Monthly Archives: September 2010

Market news to watch for 9/20/2010-9/24/2010

Five Stock Market Changers to Watch This Week Featured Story: Study: Americans $6.6 Trillion Short of What They Need for Retirement ________________________________________ • Interest rates: The Fed will announce benchmark U.S. interest rates on Tuesday (2:15 p.m.). The rate itself is likely to stay at virtually zero, but investors will watch language the committee uses… read more

Swing Trading Strategy – Using the Median line, combined with the Reversal Date Indicator, to enhance market timing. [chart]

According to Dr. Alan Andrews, one of the main median line trading principles was that price will return to the median line 80% of the time. Secondly, if the price trades up to the median line and gaps down or makes a long-range day away for the median line, it is a sell signal. Understanding… read more

Reversal dates for the week of September 20 – September 24

Monday – Corn, Silver, Copper, Sugar Tuesday – Wheat, Soybeans, Bean oil, S&P, Dow Jones, British pound Wednesday – Coffee Thursday – Cattle, Corn, Eurocurrency Friday – Coffee Swing Trading with Market Timing intelligence The most important element of a successful swing trading approach is market timing of both entry and exits. In this… read more

Grain News and Opening Calls – Futures Broker

By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Wheat prices are poised to end a three-day losing streak on global weather worries and spillover support from a rally to nearly two-year highs in corn. Traders remain nervous about tight world supplies of wheat after a severe drought devastated Russia’s crop this summer and prompted… read more

CPI 9/17/2010 – Futures News

Consumer prices rise 0.3 percent in August By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Consumer prices posted a small rise in August, but outside of a big jump in volatile gasoline prices, inflation was essentially flat. Consumer prices edged up 0.3 percent in August, matching the July increase, the Labor Department said Friday.… read more

PPI 9/16/2010 – Futures News, Futures Broker

WASHINGTON, Sept 16 (Reuters) – U.S. producer prices rose slightly more than expected in August as energy prices recorded their first increase since March, government data showed on Thursday, calming fears of deflation for now. The Labor Department said the seasonally adjusted index for prices paid at the farm and factory gate increased 0.4 percent,… read more

Initial jobless Claims (9/16/2010) – Futures News, Futures Broker

WASHINGTON, Sept 16 (Reuters) – U.S. claims for unemployment benefits unexpectedly fell last week, dropping to a two-month low, according a government report on Thursday that hinted at some stability in the labor market. Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 450,000, the lowest since the week ended July 10,… read more

Swing trade strategy – Long Lean Hogs signal surges higher…when and where is the next objective? [chart]

The TMV Swing Trade Report is currently long October Lean Hogs @ 77.47. The swing trade signal was based off the  longer-term coiling pattern with a bullish reaction swing at the apex.The market surged out of the reaction swing and the “energy building” coiling pattern during Tuesday’s session. This price action suggests Hogs should continue to advance into… read more

Opening Grain Calls and News – Futures News

By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean prices are poised to start higher Wednesday in an attempt to keep pace with a strong rally in the corn market. Soybean prices have felt spillover support from corn recently as corn has consistently set fresh 23-month highs on worries about disappointing U.S. yields. Soybeans… read more

Japan intervenes in currency market to weaken yen (9/15/2010)

By TOMOKO A. HOSAKA Associated Press Writer TOKYO (AP) — Japan waded into the currency market Wednesday for the first time in six years, buying dollars to weaken the surging yen, which is battering famed Japanese manufacturers like Toyota and Sony after spiking to 15-year highs. Prime Minister Naoto Kan surviving a leadership challenge the… read more