The Energy Report: With Brent Crude trading at about US$110 per barrel (bbl) and natural gas futures trading at 10-year lows, are you leaning more heavily toward oily names than you did in 2011?
Luc Mageau: Absolutely. In fact, although gas prices have been reduced to around the $2.50 level, it still seems like the picture could get worse before it gets better. Current natural gas storage is at ~3.5 trillion cubic feet (Tcf); that’s a full 0.4 Tcf fuller than an average winter. The reason we have such a glut of gas is the winter has not been co-operating.

One of the main activities that trip up traders, especially new traders, is the concept of continual price movement in one direction without meaningful pullbacks – also known as “powerful trends,” “creeper trends,” or “positive feedback loops.”

Let’s take a look at the current situation and put it in the context of prior S&P 500 day-over-day one directional movement.

First, the hourly S&P 500 pure price chart:

By the GoldAndOilGuy
It’s that time of year again and I’m not talking about the holiday season… What I am talking about is another major market correction which has been starting to unfold over the past couple weeks.

Peace On Earth and Goodwill Toward All Men Women and Children!
All of us at Invest2Success wish you and yours a very Merry Christmas.

crude futures: -10.66
Russell futures: none
Gold futures: none
Dow Futures: none
Stocks: +30
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net: +19.34
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Only 3 trades this week. Boring.