|
|
For the second time in as many days, stocks ended the session mixed. The major indices were under pressure for most of the session but a late day rally salvaged what could have been a very negative day on Wall Street. For the most part the broad market held up well but there were signs of selling into Read more…
Oil prices have traded off a few dollars from their recent highs. The factors that will keep Brent above $100 a barrel for 2012 are the same ones that kept it above $100 all of last year. Take a look at the graph below, courtesy of the Read more…
Crude prices are fundamentally based on supply and demand. Raise the supply or lower demand, and prices retreat. The opposite also holds true. Oil tankers can take up to one and a half miles to come to a stop, and up to 10 miles to make a u-turn. That’s a long time at the speed of an Read more…
Jason Simpkins: 2011 was an up-and-down year for oil prices, but don’t expect that pattern to repeat in 2012. In the coming year, the trajectory for oil prices will be far more linear – and it’s pointed up. In fact, we could even see $150 oil by mid-summer. Read more…
Jason Simpkins: 2011 was an up-and-down year for oil prices (NYSEARCA:USO), but don’t expect that pattern to repeat in 2012. No, next year, the trajectory for oil prices will be far more linear – and it’s pointed up. In fact, we could even see $150 oil by mid-summer. Read more…
Andrew Snyder: Iran is up to no good. The price of crude oil has not soared yet on the news of increased fighting in the region, but it is showing signs it could do it any day. Read more…
I’ll never forget my first visit as a teenager to the commodity-trading pit of the Chicago Mercantile Exchange (CME). The swirling bright colored jackets, the shouting and rapid hand signals (looked like arm wrestling to me) were captivating and reminded me of past family gatherings. It was also Read more…
JJG, JJM, JJN, JJT, JJU, JO, LD, NYSE:BAL, NYSE:CORN, NYSE:COW, NYSE:CUT, NYSE:DBA, NYSE:GAZ, OIL, PALL, SGG, SLV
In impressive style, stocks bounced back from early losses to post solid gains on higher trade. The day started off slowly for the market but caught a bid around lunch time and never looked back all the way to the close. All five major indices closed higher on the session. The small-cap Russell 2000 Read more…
Chris Vermeulen: How To Trade Gold & Oil – The past couple weeks have been tough for most investors. The recent light volume rallies which have taken place in gold (NYSE:GLD), oil (NYSE:USO) and stocks (NYSE:SPY) has been generating mixed signals for technical analysts like myself. In order avoid Read more…
This past April 21, according to Baker Hughes Inc.’s (NYSE:BHI) weekly rotary rig count, the number of rigs drilling for oil surpassed those drilling for natural gas. Back in May, I wrote an article on the big shift away from drilling for natural gas in favor of oil. At the time, there were 984 rigs drilling for oil. Just a couple of months later, on June 24, the count reached 1,003. That was the first time since Baker Hughes began separating the oil Read more…
Sean Hyman: The year was 1973. I was just a toddler, so I couldn’t fully appreciate the next-generation Camaro that had just come out or the release of the new Pontiac Firebird Formula. Read more…
Markets opened sharply lower yesterday and really never looked back. Some strong stocks tried to hold higher like Friday but it felt different; they couldn’t absorb the pressure. SPYs tried to hold the 50day moving average “zone” around $131.80-132.10. They took out this area last night and we are set to open about 12-14 handles lower as the Read more…
Stocks slid on Friday as volume contracted. For the first day in almost two weeks of trading all five major averages lost ground. However, the market did close well off session lows. After being down nearly 1.5% intraday, the Nasdaq (NASDAQ:QQQ) recovered and ended the session lower by only Read more…
Jeb Handwerger: One of the functions of Gold Stock Trades is to help subscribers separate the daily chaff from the long term view of the economic grain. The markets will do what they have always done, which is to confuse, misdirect and obfuscate. Read more…
Last week, western nations, through the International Energy Agency, announced the impending release of the largest amount of oil from their emergency strategic reserves since 1991. Over the next month, the IEA will release 60 million barrels of light, sweet crude oil. The United States will lead the release by providing 30 million barrels of oil to the market. The IEA stated that the release of oil from Read more…
Most Comments