Morning Coffee Break
Welcome to today’s Morning Coffee Break – Well it is November 15 the midpoint of the month and the results from the U.S. markets downright a mess you can even say they outright ugly.
Stocks
Daily Energy Report
Look for the slow drift lower to continue in the near-term, as worries about the health of the economy and the fiscal cliff dominate. Stocks sold off yesterday on various corporate and European news items, but closed near the bottom of last week’s trading range as well as close to a new four-month low.
Home Depot Earnings
Breaking News – Home Depot Earnings
Daily Energy Report
The oil market appears to be locked in a sideways continuation pattern, however, the timing of a potential breakout may still hinge upon the trading floors opening for normal operations. The CME said late yesterday that Nymex floor trading would resume only when the city lifts its evacuation order for Zone A.
Investors Alert
Investors Alert – Market Status
Daily Energy Report
Today’s session will likely be muted again by the closure of trading pits in New York, but we expect moderate pressure to remain in place. The market may be setting up for weakness through tomorrow, when many hedge funds are expected to close their books for the year.
Stock Market Closed
October 29, 2012 U.S. Stock markets – All exchanges will be closed do to hurricane Sandy
Breaking News – Pending Home Sales
Breaking News – Pending Home Sales
Morning Coffee Break
Welcome to Monday’s Morning Coffee Break – U.S. futures are suggesting a positive open this morning after Friday’s sharpest one day drop in nearly four months. Market participants will be starting the week off with no economic data releases putting the focus on earnings and U.S. politics. Headlines in the Euro Zone will have a stronger impact on U.S. markets as well.
Natural Gas Commentary
Natural Gas traded higher settling $3.587 up $0.117 3.4%, unchanged now WoW. The curve was much firmer,
You must be logged in to post a comment.