You see it every day, the crude oil market running in lockstep with the stock market. Even Tuesday I was staring at a screen where the Dow was up 100 points and the S&P was up 11. Oil? Up $3! There's an argument about which asset class is pulling which -- is the stock market moving upwards on oil's back? Or is it the other way around?
Wouldn't it be great if you could look at the oil futures market and be able to see when oil has at least the potential for a big move up, ready to transfer some of that power to the stock market? That's why I'm here. If you're watching CNBC talking about Tuesday's big $3 move, they're talking about the Chinese markets being closed, light volume and a "technical rally" -- they just don't get it. Tuesday's big oil move was all about the oil carry trade, which no one is talking about or seems to understand -- except me and other guys daily engaged in oil trade. The oil carry trade is all about the contango, where the curve of prices in oil get more and more expensive, the further along in time you go. Loading Comments... 1 2 Last » Next ›SHARE:
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Dow Jones S&P 500 NASDAQ 10-Year Note 10,307.13 1,098.96 2,222.41 37.42 Oil * 76.29 UP 38.32 UP 4.09 UP 8.22 UP 0.78 10 Yr 3.74% SPDR Gold 109.10 +0.37% +0.37% +0.37% +2.13% Data delayed 20 minutes More From TheStreet Latest Headlines Top Rated Stocks from TheStreet Ratings if (Math.floor(Math.random() * 100) < 45) { document.write("NEW: Market Data Section"); } else { document.write("Unusual Trading Volume Stocks"); } if (Math.floor(Math.random() * 100) < 45) { document.write("NEW: ETF Research Center"); } else { document.write("NEW: Undergraduate Investor Blog"); } Find returns with the Dividend Calendar if (Math.floor(Math.random() * 100) < 45) { document.write("UPDATED: Top-rated ETFs from TheStreet Ratings"); } else { document.write("UPDATED: Top-rated Mutual Funds from TheStreet Ratings"); } Twitter Facebook RSS Mobile App var config = new Array(); config["videoId"] = null; //the default video loaded into the player config["videoRef"] = 10682600; //the default video loaded into the player by ref id specified in console config["lineupId"] = null; //the default lineup loaded into the player config["playerTag"] = null; //player tag used for identifying this page in brightcove reporting config["autoStart"] = false; //tells the player to start playing video on load config["preloadBackColor"] = "#FFFFFF"; //background color while loading the player /* * set the player's size using the parameters below * to make this player dynamically resizable, set the width and height as a percentage */ config["width"] = 320; config["height"] = 281; /* do not edit these config items */ config["playerId"] = 1119319182; createExperience(config, 8); TSCM.video.Player.isRefId = true; //TSCM.video.Player.deeplink = vidid; See More Videos adsonar_placementId=1341369;adsonar_pid=879768;adsonar_ps=-1;adsonar_zw=320;adsonar_zh=280;adsonar_jv='ads.adsonar.com'; Brokerage Partners YAHOO.util.Event.on(window,"load",function(){ setTimeout(function(){ TSCM.util.attachScript('scr_intellitxt','http://thestreet.us.intellitxt.com/intellitxt/front.asp?ipid=10685'); },1200); }); Sponsored Links var ads = [ { link:"http://www.entrepreneur.com/business-opportunities/index.html?cam=thestreet&cid=Homepagetextlink1109", text:"Be Your Own Boss and Start your Own Business Today!", trk:null }, { link:"http://clk.atdmt.com/TNY/go/175928010/direct/01/", text:"Expect the unexpected in our Clubhouses. 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