Bryan Leighton's Blog Posts Tagged 'USO' (34)

Gasoline Alert

This morning, the United States Gasoline Fund (NYSEARCA:UGA) is once again trading higher. The UGA is climbing by 0.97 cents to $58.09 a share. The move today in the UGA puts it at a new three year high. Gasoline prices at the pump have steadily increased since late December 2011. The average price of regular unleaded gasoline in the United States is now $3.89 a gallon. Many parts of the country are paying much higher prices, California residents are paying $4.51 a gallon on average.…

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Added by Bryan Leighton on March 23, 2012 at 10:26am — No Comments

The Dollar Dips Again After The Opening Bell

Nearly every trading session when the U.S. Dollar Index futures (DX-M2) are stronger before the opening bell at the New York Stock Exchange (NYSE) they will sell off after the open. Yesterday, and today are perfect examples of this phenomenon. Obviously, we should all know by now that a weaker dollar will ultimately help to inflate the stock markets higher. The extremely light trading volume is usually bullish for the stock markets as there are simply no sellers in the marketplace.…

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Added by Bryan Leighton on March 21, 2012 at 11:00am — No Comments

Gasoline Prices Remain The Hottest Asset Class

Since late December 2011, the major stock indexes have surged sharply higher. While the stock market rallies and inflates higher, oil and gasoline have also been in rally mode. This morning, the United States Gasoline Fund (NYSEARCA:UGA) is trading lower by 0.15 cents to $57.59 a share. The price of gasoline is now being watched by many investors as something that could disrupt the current stock market rally. The average price of gasoline in the United States is now $3.84 a gallon for…

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Added by Bryan Leighton on March 19, 2012 at 10:34am — No Comments

Gasoline Remains On Fire

This morning, the United States Gasoline Fund (NYSEARCA:UGA) is trading higher by 0.08 cents to $57.19 a share. The UGA is just $1.00 shy of last weeks 52 week high of $58.16 a share. Short term traders should watch for intra-day resistance around the $57.50 area. Should the UGA pullback intra-day, the $56.80 level will be short term support. The UGA remains very strong on the daily chart at this time.



Investors must remember that high gasoline prices are a…

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Added by Bryan Leighton on March 13, 2012 at 10:19am — No Comments

Energy Retreats Early And Here Is Why

This morning, spot oil and many of the leading energy stocks are pulling back. As you know, oil has been surging higher since mid-December 2011. Yesterday, oil spiked higher after a false report cited a fire in a Saudi Arabian oil field. While geopolitical events and weather can effect energy prices, it is usually the weaker U.S. Dollar that will cause energy and most other commodities to rise. Today, spot crude is declining lower by $1.38 to $107.36 a barrel. Please note the U.S.…

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Added by Bryan Leighton on March 2, 2012 at 11:58am — No Comments

Oil Service Stocks Are Lagging Crude

Crude oil has been surging higher as of late. On December 16, 2011 light sweet crude was trading as low as $92.52 a share. A few days ago crude traded near $110.00 a barrel. This morning, the highly followed and traded United States Oil Fund (NYSEARCA:USO) is trading higher by 0.30 cents to $41.22 share. Oil remains in a very strong uptrend on the daily charts at this time.



It is important to note that the Oil Service Holders Trust (NYSEARCA:OIH) is lagging the…

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Added by Bryan Leighton on March 1, 2012 at 11:00am — No Comments

Gasoline On Fire

This morning, the United States Gasoline Fund (NYSEARCA:UGA) is trading higher by 0.45 cents to $55.50 a share. This tells us that gasoline prices at the pump are going to be higher if you have not noticed already. The average price for a gallon of regular gasoline in the United States is $3.57 according to AAA. High gasoline prices are a direct tax on the U.S. consumer. It is always important to remember that consumer spending accounts for roughly 70.0 percent of the gross domestic…

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Added by Bryan Leighton on February 21, 2012 at 10:13am — No Comments

High Gasoline Prices Will Come Back To Haunt Us

While many people are rejoicing over the recent inflation rally they may want to look at the price of gasoline. The United States Gasoline Fund (NYSEARCA:UGA) has surged higher with the stock market since December 19, 2011. At that time, the UGA was trading as low as $45.17 a share. This morning, the UGA is trading at $54.53 a share. That is a gain of $9.36 a share in just eight weeks. The average price for regular unleaded gasoline at the pump is now $3.51 a gallon in the United…

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Added by Bryan Leighton on February 14, 2012 at 10:26am — No Comments

Falling U.S. Dollar Inflates Markets

This afternoon, the Federal Reserve Bank announced that they will keep the fed funds rate at zero to a quarter percent until the end of 2014. This statement by the central bank has caused the U.S. Dollar Index to plummet intra-day. As we all know by now, when the dollar dips the markets flip. Everything in the market has rallied higher. Gold, silver, copper, oil, and just about every other commodity has soared since the announcement. The SPDR Gold Shares (NYSE:GLD) have jumped higher…

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Added by Bryan Leighton on January 25, 2012 at 4:00pm — No Comments

Weaker Dollar Is Lifting Commodities Higher

The U.S. Dollar Index is still the driving force behind every commodity move. This morning, the U.S. Dollar Index futures (DX H2) are trading lower by 0.53 cents to $79.69 per contract. When the U.S. Dollar Index declines it will usually mean that most every commodity will trade higher. That is certainly the case this morning as oil, copper, soybeans, wheat, rice, gold, and silver are all on the rise.



