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1. May 2012 by Jim Sutliff.
According to the Institute of Supply Management, U.S. manufacturing for April increased the most in ten months. The data sent crude oil prices higher in trading on Tuesday. Crude oil prices rose above the 50 day moving average of $105.21 a barrel. Technical trading gave prices a slight increase and crude settled at $106.20 a barrel.
To read a related Fox Business article, please click here:
http://www.foxbusiness.com/industries/2012/05/01/ism-data-lift-oil-prices/
Jim Sutliff
Posted in Options & Futures, Trading, Earnings, Oil, Investments, Economic News, General, Banking | No Comments »
12. January 2012 by Jim Sutliff.
According to the U.S. Energy Information Administration, crude oil supplies rose by 5 million barrels last week. In addition, gasoline inventories rose 3.6 million barrels and distillates increased by 4 million barrels. All of the inventory increases were well above analyst expectations. A significant drop in demand levels was a factor in the supply figures. Crude oil was trading near the $100 dollar mark on Wednesday.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/11/us-markets-oil-idUSTRE7AD06820120111
Jim Sutliff
Posted in Options & Futures, Political News, Trading, Earnings, Oil, Investments, Gasoline, General, Infrastructure, Economic News | No Comments »
10. January 2012 by Jim Sutliff.
Crude oil rose to $103.41 during afternoon trading and settled at $102. 24 a barrel. An improved outlook for US economic growth also sent the stock market to a five month high. In addition, tensions in Iran and Nigeria raised supply concerns for the near term.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/10/us-markets-oil-idUSTRE7AD06820120110
Jim Sutliff
Posted in Stocks, Trading, Earnings, Oil, Investments, Gasoline, General, Economic News | No Comments »
1. December 2011 by Jim Sutliff.
European and Chinese manufacturing numbers came in weak and that helped to send crude oil lower. Crude oil settled at slightly higher than $100 dollars a barrel on Thursday. This is the first time since February 2009 that Chinese manufacturing has contracted.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Options & Futures, Oil, Trading, Earnings, Euro, Investments, General, Bonds, Currency, Economic News, Gasoline, Banking | No Comments »
17. October 2011 by Jim Sutliff.
The Euro declined in trading after a spokesman for German Chancellor Angela Merkel indicated that the debt crisis would not be resolved in the next few weeks. The news also sent crude oil and gold prices lower in trading on Monday.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20111017-711244.html
James Sutliff
Posted in Options & Futures, Oil, Stocks, Trading, Euro, Earnings, Metals, Investments, Bonds, Banking, Currency, Economic News, General, Uncategorized | No Comments »
7. October 2011 by Jim Sutliff.
Treasury yields rose for the fourth straight day after a government jobs report indicated that the economy added more jobs in September. Ten year notes increased to 2.06% near the end of the trading day. Yields had fallen to their lowest mark on September 23rd at slightly above 1.67%.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Earnings, Trading, Federal Reserve, Treasury, Euro, Interest Rates, Investments, Bonds, Currency, Economic News, General, Banking | No Comments »
25. September 2011 by Jim Sutliff.
Gold prices tumbled at the end of the week falling almost 10% in the last three trading sessions. Gold fell $101.90 on Friday and settled at $1,639.80 an ounce. Global economic conditions have led traders to consider the possibility of deflationary conditions. Generally, gold investments do not perform well in deflationary environments. This marked the sharpest decline in gold prices since 1980.
