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Tag: Pattern
NOAA releases outlook for February, active weather pattern expected
Peoria, Ill. (WMBD) — The month of January was a cold month, and while we received snow on 11 days of the month, we only managed to pick up 5.3 inches of snow putting us more than 2.0 inches below average bringing our seasonal snowfall deficit to more than 8 inches. The start of February doesn’t look as cold as January, but all signs point to a fairly active month of weather.
NOAA’s February Outlook
Weak La Niña conditions are present across the eastern Pacific Ocean and this is expected to have a big influence on the weather pattern across North America over the next month or two. While specific details such as how cold we’ll get or how much snow we’ll see are unknown, NOAA’s predictions are based on probabilities; they tell us what our chances are of being near, above, or below average when it comes to temperatures and precipitation.
Temperature Outlook
Their outlook for calls for greater chances of above average temperatures across the south, Ohio River Valley, and New England while saying there’s a better chance for temperatures to be below average across the northern U.S. In Central Illinois the forecast is more uncertain and they give us an “Equal Chance” of experiencing near average, above average, or below average temperatures. While this is a complicated way of saying they don’t know what will happen in the end, it does suggest we could be in for some big fluctuations in temperature throughout the month.Precipitation Outlook
NOAA has a little more confidence in this forecast and calls for greater chances of above average precipitation across the Pacific Northwest and the Midwest, including Central Illinois, while chances for below average precipitation are higher across the deep south. This is the pattern that is fairly typical for La Niña winters.It’s important to note that this does not mean we will experience above average snowfall. It just means that precipitation as a whole is more likely to end up above average. It appears the storm track is going to be quite active through the month of February which will likely lead to everything from snow and freezing rain to thunderstorms throughout the Midwest, and this forecast very much references that.
As an interesting side note…
Seven of our top 10 snowiest Februarys have all occurred since 2007. Out of those seven, four of those occurred during La Niña winters. Those La Niñas were generally moderate to strong while this year’s La Niña has been weak. Is there a correlation or just coincidence? To answer that is going to take a more thorough study to figure it out, but it is an interesting observation.Top 10 Snowiest Februarys on Record
Year
Observed Snowfall
La Niña
El Niño
Neutral
Unknown
2014
22.9 Inches
√
2011
20.9 Inches
√ (Strong)
2022
19.2 Inches
√ (Moderate)
2010
18.3 Inches
√ (Moderate)
2008
17.0 Inches
√ (Strong)
1893
16.5 Inches
√
1989
15.2 Inches
√ (Strong)
2021
14.7 Inches
√ (Moderate)
1986
13.9 Inches
√
2007
13.3 Inches
√ (Weak)
NOAA’s Early Spring Outlook
With Gertie and Phil’s predictions just a few days away, here’s NOAA’s thoughts on the next few months. Their three month outlook that runs from February through April carries much of the same themes we’re seeing in February, greater chances for above average precipitation across the Midwest and an uncertain temperature outlook.
Guidance suggest that Central Illinois could be in for an active Spring and it wouldn’t be surprising if we have an active severe weather season. La Niña will be on it’s way out this spring and studies have shown that parts of the Midwest as well as the southeast tend to see above average severe weather seasons during the transition.
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The National Oceanic and Atmospheric Administration (NOAA) has just released their outlook for the month of February, and it looks like we can expect an active weather pattern ahead.According to NOAA, there is a high likelihood of above-average precipitation across much of the country, with the potential for heavy rain and snowfall in many regions. This could lead to an increased risk of flooding, especially in areas already saturated from previous storms.
In addition to the wet weather, NOAA is also predicting a continuation of the unsettled conditions that have been plaguing much of the country in recent weeks. This could mean more frequent bouts of severe weather, including thunderstorms, high winds, and possibly even some winter storms in parts of the country.
As always, it’s important to stay informed and prepared for whatever Mother Nature may throw our way. Be sure to keep an eye on local weather forecasts and heed any warnings or advisories issued by NOAA and other official sources.
Stay safe out there, and let’s all hope for a smoother ride through February’s wild weather!
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Stock Market Highlights: Nifty breaks bearish pattern, eyes 23,800 upside level. How to trade on Budget Day
A long bull candle was formed on the daily chart that has surpassed the hurdle of 23,400 levels and closed higher. Technically, this market action indicates a significant change in trend and signals the emergence of strong upside momentum.The bearish pattern of lower tops and bottoms of the last month seems to have reversed, as Nifty closed above the recent lower top of 21st Jan at 23,426 levels. This is a bullish development and eventually, we could see the formation of bullish higher tops and bottoms. The underlying trend of Nifty remains strong. Having surpassed the hurdle of 23,500 levels, bulls could advance towards another resistance of 23,800 levels in a short period of time. Immediate support is at 23,400 levels, said Nagaraj Shetti.
In the open interest (OI) data, the highest OI on the call side was observed at 23,500 and 23,600 strike prices, while on the put side, the highest OI was at 23,500 strike price followed by 23,400.
Stock Market Highlights: Nifty breaks bearish pattern, eyes 23,800 upside level. How to trade on Budget DayThe stock market has been full of surprises lately, with the Nifty breaking out of its bearish pattern and now eyeing the 23,800 upside level. Traders and investors are eagerly waiting to see how the market will react on Budget Day, which is always a significant event for the stock market.
If you are looking to trade on Budget Day, here are a few tips to keep in mind:
1. Stay informed: Make sure you are up to date with the latest news and updates related to the budget and its potential impact on the stock market. This will help you make informed trading decisions.
2. Have a plan: Before the market opens on Budget Day, have a clear plan in place for your trades. Decide on your entry and exit points, as well as your stop-loss levels.
3. Manage your risk: Trading on Budget Day can be highly volatile, so it is important to manage your risk effectively. Only trade with money that you can afford to lose and use proper risk management techniques.
4. Keep an eye on Nifty levels: As the Nifty is eyeing the 23,800 upside level, pay close attention to how the index behaves throughout the day. This can give you valuable insights into market sentiment.
5. Be prepared for volatility: Budget Day is known for its volatility, so be prepared for sudden price swings and unexpected movements in the market. Stay calm and stick to your trading plan.
Overall, trading on Budget Day can be an exciting opportunity for traders, but it is important to approach it with caution and proper risk management. By staying informed, having a plan, and managing your risk effectively, you can navigate the market with confidence. Good luck!
Tags:
Stock Market Highlights, Nifty, bearish pattern, 23,800 upside level, Budget Day trading, trade on Budget Day, stock market analysis, market trends, stock trading strategies, investing tips
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