May Silver has been in an upward trend since confirming the bullish TR pattern in February. The market reached a high of 17.55 before trading lower into the minor reversal swing date on March 9. The pullback stopped at support provided by the median line as well as the 20-day SMA and upward sloping parallel… read more
Monthly Archives: March 2010
Reaction swing triggers sell for may Soybeans. [chart]
Wednesday’s rally was stopped by the 20- day SMA and the downward sloping parallel line. The market turned lower and broke below the $9.35 support to trigger a sell signal. This portends a drop to the descending median line and a test of the previous low of $9.11.… read more
Export sales [3/11/2010]
U.S. exports dipped 0.3 percent, reflecting weaker sales of a wide variety of products from civilian aircraft and machinery to agricultural products. But imports dropped by a larger 1.7 percent as both oil and foreign cars saw big declines.… read more
U.S. trade Balance [3/11/2010]
WASHINGTON (AP) — The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad. The Commerce Department said that the trade deficit declined to $37.3… read more
Initial Jobless Claims [3/11/2010]
03/11 07:30 CST RPT-TABLE-U.S. jobless claims fell in latest week 3-11-2010 08:30 RPT-TABLE-U.S. jobless claims fell in latest week (repeats for additional subscribers) claims, seasonally adjusted. Uemployment Week Ended: Initial Claims/ 4-Week Avg. /Continued Claims rate (pct) 03/06/10: 462,000/ 475,500/ NA/ NA 02/27/10: 468,000-R/ 470,500-R/ 4,558,000/ 3.5 02/20/10: 498,000/ 474,250/ 4,521,000-R/ 3.5 02/13/10: 474,000/ 467,750/… read more
EC and JY Trade Signals By the Top Option Trader
Login to the Top Option Trader program to review trade details on the new Japanese Yen and Euro Currency trade signals generated today, or call 800-521-0705.… read more
March ES Sell reco. Update [3/10/2010]
For those of you that took the mini S&P trade recomendation that was posted yesterday 3/9/2010 the entry price at 1146.00 was triggered and the protective stop should be place at 1151.0 . However Target objective of 1141.00 was misses by a 1/4 of a point. Therefore stops should be moved to break even or position… read more
EIA Energy Stocks Report [3/10/2010]
03/10 09:59 CST Crude oil stockpiles climb by 1.4 million barrels Crude oil stockpiles climb by 1.4 million barrels By DEBORAH JIAN LEE AP Energy Writer NEW YORK (AP) — Crude inventories rose less than expected last week, while gasoline supplies dropped, the government said Wednesday. Crude inventories rose by 1.4 million barrels, or 0.4… read more
Crude Palm Oil Futures (CPO)?
According to the CME Group, due to the growth of interest in edible oil futures and options the CME will introduce CRUDE PALM OIL futures or symbol CPO on May 24, 2010. Crude palm oil is the the world’s most-consumed edible oil. This will be a cash settle, dollar denominated contract, with the safety and… read more
Crop Production Report [3/10/2010]
WASHINGTON, March 10 (Reuters) – U.S. soybean exports are headed for a record 1.42 billion bushels, the government said Wednesday, and heavy domestic use of the oilseed will reduce the stockpile to a scant 190 million bushels this summer, slightly less than analysts had expected. The Agriculture Department lowered its forecast for U.S. corn exports… read more