Forecasts of much colder weather, sent Natural Gas futures (/NG) to their biggest one day gain in two months. Nat. gas futures for February surged 16% higher to $3.5910. The natural gas market is 22% higher in 2019. After a milder than normal December and early January, prices could continue to be volatile. The Energy Information Administration (EIA) will report on gas storage on Thursday.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Tuesday, January 15, 2019
Thursday, January 10, 2019
Bed Bath & Beyond Inc. (BBBY)
| Bed Bath & Beyond Inc. (BBBY) shares rocketed higher in the extended session Wednesday after the home-furnishings retailer's outlook topped Wall Street estimates. Bed Bath & Beyond shares rallied 22% after hours, following a 4.1% rise to close the regular session at $12.26. In a statement, the company said it expects "fiscal 2019 net earnings per diluted share will be about the same as fiscal 2018." Bed Bath & Beyond estimates fiscal 2018 earnings of "about $2" a share. Analysts surveyed by FactSet expect earnings of $1.99 a share for fiscal 2018, and $1.56 a share for fiscal 2019. The company reported fiscal third-quarter net income of $24.4 million, or 18 cents a share, compared with $61.3 million, or 44 cents a share, in the year-ago period. Revenue rose to $3.03 billion from $2.95 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 18 cents a share on revenue of $3.05 billion. |
Tuesday, January 8, 2019
Crude oil prices 1/8
U.S. Crude oil prices rose for a sixth straight session yesterday, which marks the longest daily rally since July 2017. U.S. Crude oil futures (/CL) had reached an intraday high of $49.79, after it was reported that Saudi Arabia was planning to make new cuts to its crude oil exports. U.S. Natural Gas futures (/NG) fell to their lowest level in almost four months. Warmer than average temperatures and a bearish report on the amount of natural gas in storage has weighed on the market. February Natural gas futures lost 3.3% on Monday, to close at $2.949.
Thursday, January 3, 2019
Gold Futures (/GC) 1/3
Gold Futures (/GC) are still climbing yet another 0.5% near $1290 an ounce with a 5th day of gains looking viable with additional concerns over risk-based assets. The precious metal has been unable to touch above $1300 an ounce since June of last year with the strengething dollar. Oil Futures (/CL) are showing preliminary signals of possibly turning the corner with an attempt at a 3rd positive session after a strong reversal to the upside occurred on the first trading session of the new year.
Tuesday, December 18, 2018
Equities: 12/18
Equities:
U.S. equities moved sharply lower in mass, with three of the major indices losing more than 2% yesterday. A common question is: Why are stocks down? While there can be many explanations, such as trade tensions with China or uncertainty about interest rates going forward, it all boils down to one thing. There are more sellers than buyers. This market is probing to find an equilibrium between sellers and buyers. Some of the best performing sectors lately have been defensive sectors such as real estate and utilities, but yesterday they were some of the worst performers, both losing more than 3%. That may be a sign of exhaustion to the downside when they give up the fight. On the day, the Dow Jones Industrials ($DJI) lost 2.1% to 23592.98, the Nasdaq Composite (COMP) fell 2.3% to 6753.73, and the S&P 500 (SPX) dropped 2.1% to 2545.94.
U.S. equities moved sharply lower in mass, with three of the major indices losing more than 2% yesterday. A common question is: Why are stocks down? While there can be many explanations, such as trade tensions with China or uncertainty about interest rates going forward, it all boils down to one thing. There are more sellers than buyers. This market is probing to find an equilibrium between sellers and buyers. Some of the best performing sectors lately have been defensive sectors such as real estate and utilities, but yesterday they were some of the worst performers, both losing more than 3%. That may be a sign of exhaustion to the downside when they give up the fight. On the day, the Dow Jones Industrials ($DJI) lost 2.1% to 23592.98, the Nasdaq Composite (COMP) fell 2.3% to 6753.73, and the S&P 500 (SPX) dropped 2.1% to 2545.94.
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