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Energy Sectors Push S&P 500 To A New 6-Month High!

Fri, 12 Jun 2009 13:43:17 GMT

On Tuesday, in my evening article, I said, "If VIX breaks down below 28, I think we’ll see SPX above 950. (…) USO (oil) still seems strong, as the dollar looks weak again. Energy sectors could help the market push higher." Today, VIX broke down all the way to below 27. SPX jumped to a 6-month high of 956.23! Nasdaq also made its new 6-month high at almost 1880. Oil continued to push higher. Crude closed above $72/barrel. USO hit a new 6-month high of $40. Indeed, the energy sectors helped push the market up. SLB led the oil services with a +4.91% gain, rising as high as $63.78 and closing at $62.18, up $2.91. APA was up[More...]

Energy And Commodity Watch

Fri, 01 May 2009 13:41:57 GMT

Relatively quiet on the energy front after a busy week. Earnings get much more busy and in key names for the E&P group next week (see the quick look table below); I’ll have the full week’s calendar out in the Monday post. In Today’s Post: Holdings Watch Commodity Watch Natural Gas Storage Review Earnings Watch Other Stuff We Care About Today Odds (...)[More...]

The Meek Continue To Dominate Equities

Mon, 27 Apr 2009 05:49:10 GMT

Early in April after a month long run off the bottom I posted a list of equities that gained at least 60% in the preceding 4 weeks (Apr 5: The Meek Shall Inherit the Earth: 92 Stocks Over $10 Returning 60%+) The list was a whose who of beaten down merchandise. Generally, by week 4-5 of an oversold rally these type of names begin to peter out but the ramp has been relentless in lower quality, low price stocks. My gut tells me quant (and other varieties) of hedge funds have been shorting these names, using fundamental reasons - expecting some pullback after huge runs - only to be run over again and again even in week 6 and 7 of this rally. All it takes nowadays is saying "business has stabilized at the worst levels we've seen in decades" to elicit glee and massive short covering rallies. While the market was flattish last week, I[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Daily Report For Tuesday: Apr 7, 2009

Tue, 07 Apr 2009 13:31:58 GMT

(8:05am ET) Stocks closed Monday's session in NY lower on a lightly-traded day, but much higher Week over Week. Through Friday, the major market indexes saw their largest four-week gains in seventy-six years. Now the market is preparing for 1Q2009 earnings season, which gets underway today with Alcoa (AA). On Monday, the DJIA (-41.74 -0.52% to 7975.85), S&P (-7.02 -0.83% to 835.48), and NASDAQ (-15.16 -0.93% to 1606.71) could not make headway against concerns the major banks may be preparing to release negative quarterly reports. The Toronto Composite (-49.59 -0.55% to 9016.17), and Venture Board (-12.42 -1.27% to 963.17) were also down on the day, but higher Week over Week. In international equity markets today, the closing prices showed losses except for Shanghai China (+0.80% to 2439.2): Australia -1.30% to 3648.5; Hong Kong -0.46% to 14929.0; India -1.80% to 10534.9; and Japan -0.28% to 8832.9. At 7:30am ET,[More...]

Why The Mining Sector Doesn’t Need Banks

Mon, 30 Mar 2009 13:54:00 GMT

Money Morning Staff Reports In the magical world of FinanceLand, it seems evil Dr. Doom has landed on the capital (Stall Street), and with a zap from his freezing ray-gun, has permeated the... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Daily Report For Friday, Mar 27, 2009

Fri, 27 Mar 2009 13:32:35 GMT

(8:36am ET) On Thursday, the upbeat earnings report of (Cara 100) Best Buy (BBY) served to lift the market at the open. Technologies stocks later were the basis of a closing hour rally. At the close, the DJIA (+174.75 +2.25% to 7924.56), S&P 500 (+18.98 +2.33% to 832.86), and NASDAQ (+58.05 +3.80% to 1587.00) gained for the third day in four this week. The Toronto Composite (+198.06 +2.25% to 8995.50) was in line with NY, but the Toronto Venture Board (+24.98 +2.63%to 974.02) also rallied. In the US equity market, the big winners were the Industrials (XLI +5.4%), Consumer Disretionary (XLY +4.6%) and Basic Materials (XLB +4.0%). All ten sectors were winners, but the laggards on this day were Energy +0.9% and Financials (XLF +1.2%). Within the many industry groups, there were a broad section of technology groups that were on the leader board. Lagging a bit were the Goldminers ($XAU[More...]

Daily Report For Friday, Mar 13, 2009

Fri, 13 Mar 2009 15:55:00 GMT

(9:48am ET) Equity market prices lifted pretty much from start to finish of Thursday’s session. Retail Sales, Jobless Claims and Business Inventories and comments from Barney Frank and Tim Geithner played a role in the general bullishness. The latter made comments on the dangers of ending the mark-to-market rule and instead believe subtle changes could be made in an effort to improve it. Pfizer (PFE) made a big splash with the announcement its Phase III trial of Sutent was stopped early as the drug showed a significant benefit in patients with pancreatic cancer. At the close, the DJIA (+239.66 +3.46% to 7170.06), S&P 500 (+29.38% to 750.74) and NASDAQ (+54.46 +3.97% to 1426.10) were up sharply for the second day in the past three. The Toronto Composite (+271.25 +3.39% to 8282.27) and Venture Board (+19.52 +2.37% to 843.42) were almost as strong. The winning sector by a wide margin was[More...]

