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Two new Breakout Stocks for Week 27 with better than 10% short-term upside potential and a Dow 30 Pick. Average cumulative returns now down to +85.6% YTD. No picks broke 10%+ in less than a week and the Negative Momentum Gauge® warning signals continue negative through 26 out of ...
Over the past five years, total supply has fallen from 119 units in early 2017 to 95 in June 2022. Marketed supply fell from 96 units to 80 at present. So far, contractors have been restrained in reactivating cold-stacked drillships, leading to an increase in contracted utilisation as...
The EIA has reported that their site experienced technical problems last week and that they have not been able to update their weekly and monthly data. Since we do not know when they will publish the April U.S. oil production report, this short different post will fill the gap. Fr...
As of May 2022, refining capacity stands at 17.9 million barrels per day (bpd). With utilization at near-record highs, the refinery margins are also at a record high. The energy industry is also moving to a net-zero carbon strategy which means less investment will be put into refi...
Large oil trading companies and refiners who are buyers of oil are not restocking because the futures curve is signaling prices will be lower in the future (negative carry). There is an inability to hedge this negative carry because longer-dated oil futures prices are lower than near-...
The June 2022 STEO has revised downward its projected US oil output from May 2022 to Q3-23. The DPR is projecting that oil output for July 2022 will increase by 143 kb/d to 8,900 kb/d. Since the beginning of April, the US has been adding oil rigs at a rate of close to 3.7 rigs/wk....
Two new Breakout Stocks for Week 26 with better than 10% short-term upside potential and a Dow 30 Pick. Average cumulative returns now up to +88.1% YTD. High frequency breakouts continue despite Negative Momentum Gauge® signals with peak gains in 2 of 4 picks above 10%: ABUS +13....
As inflation rises and recession looms in, people tend to invest more in gold, which in turn is expected to benefit the gold miners’ equity shares and ETFs. Energy and commodity funds (including the leveraged bull funds) have generated growth during 2022, while gold funds have ...
While margins have recently reached record highs for the Energy sector in the S&P 500 as oil prices have risen, overall net profit for US producers remains below record levels seen in 2012. CAPEX for US oil producers has historically outpaced net profit and normally tracks closer ...
Up 53.0% to $22.70, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (ARCA:DRIP), is one of today's notable movers. In the past 52 weeks, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares share prices are bracketed by a low of $16.62 and a high of $59...
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2024-05-20 11:08:00 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...
2024-04-20 21:56:00 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...
2024-03-22 00:02:00 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...