Siebel Splitting; Markets Green
The Dow is still trading near its day
high while the Nasdaq has pulled back to the flat line. Earnings continue to
drive this market.
The VIX is down 0.58 at 20.97. Remember
that both 20 and 30 are often viewed as extreme overbought and oversold
The TRIN is up +.19 at .78.
The TICK is -391 at -4.
The TIKI is +1 at -2.
The NYSE Beta Index is at 1800.32
The Dow Jones Utility Average is
trading +0.67 at 354.71.
The S&P 400 MidCap Index is trading
at 512.44, which is +.042 from Monday’s close.
The top five call options by volume
- MSFT August 70s
- CSCO August 70s
- MSFT August 75s
- AOL August 55s
- AOL October 60s
The top five put options by volume are:
- MSFT January 110s
- CSCO August 60s
- MSFT October 70s
- C December 65s
- CSCO August 65s
Again, the action is far out puts
suggests that traders may be speculating on upward price movement.
Look for abnormal options activity in
stocks which have abnormal volume on Tuesday. On the unusual volume list we see
Lernout and Hauspie
PowerRating), Applied Sceience and Technology
and NorthPoint Communications