Averages remain near session lows Each of the major averages is deep in negative territory but off the lows reached just a short time ago. Poor economic data out of China and comments by John Kerry about the Ukrainian situation have been attributed as factors in the sell-off. Declining stocks are ahead of advancing stocks by more than 2:1, while up volume is slightly ahead of down volume. Crude oil prices are flat for the session while gold is higher. The Dow is down 167 points, the Nasdaq is down 51 points, and the S&P is down 16 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.