Market Sentiment Watch: ADP employment came in at – 254K vs Action Economics’s forecast for ADP of -170K and last month’s reading of -298K. The second quarter GDP revision came in at down 0.7% vs a forecast of -1.2% and the last read of -1.0%. We will get a look at the Chicago PMI 15 […]
The EIA released their 914 (gross withdrawals) data and their Natural Gas Monthly with data for the month of July 2009 today. Each month we prepare a slide show highlighting the key moving pieces of this of the U.S. natural gas production picture. Each month this year, we along with many analysts and traders have […]
IPAA’s Oil and Gas Investment Symposium starts today (see notes below). The markets are giving back some gains this morning as the dollar tries to make another small move higher. Natural gas in particular is moving lower ahead of the EIA’s supply data release (either today or tomorrow) and all movement before those numbers […]
The Week Ahead: Slow start, then a deluge of data Monday 9/28: No Economic data scheduled Tuesday 9/29: IPAA OGIS San Francisco Begin (see below), Case Shiller home prices, Consumer Confidence (57 expected vs 54.1 last read), Wednesday 9/30: EIA Oil Inventory Report, EIA Natural Gas Supply Update (for July), ADP employment, GDP revision for […]
Holdings Watch: $10KP: 15,000 40% Cash Last Week’s Closed Trades: DPTR – Sold 50 (all) of the $2 October Puts (QHRVI) for $0.30, up 86%, with the stock falling through $2. DPTR – Sold the $3 Puts (QHRVJ) for $0.90, up 46%, on the mid with the stock stuck at $2.25. I continue to […]
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