WHEAT – Down 1 to 2 cents per bushel. Hesitant buying of wheat futures as equities and gold sag after Germany’s decision to ban naked short sales of certain financial instruments. CORN – Up 1 to 2 cents per bushel. Support from talk China bought two cargoes of U.S. corn and news from USDA that… read more
Monthly Archives: May 2010
Housing Starts [5/18/2010]
WASHINGTON, May 18 (Reuters) – U.S. housing starts rose more than expected in April to touch their highest level since October 2008 likely on the back of a home buyer tax credit, but permits hit a six-month low, a government report showed on Tuesday. The Commerce Department said housing starts rose 5.8 percent to a… read more
Swing trading strategies – Trading in Volatile markets – Part one [video]
During the first week of May,2010, several markets experienced extreme volatility. During extreme volatility, many trading programs and strategies break down because of sudden reversals and lareg price moves. In the two videos titled, ” Trading in Volatile Markets” I walk through several markets using the “Action-Reaction” theory and the Reversal dates to show you how this… read more
Swing trading strategies – Trading in volatile markets – Part two [video]
During the first week of May,2010, several markets experienced extreme volatility. During extreme volatility, many trading programs and strategies break down because of sudden reversals and lareg price moves. In the two videos titled, ” Trading in Volatile Markets” I walk through several markets using the “Action-Reaction” theory and the Reversal dates to show you how this… read more
Futures News.. Live Cattle / Lean Hogs
CHICAGO, May 17 (Reuters) – Chicago Mercantile Exchange live cattle futures were called mixed at Monday’s opening, with analysts expecting more fund selling after the sharp losses on Friday. However, cattle’s direction may again be dictated by outside markets. A stronger dollar last week helped guide futures lower, but a weaker dollar versus the euro… read more
Futures Broker /Grain News and Calls
WHEAT – Down 1/2 to 1 cent per bushel. * Pressure from firm dollar and ongoing reminders of the plentiful global stockpile of wheat. Losses limited by the potential for short-covering bounces since the wheat market remains loaded with spec shorts. CORN – Down 2 to 3 cents per bushel. * Higher dollar, lower crude… read more
Swing trading software – currencies – RT Swing Trader catches the big moves.
Looking for a trading software program to help you trade the volatile currency markets? You may want to consider the RT Swing Trader. The program signals are pattern based so that it uses the markets own price action to identify “sweet spots” where the markets are building energy inside a trend that precede explosive market moves.… read more
Reversal Swing dates – May 17 – May 24
Monday – Hogs, Corn, Soybeans, Gold, Eurocurrency, Australian dollar, Cocoa, Swiss franc Tuesday – Wednesday – Soy meal, Silver, Eurocurrency Thursday – Soybeans, Bean oil, Treasury bonds Friday – Japanese yen, Cotton, Coffee… read more
Swing trading strategy – Gold – Using the TC pattern to project major turning point in Gold. [chart]
This chart offers a good example of a TC pattern (Trend Continuation) in the June Gold. After touched the ascending median line on April 12th, Gold began a corrective pull back into the April 19th reversal date and posted a low at $1124.50, where Gold found support from the up-sloping lower parallel line and the 20- day SMA. The… read more
Swing trading – currency trading – Major reversal in Canadian dollar projected in advance. [chart]
The Canadian dollar formed a bearish TR swing pattern after posting a major high on the April 22nd reversal date and turned lower in front of the May 6th meltdown and subsequent drop to 9293. The “loonie” rebounded from the low and traded higher into the May 12th reversal swing date, closed inside the 60% sell… read more