Averages mixed as Nasdaq lags The major equity indices remain mixed with the Nasdaq lagging, thanks in part to the continued weakness in Apple (AAPL) shares. Declining stocks are only slightly ahead of advancing stocks while up volume is ahead of down volume by more than 2:1 on the NYSE. The volume story is reversed on the Nasdaq, where declining issues and volume both lead. Crude oil prices are lower by more than 0.3% and gold is higher by 0.2%. The Dow is up 47 points, the Nasdaq is down 16 points and the S&P is up 1 point.
Vanguard REIT ETF volatility at upper end of three-year range Vanguard REIT ETF overall option implied volatility of 18 compares to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
SPDR S&P Oil and Gas Exploration and Production ETF volatility flat SPDR S&P Oil and Gas Exploration and Production ETF overall option implied volatility of 39 compares to its 26-week average of 38 according to Track Data, suggesting non-directional price movement as WIT oil is at a six-year low.