Don’s Notebook February 7, 2018

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U.S. stock index futures dropped overnight, pulling back from the closing prices yesterday when the DJIA closed up 567 points following two previous selloffs this week.

The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S.

  • Oil inventories have been on a yearlong decline and another dip in today’s report would highlight tightening supply, a trend that has been giving oil prices a lift.
  • The level of inventories are key determination of prices for petroleum products.

VIX Index jumped higher in previous sessions, forcing some products linked to the index to shut down.

Corporate Earnings announcements today include: GlaxoSmithKline, Humana, Michael Kors Holdings, O’Reilly Automotive, Suncor Energy and 21st Century Fox.

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Dr. Don Pratl is Director of Trader Development and Education for TradeStation. He joined TradeStation in 2016 after holding similar roles with other online brokerages. Don’s long career in the financial services industry reflects expertise in administering trading and investment strategy programs for retail investors as well as financial services professionals. Since the 1980s, he has held various positions in areas including CBOE trading floor order execution, marketing, sales, personnel management, training and customer service. Don holds series 3, 4, 7 and 63 FINRA licenses, earned his Ph.D. in Organization and Management, and his M.A. and B.A. in Political Science. He has been an occasional adjunct college instructor since 2004 at a range of institutions, teaching undergraduate, graduate and doctoral students using in-class and online formats.