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Futures Now: Blog

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  Monday, 4 Feb 2013 | 11:34 AM ET

Why This Week Will Be a Bad One for Oil: Ilczyszyn

Posted By:
Stephen Strathdee | E+ | Getty Images

Energy bulls appear to be confident. According to the weekly Commitment of Traders report, big money and producers have raised their long bets on oil for the seventh week, to a nine-month high.

Nonetheless, crude oil continues to run into the major resistance wall at $98.12, with a $98.15 high on Friday.

Meanwhile, the U.S. dollar index pressed to new swing lows, testing the zone under 79. This will create support for crude oil and other commodities.

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Read More:
Will We See Record Gasoline Prices This Year?
Byron Wien: Sorry Bulls, S&P Ends Year Where It Started
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»Read more
  Friday, 1 Feb 2013 | 12:51 PM ET

What the Jobs Report Means for Bonds: Iuorio

Posted By:

We got the January jobs report, and the headline number was that 157,000 jobs were created.

To me, though, one aspect of the numbers resonates louder than the rest — and it explains why rates are plummeting in the face of decent economic news.

Both the November and December jobs number releases enjoyed significant upward revisions. And the current number was in line with forecasts. Despite those newly discovered jobs, the unemployment rate actually ticked up to 7.9 percent.

»Read more
  Thursday, 31 Jan 2013 | 3:08 PM ET

Byron Wien: Sorry Bulls, S&P Ends Year Where It Started

Posted By:
Wien: I Think A Major Sell-Off In The Works
Legendary investor Byron Wien, vice chairman of Blackstone Advisory Partners, explains why he¿s turning negative on the market, with CNBC's Jackie DeAngelis and the Futures Now Traders.

With the Dow Jones Industrial Average on track for its best January since 1989 and the Standard & Poor's 500 off to its fastest start since 1997, it seems most pros are expecting a banner year.

They say history is on the side of the bulls. When the S&P 500 gained at least 5 percent in January, it has almost always finished the year with a very strong double-digit gain.

Just check out this chart:

Year

Jan Gain

Year Gain

1951

6.02%

16.35%

1954

5.12%

45.02%

1961

6.32%

23.31%

1967

7.82%

20.09%

1975

12.28%

31.55%

1976

11.83%

19.15%

1980

5.76%

25.77%

1985

7.41%

26.33%

1987

13.18%

2.03%

1989

7.11%

27.25%

1997

6.13%

31.01%

Average 24.33%

»Read more
  Thursday, 31 Jan 2013 | 11:32 AM ET

Will We See Record Gasoline Prices This Year?

MIcrozoa | The Image Bank | Getty Images

Commodity traders seemed to be talking about one thing on Thursday - gasoline prices. If the economy is truly improving conventional wisdom would suggest that energy prices as well as prices at the pump should continue higher.

However, on Thursday the price action in the futures contracts called the bullish outlook into question.

By mid-session it appeared that gasoline prices would end their 10-session rally, as traders took profits before the expiration of the February contract.

Seasonal refinery maintenance has tightened supply and driven gasoline prices up sharply in the past two weeks, with gasoline futures settling at an all-time high for January of $3.0315 a gallon Wednesday.

"We were due for a pullback in gasoline," said Jim Ritterbusch of Ritterbusch & Associates. "We had a huge price spike, and now we're seeing a little correction."

Now what?

Tell us what you think by voting in our Futures Now poll.

»Read more
  Thursday, 31 Jan 2013 | 11:03 AM ET

Why the S&P Is Set to Sell Off: Iuorio

Posted By:
Getty Images
Traders work on the floor of the New York Stock Exchange on December 10, 2012 in New York City.

Wednesday's mild equity sell-off has created some concerns regarding the strength of the current rally.

It's important to keep one's perspective in the face of what could be a very healthy pull-back that creates buying opportunities at attractive prices.

If S&P futures trade below 1490, I will consider it a signal that the correction is on. The first downside objective would be 1472, where market should find some support.

»Read more
  Wednesday, 30 Jan 2013 | 12:24 PM ET

Short Oil Traders Continue to Feel The Pain: Ilczyszyn

Posted By:

Crude oil has extended to new highs reaching $98 and seeming to attempt to reach out next target at $98.79. You must follow the U.S. dollar with Wednesday's data in order to trade crude oil.

Additionally, with equities on the war path, higher crude should follow suit. This market will remain bullish all the way down to $93 and I can see a healthy consolidation above that level.

»Read more
  Wednesday, 30 Jan 2013 | 12:21 PM ET

Copper Feels Like It’s Breaking Out: Iuorio

Posted By:

Last week I talked about a potential breakout in copper and this morning it appears that it received the push it needed to trade higher.

It's interesting that last week's positive data out of China was not the catalyst to move copper out of its current range, but instead it was Caterpillar's positive comments regarding the domestic housing market.


»Read more
  Tuesday, 29 Jan 2013 | 5:04 PM ET

Douglas Kass: The Stock Market Is Hitting Its Top

Posted By:

The stock market continues to rally, with the Dow Jones Industrial Average marching toward the 14,000 level, but strategist Douglas Kass said Tuesday that the highs for the year may be in.



»Read more
  Monday, 28 Jan 2013 | 4:16 PM ET

Expect Crude Rally to Continue: Futures Pros

Posted By:

As Brent crude oil traded near three-month highs of around $113 a barrel on Monday, some futures traders expressed optimism that crude prices would continue to push higher.


»Read more
  Monday, 28 Jan 2013 | 2:28 PM ET

Bond Yields Jump May Herald End of 'Risk-Off'

Posted By:
Futures Now: Trouble For Treasuries?
The Futures Now team weigh in on what's causing the sell-off in Treasuries and whether the bond rally is over.

With stubbornly low U.S. bond yields now on the rise as stocks rally, market players are wondering if the end is nigh for risk-averse trades.

From the trading floors in Chicago and New York, debate among professional traders is now revolving around whether signs of an improved U.S. economy have prompted investors to buy higher-yielding, "riskier" stocks.

»Read more

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