Stocks begin new week lower after last week's run-up Stock futures weakened during the pre-market trading session, leading to a lower open for the broader market. The averages closed last week at 18 month highs so a bit of profit taking appears to be underway. With little news on the fiscal front and investors waiting for the beginning of the fourth quarter earnings season, which unofficially kicks off with Alcoa's (AA) report after tomorrow's closing bell, market participants may be hard pressed to find a catalyst during today's trading. The Dow is down 61 points, the Nasdaq is down 11 points and the S&P is down 6 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.