The dramatic sell-off Gold began early Tuesday morning after the market traded to a new 5-month high of $1192.80. The market hit resistance at the 1.272% Fib extentsion before the heavy selling was triggered by the debt crisis in Greece. Gold tumbled to a low of $1156.20 on Wednesday ( a projected reversal swing date) and… read more
Monthly Archives: May 2010
Swing trading – Systematic Swing trader – Futures Broker
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Swing Trading Strategies for the Dow Jones Futures. [chart]
The Dow Jones futures posted a major reversal on the April 27th reversal swing day , projected several days in advance. The reversal occurred one day after the Dow Jones futures traded to a new 18 month high of 11206. After trading at the new high, the Dow Jones dropped to support before rebounding into the down-sloping reaction line… read more
Futures Broker/Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Strong dollar, solid condition ratings for the U.S. winter wheat crop and a plentiful supply of wheat combine to weigh on wheat futures. Market underpinned by cold snap late this week in the U.S. that may harm some of the headed wheat. CORN – Down 2… read more
Early Cattle & Hog calls: Steady to up Slightly
LIVE CATTLE – Steady to up 0.200 cent per lb. * Wholesale beef prices were up slightly on Friday with choice cutout holding near 21-month high. LEAN HOGS – Steady to up 0.250 cent per lb. * Technically strong after Friday’s price surge. * Tight supplies of market-ready hogs continue to support. * Cash hogs… read more
Futures broker, Update on bullish Silver swing trade. [chart]
On April 29th, I posted a chart of the July Silver with the April 28th reversal date marked as a possible swing low. I also recommended to buy the Silver at $18.48 or lower in the issue of the Traders Market Views Swing Trade report. Silver dipped below the $18.48 during the following session to… read more
Early hog calls.. Monday 5-3-2010
LEAN HOGS – Steady to up 0.250 cent per lb. * Technically strong after Friday’s price surge. * Tight supplies of market-ready hogs continue to support. * Cash hogs were called steady to higher on Monday. * Pork value slipped but holding near highest level since August 2008. * USDA’s cash pork cutout off 24… read more
Grain News
WHEAT – Up 1 to 2 cents per bushel. Short-covering lifts wheat futures but gains limited by firm dollar and good growing conditions for the U.S. winter wheat crop. CORN – Up 1 to 2 cents per bushel. Talk China bought 8 to 10 cargoes of U.S. corn and wet weather this week that is… read more