Archive for July 29th, 2010

Initial Jobless Claims At 457.000; Down 11.000

Initial jobless claims were reported at 457.000. The consensus was at 460.000, last week revised reading was at 468.000. Again, stubbornly high…. Chart 1. U.S. Initial Jobless Claims

Lower Highs, Higher Lows

This is supposed to be bearish. Chart 1. S&P 500

U.S. Petroleum Weekly – July 29, 2010

Crude oil stocks rose 7.3 million barrels for week ending July 16; Gasoline stocks remained unchanged; Distillate stocks increased  0.9 million barrels; Propane/propylene stocks rose 0.5 million barrels; Total crude oil and petroleum stocks were 9.0 million barrels higher than the week before. Refinery utilization fell from 91.5% to 90.6%. Implied crude oil demand was […]


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