If you were reading the TMV Swing Trade report last week, you know that I said the the Dow Jones futures should trade lower into a cluster of reversal dates due on Thursday (July 1) and Friday (July 2). The Dow Jones futures reached the downside target objective during Thursday’s session and closed on the up-sloping reaction line support. I also… read more
Monthly Archives: July 2010
Swing Trading Strategies – Reaction swing triggered sell for gold before the plunge! [chart]
August Gold – The TMV Swing Trade Report is currently hold the short position in the August Gold from $1247.00. Gold finally gave it up on July 1st and finally confrimed the bearish reaction swing I have been talking about in the newsletter for the past afew days. The market had been trading in a sideway consolidation pattern since… read more
Reversal swing dates for the week of July 5 – July 9.
Monday – RBOB gas, Heating oil, Treasury bonds, Dow Jones Tuesday – Soybeans, Natural gas, Copper, Dollar index Wednesday – Wheat, Silver, British pound Thursday – Corn, Crude oil, Cocoa Friday – Heating oil, Gold… read more
NonFarm Payrolls [7/2/2010] – Futures News
Nonfarm payrolls fall 125,000 on census jobs * Private hiring rises 83,000 after weak May * Unemployment rate dips to 9.5 pct vs 9.7 pct in May * Average workweek edges down to 34.1 hours WASHINGTON, July 2 (Reuters) – U.S. employment fell for the first this year in June as thousands of temporary census… read more
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Profit-taking ahead of three-day weekend and after the big rally on Thursday. U.S. seasonal harvest pressure also weighs, but market underpinned by harsh weather in portions of Europe and in the Black Sea wheat region. CORN – Down 2 to 3 cents per bushel. Profit-taking after… read more
Swing Trading Strategies – R swing triggers buy for British pound – where will it go? [chart]
In the last issue of the TMV Swing Trade Report, I talked about the recent British pound price action and the possible bullish pattern forming over the past few days. The market had traded to a high of 1.5130, just missing my initial 1.5155 target objective identified by the reaction line. The market ended up backing… read more