Cliff optimism drives market to highest levels since October Each of the major equity indices is within striking distance of session highs and the best levels seen since October. The Nasdaq is the biggest winner, up more than 1.2%. Advancing stocks are well ahead of declining stocks, while up volume is outpacing down volume by about 3:1 on the Nasdaq and by 4:1 on the NYSE. Crude oil prices are higher by 0.8% and gold is lower by 2.0%. The Dow is up 110 points, the Nasdaq is up 39 points and the S&P is up 14 points.
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.