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Joseph L. Shaefer: In a recent article, “A Skål to Old King Coal,” I discussed the shortsightedness of many investors in abandoning fossil fuels in favor of technologies that may one day provide renewable (and cleaner) energy but, today, account for less than 10% of all energy generated for heating, cooling, Read more…
Don Miller: For most Americans, the cost of food hasn’t always been such a big deal. For the better part of the last 30 years, food supplies were plentiful and the economy provided enough wealth to keep cupboards stocked. Read more…
EconMatters: The ink on our last article is barely dry when its dire prediction actually came true 48 hours later–natural gas price dropping below $2, a level not seen in over a decade. Henry Hub natural Read more…
Jared Cummans: The agriculture sector has long been a popular place for commodity trading. After all, it was with agricultural futures that commodity trading got its start. Farmers had originally used these contracts to help offset any losses in crop yields. Now, the agricultural space has blossomed into a Read more…
Jared Cummans: Cotton, the fluffy commodity, was one of the most talked about investments of 2010. With a number of factors combining, cotton prices spiked to historic highs last year and led to a number of investors jumping in on the trend, only to get burned when cotton tanked midway through 2011. Read more…
Zig Lambo: It may not sparkle or shine, but fertilizer has a bright future. In this exclusive interview with The Energy Report, Bruno del Ama, CEO of Global X Funds, tells us why investors should be looking at this “growing” industry and how his company’s new global fertilizer and potash ETF Read more…
S&P futures are up 7-9 handles this morning, going for the 4th day of this rally. There isn’t much new to report on the news front, which is probably why the futures are higher. Overseas markets followed the US gains, and there are no new developments in the Greek debt saga. S&P resistance to watch if we can get there stands at 1198-1202, and then the recent highs of this Read more…
US stock futures point to a flat open this morning following a strong two-day snap back in the market. Tuesday’s 3% gap down triggered fears of a deeper correction, but buyers stepped in aggressively to erase all of those losses from the holiday weekend. Yesterday’s continuation even has the S&P close to filling the gap from last Friday’s dismal jobs number. Bearishness had reached climactic levels–the highest since September 2007– Read more…
Usually, violent storms don’t just go away! There usually is a pause or an eye before the violence continues. I would not chase higher prices in this turbulent makret, but since we had such a big move lower there is still room to churn higher. You don’t have to trade the noise, simply wait for more Read more…
US stock futures point to a higher open on Wall St Wednesday, following an afternoon drop yesterday that ensured a 4th consecutive down day for the market. Indices grasped to hold their 50-day moving averages yesterday, but most leading stocks are still holding above their 10day or 20day moving averages. This tells me, you Read more…
The SPDR S&P 500 ETF (NYSE:SPY) was as high as $130.88 pre-market, but it was a classic case of buy the rumor after the Greek austerity deal passing became official. SPY it traded as low as $129.70 before rallying. It was a nice short the open for a trade, although I am still short some SPY. Several groups have provided the impetus for this market to hold itself together. The banks have been strong after Read more…
The S&P’s held their 200-day moving average again yesterday as tech led the way. Perhaps this the beginning of week-long window dressing at the end of Q2? This morning US stock futures are flat, and much of the action today will likely be dictated by the result of the Greek austerity vote. After yesterday’s big bounce, it’s hard to chase stocks at these levels given the market’s inability to sustain moves higher. Read more…
US stock futures point to a lower open on Wall St after the market weakened last in the day. Market savior Ben Bernanke was not able to muster any words to provide encouragement for ravenous bulls, rather affirming the FOMC’s decision to end QE2 and keep the Fed Funds Rate low for an extended period. In fact, the committee lowered GDP growth forecasts, which seemed to put a damper on the Read more…
US stock futures point to a higher open Thursday, looking to end a 6-day losing streak. The market is very oversold at these levels, and a relief bounce would seem likely at some point in the near future. In addition to the 6-day losing streak, the market is down five weeks in a row. The question you must ask in this market is, what has changed? During this entire rally, 3-5% corrections have been bought and we Read more…
US stock futures are flat Wednesday morning after a big day for bulls yesterday to finish off a weak month of May. Yesterday marked a break out of the May descending channel, and was definitive enough for IBD to put us back in a confirmed uptrend. Usually by the time they give a rally that distinction, we are a bit overbought, so a small consolidation here would make some sense. During such a Read more…
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