Another triple digit gain for the Dow Stocks are enjoying their best back to back gains since the beginning of the year as each of the major equity indices is higher by at least 1%. Advancing stocks are ahead of declining stocks by almost 3:1 on the NYSE and by a bit over 2:1 on the Nasdaq. Up volume is ahead of down volume by 3:1 or more on both. Crude oil prices are nearly unchanged and gold is down over 1%. The Dow is up 154 points, the Nasdaq is up 38 points and the S&P is up 18 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.