Light Volume, Slow Trade
Not much action today due to the holidays and the massive storm across parts of the Northeast. Trading is mixed. The Dow Jones Industrial Average opened lower and has stayed confined to a narrow 54-point range. The Dow is off 11 points heading into the final hour. The NASDAQ has added 3. The CBOE Volatility Index (.VIX) gained 1.31 to 17.78 and is beginning to “price in†the possibility of more volatile trading in early 2011. Trading in the options market is light, however, with 3.7 million calls and 2.6 million puts traded, or about half the typical volume.
Category: Market Update
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
