Tag Archive for Rebound

U.S. Natural Gas Weekly – May 4, 2012 | Tainted Alpha

May 4th, 2012 by Belisarius (For The Week Ending April 27, 2012) Total collapse because of oversupply this winter followed by a rebound in recent weeks. Working gas in storage rose 28 Bcf from previous week. Consensus was at 29 Bcf. Storage level is massive 810 Bcf higher than same time year ago and way above 5-year average. Abundance…

Lots of Conomic Data Releases, All Of Them Misleading

There’s been lots of conomic data over the past couple of days. I covered the NAHB builder survey yesterday. Regardless of the fact that the housing market is at pathetic levels historically, the builder data showed the rebound off the lows to be on track. Today, the government released data on housing starts to add…

Treasury Market About Face- Just a Blip or Sign of Things To Come?

I mentioned in my last free report that the bulge in withholding tax collections which may have been a tipoff to the better than expected payrolls data, had subsided. I took another look at the data today, and there’s been no rebound since I posted that report. On top of that, yesterday the Treasury announced…

Market Sells Off At Open, Hits Prior Pivot Support, But Looks Lower

SPX (cash) tanked on the open in NY after hitting its 2 day cycle projection late Thursday. The gap down triggered sell signals on 2 and 5 day cycle oscillators. These indicators had negative divergences versus the SPX double top at about 1296.50 near Thursday’s close and early Tuesday. The new 2 day cycle projection…