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2023-09-19 01:18:28 ET Summary Massive shortage in production and refining continues, with a shortfall of almost a million barrels per day. Demand remains strong, hitting a record of 102.8 bpd in July, with forecasts of deficits in the future. The oil market is at risk of a si...
2023-09-18 11:57:33 ET More on SPDR S&P Oil & Gas Equipment & Services ETF Seeking Alpha’s Quant Rating on SPDR S&P Oil & Gas Equipment & Services ETF Dividend scorecard for SPDR S&P Oil & Gas Equipment & Services ETF XES: T...
2023-09-14 05:08:00 ET Summary May Non-OPEC oil production dropped by 412 kb/d to 50,010 kb/d. The largest decreases came from Canada 118 kb/d and Russia 193 kb/d. OPEC’s C + C production decreased by 592 kb/d in May while YoY it increased by 39 kb/d. The China National...
2023-09-11 10:30:00 ET Summary The market is still in the process of digesting its gains and broadening its participation. September is off to a negative start, and history shows that September is the weakest month of the year, on average. Since the recent market peak on July ...
2023-09-08 00:20:00 ET Summary U.S. June oil production increased by 207 kb/d to 12,844 kb/d. The large increase is primarily due to a 147 kb/d increase in the GOM. The August STEO forecast for June production was 12,676 kb/d, low by 168 kb/d. While overall US oil production i...
2023-09-04 09:04:07 ET Summary Oil has been strong despite unemployment, leading to a potential rally in energy sector stocks. The SPDR S&P Oil & Gas Equipment & Services ETF offers exposure to the sector. XES has shown strength relative to the broad Energy ETF and...
2023-09-04 04:30:00 ET Summary For the week, the S&P 500 was up 2.5%. We are now just 1.6% below the 2023 high-water mark, set on July 31. The market entered a Golden Cross configuration on February 2, 2023. A recession remains a distinct possibility, especially if the Fed...
2023-09-01 21:30:00 ET Summary Given the fact that equity valuations are so extreme and at such a precarious time in the economic cycle, it’s probably wise to maintain a defensive position in the markets. In fact, I would argue that it calls for maximally defensive position...
2023-08-22 15:10:00 ET Summary Yesterday, percentage of stocks trading above their 50-DMAs fell down to 33% for the S&P 500. Last Thursday saw a slightly lower reading and 33% is far from the worst in recent years. While just a third of the S&P 500 components are above the...
2023-08-17 12:22:00 ET Summary China's economy has not met post-lockdown growth expectations. That slowdown has had a mixed impact on commodities demand. China's government may need to step in with more stimulus. As China's economy struggles to find momentum, is ther...
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2024-07-09 10:06:00 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...
2024-06-29 10:56:00 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...
2024-05-08 20:52:00 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...