Traders can easily see the price of the iPath Dow Jones-UBS…

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Added by Bryan Leighton on January 23, 2012 at 10:43am — No Comments

Mixed Data As Markets Ready For Next Major Move

The stock markets are flat today after mixed data across the globe. Overnight, China gave the futures a push after reports showed inflation cooled slightly. The consumer price index rose 4.1% in December in China. Overnight, the Dow Futures had been higher by over 100 points. This morning the ECB disappointed the markets when they held interest rates at 1%. Traders had been hoping for a more dovish ECB. At 8:30am ET, Jobless Claims were reported at 399,000. This was a jump from last week and…

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Added by Bryan Leighton on January 12, 2012 at 12:42pm — No Comments

Forget Supply And Demand, Trade The Central Banks

Does supply and demand even matter any longer? Just think about it for a minute, it is really the central bank's policy that really moves the market. Just look at Alcoa (NYSE:AA) today, the company missed its earnings estimate and the stock is still inflating higher after the Chinese government basically said that they will push investors to buy stocks. This stuff can't be made up. This action by the Chinese government comes as the Shanghai Index was plummeting throughout most of 2011.…

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Added by Bryan Leighton on January 10, 2012 at 10:56am — No Comments

Stock Market Action: Natural Gas On Radar

After some early selling, the markets have floated back to the positive side. This is not surprising as light volume plays a key role in an up market. In addition, the S&P 500 broke out of a triangular range yesterday. This means further upside in the next week is likely. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $127.58, +0.09 (+0.07%). The action today is known as consolidation. This is also a bullish signal for the next week with an upside SPY target of…

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Added by Bryan Leighton on January 4, 2012 at 12:54pm — No Comments

Oil Breaks Out And Is Positive For Stock Market

The stock market continues to rejoice in the new year. The S&P 500, Dow Jones Industrial Average and NASDAQ are all sharply higher on the day. The upside is being fueled by optimism on the global economy. This is mainly stemming from Europe. As the Euro gains traction, the Dollar has fallen sharply. The weakness in the Dollar is helping commodities push higher. Oil is having a monster day with the United States Oil Fund LP (ETF) (NYSEARCA:USO) trading at $39.45, +1.34 (+3.52%). This big…

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Added by Bryan Leighton on January 3, 2012 at 2:15pm — No Comments

$100 Oil Will Eventually Hurt The U.S. Economy Again

WTI oil has now traded above $90.00 a barrel since late October 2011. While high energy prices used to signal global economic demand and strength; it is still a direct tax on consumers. These days high oil is affected by geopolitical events, weather, and the obvious action in the U.S. Dollar Index. At this time, oil has a war premium built in due to the Iranian threats and sanctions in the Middle East. Since 2008, whenever oil has traded around the $100.00 level for any considerable…

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Added by Bryan Leighton on January 3, 2012 at 10:20am — 1 Comment

Commodities Crash: Buy Levels Revealed

The markets are down again today. The selling is not massive but it is the third drop in a row. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $121.79, -1.32 (-1.07%). The big driver to the downside today is clearly commodities. Almost every single commodity is dumping sharply. Everything from oil to gold and silver. While these drops are massive, smart investors and traders are starting to look for the buy level.



Oil is coming off a massive run-up recently. The United…

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Added by Bryan Leighton on December 14, 2011 at 12:34pm — No Comments

High Oil Will Eventually Hurt The Markets

This morning, the price of WTI crude is trading above $102.00 a barrel. Normally, during the holiday season the price of oil will usually increase and trade higher. This is a time when people will begin to travel more by air and car. It is also the start of the winter heating season as temperatures begin to drop in North America and Europe. The big question that many investors are asking themselves is how high will oil trade before the price becomes a negative on the…

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Added by Bryan Leighton on December 5, 2011 at 11:04am — No Comments

Analysis: Solar Stocks Have Reached A Bottom

The solar sector is finally participating in a rally. Throughout 2011, the solar stocks have fallen, even during great market moves to the upside. The obvious issue has been margin pressure and the problems in Europe. Europe has long been one of the biggest buyers of solar energy. Austerity measures have meant major cutbacks in solar installations. In addition, overproduction of solar cells from China have caused major price cuts. Prices of solar panels have fallen off a cliff in 2011 and…

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Added by Bryan Leighton on November 30, 2011 at 12:36pm — No Comments

Natural Gas The Next Double

Natural gas has made a bottom. This bottom is likely a much longer term bottom. Price may double and even eventually triple. This move up coming in natural gas is partly fundamental and partly technical. It will be discussed below.



Natural gas is trading at a major discount to oil. Oil continues to hover around the $100 a barrel level. As oil has surged over the last few months, natural gas has fallen. This divergence in price movement should reverse and oil continues to pull back…

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Added by Bryan Leighton on November 21, 2011 at 12:31pm — No Comments

Solar, Natural Gas Alert Dead On

Yesterday, an article was published from yours truly discussing the recent massive move up in oil. The United States Oil Fund LP (ETF) (NYSEARCA:USO)  had jumped over 30% in the last six weeks. The article discussed how money flow would start to cycle away from oil as the easy money had already been made and focus on natural gas and alternate energy like beaten down solar stocks. View article…

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Added by Bryan Leighton on November 17, 2011 at 11:39am — No Comments

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