Thursday 10 December 2009 What happened to the cluster of closes that showed a lack of downside direction, as Crude has dropped like a shale rock for five straight days? Not an unreasonable question... The cluster of closes we identified as a potential prelude to a rally did... More »
Gold, like oil, is a commodity and most people try to mistakenly value gold in the same way they value oil. It seems that the popular consensus is that gold is an inflation story as gold is historically a store of value. After all, central banks are printing huge amounts of paper to... More »
Citigroup(NYSE:C) is expected to pay back the TARP money soon. They have been rumored to raise capital by issuing a huge secondary offering. This is similar to what Bank of America(NYSE:BAC) just completed. Citigroup is expected to raise $20 billion dollars in this offering. One can only wonder... More »
The loan market is quiet but bids have started the day firm; we are seeing on-the-run credits up about a quarter. This move is driven by equities, which were up overnight, and continued on this morning after the jobless numbers came in less than expected (5.157mm v. an est. 5.440mm)... More »
Call option volume for Dril-Quip was up yesterday and its stock price was up about 0.5%. Dril-Quip designs, manufactures and markets offshore drilling equipment. Dril-Quip’s products include casing connectors, gate valves, riser systems, hanger systems, template systems,... More »
Total US Rail Traffic Major Commodity Groups Total Grain Chemicals Food Forest Metals Coal Autos Intermodal Current Week Vs. 2008 (4.9%) 14.1% 10.8% 3.7% (6.2%) 3.6% (13.5%) 8.9% (5.7%) Vs. 2007 (13.6%) 2.6% (4.9%) (2.4%) (20.0%)... More »
Oversupply in the natural gas market has taken its toll on the commodity, but some investors are flocking to it and for good reason.First of all, the parts of the nation that historically use natural gas are expected to witness colder temperatures than normal. According to the National... More »