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Tom Essaye: One of the biggest stories of 2012 has been the absolute collapse of natural gas prices (NYSEARCA:UNG). The fall has been truly breathtaking, with natural gas falling from $2.97 at the start Read more…
Last week was a powerful one for the markets, as most sectors are in multiyear highs or approaching them. Transports played a bit of catch up as did the Russell and the energy complex. Tech, home builders and banks lead the Read more…
Futures are slightly lower Monday morning, taking cues from overseas markets. A surprising China trade deficit and the wait for final approval of the Greek bailout have curtailed risk appetite slightly. Markets closed almost where they started last week, but Read more…
Futures are strong this morning after yesterday’s bounce from oversold conditions. The Oscillator on Tuesday had a -80 or so reading, a level that usually leads to an oversold bounce. On today’s open, this tool will be getting more neutral and we’ve probably penetrated more than Read more…
US stock futures are lower Monday morning after China lowered its economic growth target. The symbolic 8% growth rate has been targeted for the past eight years in China, but over the weekend they lowered that rate to 7.5%. Chinese Premier Wen Jiabao said Read more…
US stock futures point to a lower open after some soft news out of Europe raising some slow growth concerns. Yesterday’s action was impressive based on Wednesday’s distribution day as this market continues to be very resilient. Banks Read more…
US stock futures are slightly higher Friday as investors continue to hold out hope the all issues in Greece will be ironed out quickly. The wrangling continues over economic reforms and austerity measures. Core CPI met expectations this Read more…
US stock futures are slightly lower Thursday morning amid renewed uncertainty about the Greek bailout. The on again, off again negotiations regarding austerity measures and financial reforms still haven’t produced a result that European finance ministers are happy with. The Euro Read more…
US stock futures were up more than a half percent Wednesday morning, building off of yesterday’s late afternoon reversal. Triggering the move are comments from the People’s Bank of China Gov. Zhou Xiaochuan that the his country will be looking to Read more…
US stock futures are turned down Tuesday morning and now point to a lower open on Wall St. Last night futures were a bit under pressure after Moody’s Investors Service cut the sovereign debt rating of several European countries. Spain’s rating was cut by Read more…
S&P futures are up 10 handles Monday morning, reacting to Greece’s parliament’s final approval new, stricter austerity measures. The vote now paves the way for another international bailout package that will prevent a hard default on March 20. While the market is Read more…
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