Here’s how Direxion ETFs can help you cut your losses and generate alpha. Take a closer look at the S&P 500 and key indicators from the first half of 2019.
Summer months have a tendency to be unfavorable for the stock market. Empirical evidence has shown that average returns for the S&P 500 are negative during summer months.
US gasoline inventories The U.S. Energy Information Administration reported that US gasoline inventories rose 35,000 barrels to 229.9 MMbbls (million barrels) between August 18 and 25, 2017. Inventories fell 2.1 MMbbls, or 0.9%, from the same period in 2016. For the third time in five weeks, inventories rose. A market survey estimated that US gasoline […]
The US Commodity Futures Trading Commission reported on Friday, August 25, that hedge funds have cut back their bullish positions in US crude futures and options.
As of August 14, Southwestern Energy’s total shares shorted (or short interest) stood at ~45.89 million, while its average daily volume is ~17.44 million.
As of August 14, 2017, Marathon Oil’s total shares shorted (or short interest) stood at ~36.65 million, while its average daily volume is ~15.94 million.
Short interest in COP On August 14, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~33.4 million, while its average daily volume was ~8.02 million. This means the short interest ratio for COP’s stock was ~4.6x. COP’s average daily volume is calculated for the short interest reporting period from August 1, 2017, […]
The EIA (U.S. Energy Information Administration) estimates that Saudi Arabia’s crude oil production rose by 50,000 bpd (barrels per day) to 10.20 MMbpd (million barrels per day) in July 2017 compared to the previous month.
As of July 14, 2017, Southwestern Energy’s (SWN) total shares shorted (or short interest) stood at ~49.5 million, whereas its average daily volume was ~18.4 million.
As of July 14, 2017, Cobalt International Energy’s (CIE) total shares shorted (or short interest) was 4.37 million, whereas its average daily volume is 1.03 million.
On July 14, 2017, Occidental Petroleum’s (OXY) total shares shorted (or short interest) stood at ~10.9 million, and its average daily volume was ~4.8 million.
The EIA (US Energy Information Administration) estimates that US gasoline demand rose 1.5% to 9.6 MMbpd (million barrels per day) in May 2017 compared to May 2016.
As of July 14, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~31.48 million, whereas its average daily volume is ~5.91 million.
Short interest in Occidental Petroleum’s stock On June 30, 2017, Occidental Petroleum’s (OXY) short interest stood at ~10.5 million, and its average daily volume was ~5.3 million, meaning that its short interest ratio was ~2.0x. The average daily volume was based on the volume between June 16 and June 30, 2017 Occidental Petroleum’s short interest ratio […]
As of June 30, 2017, Devon Energy’s (DVN) total shares shorted (or short interest) stood at ~10.4 million, whereas its average daily volume was ~5.9 million.
As of June 30, 2017, Marathon Oil’s (MRO) total shares shorted (or short interest) stood at ~51.7 million, whereas its average daily volume was ~15.1 million.
On March 31, 2017, 1,282 13F filers held ConocoPhillips (COP) stock in their portfolios. However, only 19 filers featured COP in their top ten holdings.
Short interest in Encana’s stock As of July 15, 2017, Encana’s (ECA) short interest stood at ~15.3 million, which was ~13% lower than a month prior. The short interest ratio in Encana’s stock is ~1.4. Its 52-week short interest ratio range is 0.7x–2.0x. The current short interest in Encana’s stock as a percentage of shares outstanding is […]
As of June 14, 2017, Marathon Oil’s (MRO) total shares shorted (or short interest) stood at ~46.89 million, whereas its average daily volume is ~14.34 million.
The EIA (U.S. Energy Information Administration) estimates that weekly US gasoline demand rose by 547,000 bpd or 6% to 9,816,000 bpd on June 9–16, 2017.
The Commodity Futures Trading Commission reported that hedge funds decreased their net long positions in US crude oil futures and options on June 13–20.
A recent survey estimated that inventories at Cushing could have fallen on June 2–9, 2017. Inventories at Cushing fell for the seventh time in ten weeks.
Baker Hughes released its weekly US crude oil rig count report on June 2. US crude oil rig counts rose by 11 to 733 between May 26, 2017, and June 2, 2017.
On May 15, 2017, Kosmos Energy’s (KOS) total shares shorted (or short interest) stood at ~32.4 million, and its average daily volume was ~14.3 million.
On May 16, 2017, the API released its weekly crude oil inventory report. US crude oil inventories rose by 0.8 MMbbls (million barrels) on May 5–12, 2017.
As of April 13, 2017, Cobalt’s (CIE) total shares shorted (or short interest) stood at ~78.5 million, as compared to its average daily volume of ~11.9 million.
June gasoline futures contracts rose 1.3% to $1.53 per gallon on May 3, 2017. Prices rose due to the less-than-expected rise in US gasoline inventories.
The EIA (U.S. Energy Information Administration) estimated that four-week average US gasoline demand fell by 80,000 bpd to 9,237,000 bpd on April 14–21.
The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 13,000 bpd (barrels per day) to 9,265,000 bpd on April 14–21.
The EIA estimates that OECD’s crude oil inventories fell by 7.69 MMbbls (million barrels) to 2,977 MMbbls in March 2017—compared to the previous month.
Gasoline futures contracts for May delivery fell 3% to $1.65 per gallon on April 19, 2017. Prices fell due to the surprise build in US gasoline inventories.
On March 31, 2017, Cobalt International Energy’s (CIE) total shares shorted (or short interest) stood at ~72.1 million, whereas its average daily volume was ~11.7 million.
The EIA (U.S. Energy Information Administration) reported that US gasoline inventories fell 2.9 MMbbls (million barrels) to 236.1 MMbbls between March 31, 2017, and April 7, 2017.
As of March 23, 2017, Cobalt International Energy’s (CIE) total shares shorted (or short interest) was ~66.3 million. Its average daily volume was ~9.4 million.
As of March 15, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~15.9 million, whereas its average daily volume was ~7.7 million.
The API estimated that US gasoline inventories fell by 1.1 MMbbls from March 17–24, 2017. US distillate inventories fell by 2 MMbbls during the same period.
On March 21, 2017, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 4.5 MMbbls from March 10–17.
On February 28, 2017, Encana’s (ECA) short interest stood at ~18.2 million, and its average daily volume was ~11.4 million. The short interest ratio for ECA stock is ~1.6x.
As of February 28, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) was ~13.2 million. The short interest ratio for COP stock is ~1.8x.
On February 15, 2017, Marathon Oil’s (MRO) total shares shorted (or short interest) stood at ~49.4 million, whereas its average daily volume was ~11.8 million.
The EIA (U.S. Energy Information Administration) reported that US crude oil production rose by 24,000 bpd (barrels per day) to 9,001,000 bpd between February 10 and February 17, 2017.
On February 22, the API released its weekly crude oil inventory report. It reported that US crude oil inventories fell by 0.88 MMbbls from February 10–17.
On January 31, 2017, Marathon Oil’s (MRO) total shares shorted, or its short interest, stood at ~45.3 million. Its average daily volume was ~8.9 million on the same day.
Market surveys estimate that Cushing crude oil inventories fell from February 10 to 17, 2017. A fall in crude oil inventories at Cushing could support US crude oil prices.
As of January 31, 2017, ConocoPhillips’s (COP) total shares shorted (or short interest) stood at ~14.3 million. Its average daily volume was ~6.0 million.
Crude oil prices rose between November 15 and December 28, 2016, due to the expectation that major oil producers’ production cuts would curb oversupply.
