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Market in for Big Rebound

 
 
 

GASL, US Market Futures

Market futures are up significantly before the Premarket opens.

Released on Wednesday, February 1, 2017, 6:15 AM ET
by Email Russ UrbanContact SpeculatingStocks

Pittsburgh, PA (SpeculatingStocks) - The market staged a comeback late in the session yesterday with the NASDAQ finishing in the green and the S&P closing down 2 points while the DOW only managed to finish off its lows. The market has had four shaking trading days in a row dating back to last Thursday.

Right now, futures are up over 40 on the DOW, up 25 on the NASDAQ and up 6 on the S&P. This is a pretty decent move in the futures with still a few hours to go before the markets open. It doesn't hurt that the NIKKEI, Shanghai, XETRA, CAC 40 and FTSE 100 are all in the green.



Natural Gas is the biggest commodity mover right now, up over 3%. Watch the Natural Gas Bull 3X ETF (NYSE:GASL) today. With oil staying at elevated, 52-week high levels, it would not be surprising at all to see natural gas and coal both come into play. Another thing to watch is the weather with the 10-day showing several cold nights ahead extending into mid-February, which will increase natural gas demand.

Investors have to be extremely nimble right now with geopolitical events and new policy being made daily. Apple, Inc. (NASDAQ:AAPL) surprised with earnings yesterday with iPhone numbers coming in strong. More earnings in the coming days will illustrate at least one piece of the puzzle to this market.

Check out the new SpeculatingStocks Stock Picks overnight, all solid, seemingly undervalued stocks:

Pipeline Play - Plains All American Pipeline LP (NYSE:PAA)

Mexico Wall Play - Magal Security Systems Ltd (NASDAQ:MAGS)

Sea Bulk Shipping Play - Capital Product Partners LP (NASDAQ:CPLP)

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⇒ About the Author of this News Article:

Russ Urban has been following the stock market for over 17 years and holds a Bachelor's Degree in Finance. From a young age, he watched CNBC with a keen eye and became obsessed with the market and technology. Russ Urban has written hundreds of stock articles and stock picks through the years since he founded SpeculatingStocks.com, Inc. in 2006 and holds strong faith in the power of the markets and capitalism.

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