Tropical Storm Cindy has formed in the Gulf of Mexico
June 22, 2017, 10:13:40 AM by ThePitBoss
Views: 578 | Comments: 10

Yesterday we saw oil prices continue to collapse, down over 20% in 18 days since the last OPEC fable.  By their admission OPEC misread the power of shale, and so have a multitude of fund managers with massive long positions. Its been painful to watch these types yelling their views and wishes for bear blood on social media.

We just got a 1-2 punch that saw WTI pop 40 cents, seems these are less and less given the overhead supply. That needs to go for anything meaningful.
Punch One: 'Saudis Boxed In by Low Oil Prices' Article in WSJ
June 22, 2017, 09:00:10 AM by CautiousInvestor
Views: 428 | Comments: 10

JUNE 22 - Stocks slightly higher as OIL prices stabilize -- "Stocks edged marginally higher in early action Thursday as investors kept a wary eye on volatile oil prices. The S&P 500 SPX, +0.00% rose 0.1% to 2,437.52, while the Dow Jones Industrial Average DJIA, +0.01% rose 3 points. The Nasdaq Composite COMP, -0.06% was up 0.1%. Oil futures bounced higher after hitting a 10-month low on Wednesday" ... Oracle also had a good earnings report and is in rally mode for one item to further watch today

Oracle Soars 11% Up in the Cloud After Earnings


June 22, 2017, 08:27:06 AM by ThePitBoss
Views: 641 | Comments: 9

Oracle Corporation $ORCL reported fiscal fourth-quarter earnings Wednesday after the market close showing annual earnings and revenue growth for the first time since the 2014 fiscal year. The strong beat saw $ORCL shares soar in the premarket up 11.50%. The enterprise software colossus is one of the last major reports of this earnings season.

Earnings: Net income  $3.23 billion, or 76 cents a share, on sales of $10.89 billion for the final quarter in its 2017 fiscal year. After adjusting for stock-based compensation and other effects, Oracle reported profit of 89 cents a share. Analysts expected 78 cents a share on revenue of $10.46 billion, according to FactSet.

Response: Oracle Corporation NYSE: ORCL Pre-market: 51.66 +5.33 +11.50%
June 21, 2017, 10:21:42 AM by CautiousInvestor
Views: 324 | Comments: 3

JUNE 21 - Stocks - Slightly down as OIL prices stabilize -- "Stocks moved mostly higher on Wednesday, June 21, as crude oil prices stabilized after a steep selloff. The S&P 500 increased 0.12%, and the Nasdaq rose 0.5%. The Dow Jones Industrial Average was slightly lower, falling 0.03%.  Crude oil prices crept higher after a steeper decline in domestic stockpiles than anticipated. Crude stockpiles dropped by 2.5 million barrels over the past week, according to the Energy Information Administration. Analysts anticipated a decline of 2.1 million barrels. Gasoline supplies fell, while distillates climbed.
" ...


June 21, 2017, 10:13:10 AM by TradersCom
Views: 454 | Comments: 2

EIA's Weekly Gas Storage Report Report Date: 6/15/17
Release Time: Thursday June 22 25 2017 10:30 ET

Natural gas futures have tested multi month lows and seen little bounce as demand falters across the energy complex. Oil is also at 7 mth lows. Chatter has been on Tropical Storm Cindy, but not much there to create fear either way. Again the risk is South Central in forecasts. last week’s weather was 3 percent warmer than last year and 12 percent warmer than the five-year average.

Market Expectations
Actual + Bcf Prior Actual +78 Bcf
Consensus Forecast  +58 Bcf
Cons. Range: +51 to +64 Bcf
EIA swap: +59 to +60 @ CT 15.13

Last Week's Report +78 Bcf #TCNG
Pages: [1] 2

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Economic Calendar
Wednesday, June 21, 2017
  JPY      BoJ Governor Kuroda Speaks 
  GBP      BoE MPC Member Haldane Speaks 
  USD      Existing Home Sales (May)
  USD      Crude Oil Inventories
  USD      Cushing Crude Oil Inventories
  NZD      RBNZ Interest Rate Decision
  NZD      RBNZ Rate Statement 

Thursday, June 22, 2017
  EUR      ECB Economic Bulletin 
  GBP      CBI Industrial Trends Orders (Jun)
  USD      Initial Jobless Claims
  CAD      Retail Sales (MoM) (Apr)
  RUB      Central Bank reserves (USD)
  USD      FOMC Member Powell Speaks 

Friday, June 23, 2017
  EUR      French GDP (QoQ)
  EUR      French Manufacturing PMI (Jun) 
  EUR      French Services PMI (Jun) 
  EUR      German Manufacturing PMI (Jun) 
  EUR      German Services PMI (Jun) 
  EUR      Manufacturing PMI (Jun) 
  EUR      Markit Composite PMI (Jun) 
  EUR      Services PMI (Jun) 
  CAD      CPI  (May)
  USD      Manufacturing PMI (Jun) 
  USD      Services PMI (Jun) 
  USD      New Home Sales (May)
  USD      FOMC Member Bullard Speaks 
  USD      FOMC Member Mester Speaks 
  USD      U.S. Baker Hughes Oil Rig Count
  USD      FOMC Member Powell Speaks 

Monday, June 26, 2017
  EUR      German Business Expectations (Jun)
  EUR      German Current Assessment (Jun)
  EUR      German Ifo Business Climate Index (Jun)
  USD      Durable Goods Orders (MoM) (May)
  NZD      Trade Balance (May)

Tuesday, June 27, 2017
  USD      S&P/CS HPI Composite (YoY) (Apr)
  USD      CB Consumer Confidence (Jun)

Wednesday, June 28, 2017
  EUR      Italian CPI (MoM) (Jun)
  USD      Goods Trade Balance (May)
  USD      Pending Home Sales (MoM) (May)
  JPY      Retail Sales (YoY) (May)
  AUD      HIA New Home Sales (MoM) (May)
  NZD      ANZ Business Confidence (Jun)

Thursday, June 29, 2017
  EUR      GfK German Consumer Climate (Jul)
  EUR      Spanish CPI (YoY) (Jun)
  EUR      Spanish HICP (YoY) (Jun)
  EUR      German CPI (MoM) (Jun)
  USD      GDP (QoQ) (Q1)
  USD      GDP Price Index (QoQ) (Q1)
  NZD      Building Consents (MoM) (May)
  JPY      Household Spending (May)
  JPY      Jobs/applications ratio (May)
  JPY      Core CPI (YoY) (May)
  JPY      Industrial Production (MoM) (May)
  CNY      Manufacturing PMI (Jun)
  CNY      Non-Manufacturing PMI (Jun)
  AUD      Private Sector Credit (MoM) (May)

Friday, June 30, 2017
  EUR      German Retail Sales (MoM) (May)
  EUR      French Consumer Spending (MoM) (May)
  CHF      KOF Leading Indicators (Jun)
  EUR      German Unemployment Change (Jun)
  EUR      German Unemployment Rate (Jun)
  GBP      Business Investment (QoQ) (Q1)
  GBP      Current Account (Q1)
  GBP      GDP  (Q1)
  EUR      CPI (YoY) (Jun)
  USD      Core PCE Price Index  (May)
  USD      Personal Spending (MoM) (May)
  CAD      GDP (MoM) (Apr)
  CAD      RMPI (MoM) (May)
  USD      Chicago PMI (Jun)
  USD      Michigan Consumer Expectations (Jun)
  USD      Michigan Consumer Sentiment (Jun)