Averages shake off weakness and move higher The averages have gone from mixed to all positive, with the Dow back within striking distance of session highs. The blue chip index has been the leader all day and is currently up about 0.75%. Advancing issues are slightly ahead of declining issues while up volume is ahead of down volume by a wider margin. Crude oil prices are lower by 0.7% but gold is higher by almost 2%. The Dow is up 103 points, the Nasdaq is up 11 points and the S&P is up 7 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.