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Chris Bersaw

Chris Bersaw
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  • Stocks slide again, Nasdaq closes below 4,000 for first time since February [View news story]
    Yes this spike in volume on the decline is significant, lot of sellers entering the market but no surprise the media says otherwise
    Apr 12 03:31 PM | Likes Like |Link to Comment
  • Natural Gas Spikes On Weak Inventory Build, Poised For Move To $5 [View article]
    Hi Stoman, glad I can help. The terms are not synonymous, Injection adds to storage, withdraw takes from storage, usually draws have a negative sign preceding the figure but others omit the sign. Y/y we injected 18 bcf more, last year's -14 bcf versus +4 bcf now. For the 5 yr average injection I get +9 not unch but that number is more of a talking point since market focus is on future production not what already happened. On balance this result looks good but as always one number does not make a trend.
    Apr 12 03:07 PM | Likes Like |Link to Comment
  • Natural Gas Spikes On Weak Inventory Build, Poised For Move To $5 [View article]
    Basically that statement is saying is we injected a little more gas into storage this year then we did historically at this time.
    Apr 11 03:56 PM | Likes Like |Link to Comment
  • Natural Gas Spikes On Weak Inventory Build, Poised For Move To $5 [View article]
    I see little to do at this point, too high to buy but selling isn't a good idea given the supply situation. Best to wait for a pull backs Or sell puts.
    Apr 11 12:36 PM | Likes Like |Link to Comment
  • Japan: 1 Step Forward, 2 Back [View article]
    For the Nikkei, its a good news not so good news situation. The 'good' news is lack of aggressive selling in yesterday's decline, looks more like profit-taking. This makes me think support around 14,000 should hold. However, there are more profits to be taken as long term charts suggest lower prices, 13405 perhaps 12980. So far Yen looks like its headed to some serious resistance around 0.009896, that's the level to watch but will it hold again?
    Apr 10 11:51 AM | Likes Like |Link to Comment
  • Stocks, bonds, gold pop on dovish FOMC minutes [View news story]
    I'm thinking this situation is a ploy to drive interest rates lower, June notes just breached resistance at 124-095 although the move lacks conviction.
    Apr 10 10:54 AM | 1 Like Like |Link to Comment
  • Stocks, bonds, gold pop on dovish FOMC minutes [View news story]
    Yes definite short covering, no one wants to be short in a fed driven market that's for sure.
    Apr 9 04:05 PM | 1 Like Like |Link to Comment
  • Stocks, bonds, gold pop on dovish FOMC minutes [View news story]
    This is new info to the algo's doing the trading apparently.
    Apr 9 03:47 PM | 1 Like Like |Link to Comment
  • Strategies For Earnings Season And Beyond [View article]
    Also worth keeping in mind what is leading the declines. In January, the sell off was lead by the DJIA, the weakest, then SP500 with tech heavy Nasdaq 100 the strongest. This time its the Nasdaq 100 leading the losses with the dow the strongest complete opposite of the New Year's decline. While I have to check but the last time I saw this pattern was in late 2007 and we know what happened next. Just something to think about as markets have not experienced a correction for almost two years.
    Apr 4 07:45 PM | 1 Like Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    We are in a downtrend, if 4.20 level can continue to hold then that might change but too early to tell at this time. I'm hearing some weather chatter about a cool summer this year because of el nino so you don't want to be long NG if that scenario materializes.
    Apr 2 09:12 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Prices finally found support around 4.20 but looks more like shorts getting out ahead of tomorrows number as trends remains lower. Of course if tomorrow's number beats expectations again that could be supportive near term we shall see.
    Apr 2 01:03 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Natural gas looks like it could challenge 4.272 before buyers return, that is if support at 4.34 fails so we will see.
    Mar 31 12:15 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Yet prices are lower by 14 cents despite the supportive weather, would hate to be long when we have unsupportive weather.
    Mar 31 12:03 PM | Likes Like |Link to Comment
  • Natural Gas Production Must Increase Dramatically To Refill Inventories [View article]
    Weather trending warmer for the first week of April is what's likely chasing away NG longs.
    Mar 21 09:40 PM | Likes Like |Link to Comment
  • On the hour [View news story]
    No. Key reversal is an open over prior day high and close under the low which did not happen today with S&P500. Nasdaq 100 price action is very close to a key reversal however.
    Mar 21 07:03 PM | 1 Like Like |Link to Comment
COMMENTS STATS
555 Comments
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