Daily Report for Thursday, Mar 5, 2009

Thu, 05 Mar 2009 14:05:00 GMT

Daily Report for Thurs., Mar. 5, 2009 (7:57am ET) Equity markets made steady progress on Wednesday as Energy (XLE +4.8%) and Basic Material (XLB) stocks rallied from the opening bell, giving traders hope that an upside move was about to commence. By the end of the session, the DJIA (+149.82 +2.23% to 6875.84, still down from Friday’s 7062.93 close); the S&P 500 (+16.54 +2.38% to 712.87, still down from Friday’s 735.09); and the NASDAQ Composite (+32.73 +2.48% to 1353.74, still down from 1377.84) showed promise. The Canadian markets were also firm as the Toronto Composite gained +183.13 +2.40% to 7814.75 (down from Friday’s 8123.02 close), while the Venture Board gained just +6.88 +0.83% to 830.95 (down from Friday’s 861.66). Earlier in the day today, Asia-Pacific equity markets were mixed: Australia (+0.73% to 3148.8); Japan (+1.95% to 7433.5); and Shanghai China (+1.04% to 2221.1) were strong, whereas Hong[More...]

Daily Report for Thursday, Feb 26, 2009

Thu, 26 Feb 2009 15:35:00 GMT

(9:39am ET) Equity prices sold off sharply at the open and then after gaining strength all day, sold off sharply again into the close. The DJIA (-80.05 -1.09% to 7270.89); the S&P 500 (-824 -1.07% to 764.90); and the NASDAQ Composite (-16.40 -1.14% to 1425.43) closed with a loss of just over -1%. Canadian markets remained strong through the close, however. The Toronto Composite gained +72.97 +0.93% to 7932.30, and the Venture Board was up +1.38 +0.16% to 854.97. The Techs (XLK +0.9%) were the leading sector with the Semi-conductors in particular strong on the day ($SOX +3.0%), while the Banks ($BKX gained +2.4%). True to recent form, as the Banks lifted, there was a sell-off in gold, as $GOLD dropped -$3.30/oz to close at 966.20. Crude Oil ($WTIC) gained +$2.54/bbl to close at 42.50, and is a tad stronger this morning, up to 43.46 at about 8:15am ET, then softening a bit to 43.06 at 9am, still up so far on the[More...]

Report Says Most Saskatchewan People Don't Back Nuclear Power Plant Idea

Tue, 15 Sep 2009 23:49:00 GMT

- A new report has found that most Saskatchewan residents oppose building a nuclear power plant in the province, but that doesn't mean the idea has hit a dead end, according to the government.
The 166-page report released Tuesday gathered reaction from public consultations held on the future of uranium development in Saskatchewan.
"I think what this (report) is saying to us is that the people of Saskatchewan, Mr. Perrins feels, need much more information to make an informed decision about this.

: iStockAnalyst.com Symbols Feed

Energy Sectors Push S&P 500 To A New 6-Month High!

Energy And Commodity Watch

The Meek Continue To Dominate Equities

Daily Report For Tuesday, Apr 14, 2009

Daily Report For Tuesday: Apr 7, 2009

Why The Mining Sector Doesn’t Need Banks

Daily Report For Friday, Mar 27, 2009

Daily Report For Friday, Mar 13, 2009

Daily Report for Thursday, Mar 5, 2009

Daily Report for Thursday, Feb 26, 2009

Report Says Most Saskatchewan People Don't Back Nuclear Power Plant Idea

Gold Participation and Income Fund Announces Exchange Ratios

Standard & Poor's Announces Changes In S&P/TSX Canadian Indices

Canadian Nuclear Society Annual Conference, Calgary, May 31-June 3

NRC's GE Meeting Draws a Light Crowd

Critics Says Canada is Enabling India's Military Nuclear Program

New Products, Services & Contracts

A Debate Over the Future of Uranium in Nebraska

INVESTMENT TRENDS Nuclear Power Should Be Generating a Major Boost in Business U.S. Agency Says Needs Will Be Great By 2030

Saskatchewan Names Bruce Power President to Nuclear Industry Advisory Panel

St. Elias Mines Ltd.: Strawberry Flats Gold Project, British Columbia

Greenock to Acquire Gold Properties in Nevada

Paladin Energy Ltd: Quarterly Activities Report for Period Ending-30 September 2009

PicksThatMove.Com Announces Investment Opinion on DRYS, CERP, NRK, RF and DML

Enexco Commences Drilling Loomis Gold Property, Nevada

Cameco Investor Webcast Advisory

Coalcorp Provides Updated Default Status Report

Coalcorp Provides Updated Default Status Report

Coalcorp announces filing of second quarter interim financials

Cameco Announces Filing of Preliminary Base Shelf Prospectus Relating to the Issuance of Debentures