XES News and Press, SPDR Series Trust S&P Oil & Gas Equipment & Services From 07/24/23

2023-07-24 09:33:41 ET Summary The Big 3 oilfield services players SLB, BKR and HAL all reported this week. All 3 see strength in international and offshore more than offsetting temporary weakness in North America. We are in the early stages of a multi-year capex cycle that po...

2023-07-18 13:45:00 ET Summary While caution in some areas of the commodities space may be prudent, there are also reasons for optimism. Given the still-uncertain economic environment combined with the rise in equity valuations, we believe taking a more cautious stance is prudent ...

2023-07-17 23:50:07 ET Summary The bullish thesis for natural gas is intact even though prices are unlikely to revert to last year's levels. I show charts that compare large U.S. gas producers on a number of metrics including liquids yield, price realizations, hedges, and valuatio...

2023-07-17 20:29:00 ET Summary The UBS Constant Maturity Commodity Index (CMCI) underperformed the Bloomberg Commodity Index (BCOM) in Q2 2023 but continues to outperform year-to-date by over 3.5%. The declines in all commodity indexes during Q2 2023 was mostly due to the poor eco...

2023-07-17 15:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-07-10 05:30:00 ET Summary Financial and tech sectors face weak comparisons from late 2022, while the energy sector faces stronger comparisons and good growth from late 2022. The 'pandemic' influence will ripple through the S&P 500 numbers through the end of 2023. Fina...

2023-07-10 03:36:00 ET Summary After making a new 2023 high on Monday, the market spent the next three days backing and filling. For the week, it was down 1.2%. We are now in a Golden Cross configuration, with the 50-day above the 200-day. The best performer last week (and the...

2023-07-08 20:25:00 ET U.S. crude oil production is on track to set a record this year , up 9% Y/Y through April, helping to keep energy prices stable and blunt the efforts of Saudi Arabia and other oil exporters to drive them higher. The Energy Information Administration has foreca...

2023-07-08 01:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-07-03 04:23:00 ET Summary After taking a well-deserved rest for a few days, the so-called AI Rally is back on track. After the minor pullback, June is up by 6.5%. The best performer last week was the EQM Blockchain Index, which is designed to measure the performance of gl...