Wall Street Greek: 2016’s First Stock Market Rally Catalyst

Published January 6

Stocks have been shaken this morning by two issues, the currency adjustment by China and the alleged hydrogen bomb test by North Korea. Before those two events, it seemed stocks would have a catalyst to start a rally due to another critical factor. I believe an important inflection point is being marked now for crude oil inventory, and for a shift in flows toward regular draws from storage to serve as support for stocks possibly as early as later today, and if not, likely by next week. See the full report on 2016's first stock market rally catalyst here.

Sector Security	Early Indication
SPDR S&P 500 (NYSE: SPY)	-1.5%
SPDR Dow Jones (NYSE: DIA)	-1.6%
PowerShares QQQ (Nasdaq: QQQ)	-1.8%
iShares Russell 2000 (NYSE: IWM)	-1.7%
Vanguard Total Stock Market (NYSE: VTI)	NA
United States Oil (NYSE: USO)	-2.9%
iPath S&P GSCI Crude Oil (NYSE: OIL)	-3.8%
Energy Select Sector SPDR (NYSE: XLE)	-2.4%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	-2.9%
Market Vectors Oil Services (NYSE: OIH)	-2.9%
Financial Select Sector SPDR (NYSE: XLF)	-1.8%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).