To read a related CNN Money article, please click here:
http://money.cnn.com/2011/09/23/markets/gold_prices/index.htm?iid=HP_LN
James Sutliff
Posted in Trading, Earnings, Metals, Investments, Economic News, General, Banking | No Comments »
5. September 2011 by Jim Sutliff.
European stocks fell 3 percent in Monday trading and the Euro dropped against the Dollar. The risks associated with Euro-Zone investments increased with weak economic data and outcomes from recent elections in Germany. The Euro fell to $1.4111 against the US Dollar.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/09/05/us-markets-global-idUSTRE77L0AE20110905
James Sutliff
Posted in Stocks, Trading, Earnings, Euro, Political News, Investments, Currency, Economic News, General, Banking | No Comments »
24. August 2011 by Jim Sutliff.
Steve Jobs resigned from Apple and COO Tim Cook will be his replacement. Steve Jobs has been on medical leave since January 17th. Analysts do not expect the resignation to slow product launches by Apple. Shares of Apple fell 7 percent in after hours trading.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/08/24/us-apple-idUSTRE77N82K20110824
Jim Sutliff
Posted in Earnings, Trading, Stocks, Investments, General | No Comments »
12. August 2011 by Jim Sutliff.
The Dow Jones finished up 125 points on Friday but was still down 1.5% for the week. Trading was very volatile all week with the Dow Jones moving 400 or more points on four consecutive days. Gold touched $1,800 an ounce and crude oil bounced back from hitting almost $80 a barrel.
To read a related Associated Press article, please click here:
Jim Sutliff
Posted in Stocks, Options & Futures, Interest Rates, Trading, Treasury, Earnings, Oil, Metals, Currency, Bonds, Economic News, General, Investments, Banking | No Comments »
8. August 2011 by Jim Sutliff.
The Dow Jones Industrial Average fell over 600 points in trading on Monday. The downgrade of U.S. debt and concerns for the global economy continued to drive the market lower throughout the day. Crude oil also fell in trading and finished the day near $80 a barrel. Gold finished higher on the day and increased to over $1,700 an ounce.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Stocks, Regulatory, Interest Rates, Trading, Treasury, Earnings, Options & Futures, Oil, Currency, Bonds, Economic News, General, Metals, Investments, Banking | No Comments »
4. August 2011 by Jim Sutliff.
The Dow Jones fell more than 500 points on Thursday and has fallen 8 of the last 9 trading days. The 500 point drop is the worst one day decline since December 2008. Almost 15 stocks fell for every stock that rose on the New York Stock Exchange. Kraft was the only advancing stock in the Dow after the company announced that it would split into two companies.
To read a related Marketwatch article, please click here:
http://www.marketwatch.com/story/us-stocks-fall-hard-as-economy-weighs-2011-08-04?dist=markets
James Sutliff
Posted in Options & Futures, Stocks, Trading, Earnings, Investments, General, Bonds, Currency, Economic News, Banking | No Comments »
26. July 2011 by Jim Sutliff.
The U.S. Dollar continued to decline against all major currencies and hit record lows in trading. The uncertainty surrounding debt negotiations between Republicans and Democrats are leading traders to sell the Dollar. In afternoon trading the U.S. Dollar/ Euro exchange went above $1.45. In addition, the stock market lost some ground.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Tax, Stocks, Democrat, Interest Rates, Earnings, Trading, Republican, Political News, Currency, Bonds, Economic News, General, Investments, Banking | No Comments »
1. July 2011 by Jim Sutliff.
The Dow Jones Industrials gained almost 170 points and capped the best week of trading in two years. The gain was a great start for july and the fifth straight day of gains for the Dow Jones. Although trading volume was light, the gains were broad based with five stocks rising for every stock that declined. Investor confidence increased after the release of strong manufacturing data.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/07/01/us-markets-stocks-idUSTRE75512M20110701
Jim Sutliff
Posted in Stocks, Trading, Earnings, Investments, General, Banking, Economic News, Uncategorized | No Comments »
27. June 2011 by Jim Sutliff.
Stocks rebounded in trading on Monday and finished up almost 110 points on the day. Microsoft and Bank of America were two of the market movers that helped to drive the rebound. Microsoft increased 90 cents on the possibility that Windows 8 would be released earlier than expected.
To read a related Wall Street Journal article, please click here:
James Sutliff
Posted in Trading, Earnings, Stocks, Investments, Economic News, General, Banking | No Comments »