Averages off worst levels but still down over 1% Each of the major equity indices is deep in negative territory but off the worst levels of the session. Declining stocks are ahead of advancing stocks by over 3:1 on both the NYSE and Nasdaq. Down volume is ahead of up volume by about 9:1 on both. Crude oil prices are lower by 1.5% and gold is higher by 0.8%. The Dow is down 140 points, the Nasdaq is down 38 points and the S&P is down 15 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.