900 Ahead
The resistance at 1060 (or so) is broken, it looks we will be fast at 900. Chart 1. S&P 500 Weekly
Archive for May, 2010
Rig Count Weekly May 25, 2010
We had 18 more natural gas drilling rigs operating and 6 crude oil operating rigs less for the week ending May 21 in the U.S. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes Monthly World Rig Count
Existing Home Sales Rose 7.9% In April
Existing home sales rose 7.9% to 5.77 million SAAR. Consensus was at 5.6 million. Again, the first home buyer tax credit expiring. Supply jumped 11.5% to 8.4 months cover. Chart 1. Existing Home Sales
New Week Intro May 24, 2010
Important U.S. earnings this week: Monday: Campbell Soup (CPB), Donaldson Company (DCI), Quanex Building Products Corporation (NX), Phillips-Van Heusen (PVH) Tuesday: AutoZone (AZO), Medtronic (MDT), CB Richard Ellis(CBG), Flowers Foods (FLO), Sanderson Farms (SAFM) Wednesday: Semtech (SMTC), American Eagle Outfitters (AEO), Toll Brothers (TOL), Jo-Ann Stores (JAS), Brown Shoe (BWS), Dress Barn (DBRN), Fred’s (FRED), […]
Dry Bulk Weekly – May 23, 2010
Baltic dry index fell 2.2% last week, this time on the back of 10.1% Capesize Index loss. Panamax, Supramax and Handysize Index all recorded gains and outperformed the broader index. We had weaker spot iron ore prices, weaker China steel prices and higher iron ore and thermal coal stockpiles. Capesize activity decreased in the recent […]
Tanker Weekly – May 23, 2010
Baltic Dirty Tanker Index rose 1.8%; Baltic Clean Tanker Index fell 2.7%. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Commercial Real Estate Follow Up
Did not have time to post on Wednesday, so I’ll do it now. Moody’s/Real National Commercial Property Index declined 0.5% in March and 24.9% YoY. Chart 1. Moody’s/Real National Commercial Property Index Source: Blytic
Euro Intervention?
They should know that the effects don’t last more than a few hours…. Chart 1. EUR/USD Exchange rate & S&P 500
U.S. Natural Gas Weekly – 20 May 2010
Working gas in storage rose 76 Bcf from previous week. Some signs of increased power generation demand arised, interesting times, maybe a entry point developing. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
U.S. Petroleum Weekly – May 20, 2010
Belisarius is kind of tied up with his day job in the last few days, so my posting is not as timely as usual. Crude oil stocks and derivatives stocks were mostly unchanged for the week ending May 14. Refinery utilization fell from88.4% to 87.9%. Crude oil and petroleum product net imports were fell to […]
Initial Jobless Claims Up 27.000
Initial jobless claims were reported at 471.000. The consensus was at 440.000, last week reading was at 444.000. An ugly looking number. Chart 1. U.S. Initial Jobless Claims
Is This The Big One?
Is this the big one? Although your favorite author was skeptical on the recent bull run, he definitely didn’t things will unwind so fast. Where to now? It feels further south. The main issue is that a EU “nuclear” option, did not reassure the markets. And there is no other better fixes… Only possible good […]
MBA Mortgage Applications Down 1.5%
MBA mortgage applications fell 1.5% for week ending May 14, the prior reading was an increase of 3.9%. Chart 1. MBA Mortgage Applications
April Consumer Price Inflation At -0.1%
Consumer price inflation for April was reported at -0.1%, vs. consensus of 0.1%. The prior reading was 0.1%. The core inflation was at 0%, vs. prior reading of 0.0% and consensus of 0.1%. A hint of deflation. Chart 1. U.S. Consumer Price Inflation
U.S. Producer Price Index At -0.1% In April
PPI fell to -0.1% in April vs. 0.1 consensus and 1.7% rise in March. Chart 1. U.S. Producer Price Index