Sentiment
A very uneventful quadruple witch expiration is coming to a close with mixed trading Friday. It was a light news day. The only economic stat of the day showed the leading economic indicators up 1.1 percent in November, which was in-line with estimates. A collective yawn greeted the data. Meanwhile, news that tax cuts passed the House seems to be offering some market support. A rally in Treasuries and stronger-than-expected earnings from technology heavyweight Oracle (ORCL) bolstered sentiment as well. With forty-five minutes left to trade, the Dow Jones Industrial Average is down 10 points and the tech-heavy NASDAQ added 9. The CBOE Volatility Index (.VIX) is down 1.54 to 15.85 and probing its lowest levels since April. Trading in the options market is active due to the expiration. 8.2 million calls and 6.1 million puts traded so far.
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