EIA Natural Gas Report

11-21-2013 3-18-05 PMOn the the E-mini S&P, the opening price was (1784.25). The day’s high price at (1795.50) was reached at 3:20 p.m. US/Eastern Time. Today, the low price (1783.50) was hit about 5 minutes after the market opening. Each week, the Energy Information Administration (EIA) gives a report on natural gas stocks in underground storage for the U.S. and three regions of the country. This is important information for investors because prices for natural gas products are determined based on the level of inventories. In this week’s report, there was a drop of 45 billion cubic feet leaving 3,789 bcf of natural gas in inventories in the week of November 15. The expectation this week was a draw of about 35 bcf. This report has little or no impact on the market.

Chain Store Sales

11-7-2013 5-40-53 PMToday, the opening price on the E-mini S&P was (1770.75). The day’s high price (1771.25) was hit at 9:50 a.m. US/Eastern time. The day’s low was (1742.25) at 3:55 p.m. US/Eastern time. Chain-store sales are mostly positive, but not by much. Compared to September, slightly more chains are reporting higher year-on-year sales rates in October, which appears to have gotten a lift from cold weather that boosted demand for seasonal goods. But the government shutdown was a negative, holding down spending in the first half of the month. The weekly chain-store reports have been mixed with slight monthly strength to weakness. Vehicle sales posted by manufacturers on last week’s calendar is another indication that October retail sales are flat. The October retail sales report was delayed slightly by last month’s government shutdown and will be posted on November 20.

Crude Oil Prices

10-21-2013 chart2The opening price on the E-mini S&P today was (1739.25). The lowest price of the day was (1734.75) at 2:25 p.m. Eastern time. The day’s high was hit at 10:05 a.m. Eastern time of (1742.50). In the week of October 11 oil inventories rose by 4.0 million barrels to 374.5 million. Oil imports remain steady at an 8.0 million barrel per day rate in the week. With the seasonal slow down, refineries are operating at 86.2 percent capacity vs. the low 90 percent rates during the summer. Gasoline and distillate inventories are down 2.6 million and 1.8 million barrels in the week respectively. With oil prices at the $100 level per barrel, it is now moving slightly slower following today’s report.

Economic Calendar

10-18-2013 chart2Today the opening price on the E-mini S&P was (1733.75). The day’s low was (1730.25) at 10:35 a.m Eastern time. The day’s high of (1740.25) was reached at 2:50 p.m. Eastern time. On the Bloomberg Economic Calendar today, there were no significant reports that would indicate any major market movement. In the morning, Richmond Federal Reserve Bank President Jeffrey Lacker gave a speech where he spoke on the issue of “too big to fail” for financial institutions. He said it would be a “daunting” task to develop a resolution plan for allowing big banks to fail. Later in the day New York Fed President William Dudley was scheduled to speak; however, he did not address monetary policy.

The LIFFE Exchange

1017chart2The E-mini S&P opened at (1708), which was the lowest price today. The days high of (1728.75) was reached at 4:35 p.m Eastern time. The LIFFE (London International Financial Futures Exchange), is a futures exchange based in London. It’s pronounced like the word “Life”. Since 2007, LIFFE has been a part of NYSE Euronext. Traders place trades from open outcry trading pits, using a variety of hand signals to communicate desired contract prices and quantities just like the CME. The FTSE markets are among it’s most popular derivatives. The operational times of the LIFFE Exchange are equivalent to 3:00 a.m. to 11:30 a.m. US/Eastern. The LIFFE is worthy of attention because it influences markets related to the Euro.