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Some headlines of Bold Action in Europe, and a bit of a compromise in Washington, are helping the futures and the markets this morning. This up open is nice follow through for those who went out long, based on yesterday’s strength. Some nice follow through to all those 80-20 Red Dog Reversals that we saw in many sectors across the board. Yesterday we outlined micro strategies to be long for “cash flow” and sometimes you can Read more…
After a 100 handle move lower since Tuesday afternoon, the market is trying to get some footing here. This would have been Day 4 of the down move, which makes it hard to stay short, so traders are using this area Read more…
US stock futures again set for a lower open Friday, following am extremely volatile European session, but are starting to pare those overnight losses into the open. Investors are now looking toward international policy makers to find solutions for what appears to be a mounting European debt crisis. Global worries have triggered another harsh equity sell-off following the Read more…
Noel Archard: A reader recently wrote to us asking about the Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (NYSE:IEO). In his view, he felt the fund was lopsided toward oil vs. gas. “If you call an ETF Read more…
US stock futures are pointing to a sharply lower open this morning following yesterday’s afternoon plunge. S&P futures are currently down about 16 handles as European markets took the cue from the Read more…
Kent Moors: As I met with the Polish officials last Friday in Krakow to begin government sessions on shale gas policy, and European Union (EU) ministers met in the southwestern city of Wrocław, Poland, thoughts turned once again to oil (NYSE:USO) pricing. 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…
Tony Daltorio: Saudi Arabia, home to more proven oil reserves than any other nation, has an energy problem. HSBC estimates that this year the kingdom will burn 1.2 million barrels of oil a day to generate electricity, double the amount burned in 2010. With the amount of crude oil burned Read more…
By now you have likely heard the market described as “range bound” so many times that you’re actually starting to believe it. And depending on the mood of the moment, the same could probably be said about “overbought” and “oversold” too. It is almost as if the Read more…
Corey Rosenbloom: In general, crude oil prices are closely following stock prices, including the recent rally into confluence resistance. Read more…
Chris Ciovacco: The Federal Reserve printed money in 2009 and bailed out the stock market. The Federal Reserve printed money in 2010 and bailed out the stock market. As the financial markets anticipate the next Fed statement due to be released on September 21, the markets are again Read more…
US stock futures point to a higher open Wednesday morning back up near yesterday’s high. In the last 15 minutes of yesterday’s session we saw a steep sell-off that continued after the bell, which gave bulls some jitters. The market weathered an extremely weak consumer confidence number, with investors not paying too much heed to the number that was taken during the market turmoil in Read more…
Ian Wyatt: A number of oil stocks are worth putting on your radar screen in the aftermath of Hurricane Irene which barreled up the East Coast over the weekend. Read more…
The competitive landscape of the ETF industry has evolved rapidly over the last several years, with several new players–both big and small–making a push into the space. From financial giants such as RBS and Citi to relative unknowns such as Javelin and Precidian, the roster of active ETF issuers has Read more…
EconMatters: It has become quite apparent that major changes are necessary in the oil futures market after the latest year of volatility which had little relation to the actual fundamentals of supply and demand in the marketplace. Read more…
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