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Tuesday, February 14, 2017

The Market And Energy Page, T+25 -- February 14, 2017

Late-Day Trading and Close

Market: will come close to another triple-digit gain in the Dow Jones. Closed up 92 points, to 20,504.

Apple shorts getting squeezed: story here

NYSE
  • new highs, 197: Fiat Chrysler, Raytheon,
  • new lows, 9.
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Mid-Day Trading

Market up an astounding 50 points (Dow Jones) after two consecutive record-setting days.

Apple continues to melt up.

General Motors is considering exiting Europe; could sell Opel division.

Noble to double CAPEX in 2017
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Market Opening

EVs: China's electric vehicle market hits the skids, in The Wall Street Journal.

Market opening: flat, but mid-morning, the Dow is down about 30 points.

WTI: up slightly; at $53.43.

US gasoline exports, from Downstream Today:
  • US gasoline exports hit a record in November, 2016 (most recent month data is available)
  • US gasoline to: Latin America, West Africa, and Asia
  • unusual amounts of gasoline has been moved from PADD1 -- the east coast region; NY harbor
  • but unusual cargo movements out of the US East Coast has not been limited to gasoline
  • distillates to Europe
  • distillate exports from the region are not unprecedented, but Europe's refineries rely on drivers in West Africa and the US East Coast to consume their gasoline
  • overall, the US energy revolution appears to be a real threat to Europe. When the EU can least afford it, it seems 
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Future Astronaut?

Space Capsule

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