Monthly Archives: September 2010

Initial Jobless Claims – Futures News (9/9/2010)

New filings for jobless benefits tumble By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — The number of people signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren’t resorting to deeper layoffs even as the economy has lost momentum. The Labor Department says new claims… read more

Swing Trading Strategies – New reaction swing pattern in Copper, what does it mean? [chart]

The TMV Swing Trading Report is currently holding a long recommendation for December Copper at 347.50 – Over the past few days, Copper pulled back to test support from the prior swing high (343.05 on August 4th), before rebounding slightly near the close. This short-term corrective pullback has formed a reaction swing pattern with a trigger… read more

Futures Broker / Grain Calls and News

CHICAGO (Dow Jones)–U.S. soybean futures are poised for a weaker start to Tuesday’s day session, slipping on pressure from neighboring grain futures, seasonal weakness and positioning ahead of government crop reports. Overnight, Chicago Board of Trade soybean futures for November delivery were 2 1/2 cents lower at $10.32 1/2. Analysts expect soybeans to start 2… read more

Futures Broker/ Grain News and Calls

CHICAGO (Dow Jones)–U.S. corn futures are expected to open slightly lower Friday on seasonal pressure and profit-taking ahead of the three-day holiday weekend. Chicago Board of Trade corn is called 1 to 2 cents lower. In overnight trade, September corn was down 2 cents to $4.31 per bushel and December corn was down 1 1/2… read more

Futures News -Unemployment (9/3/2010)

By Lucia Mutikani WASHINGTON, Sept 3 (Reuters) – U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth. Nonfarm payrolls fell 54,000, the Labor Department said on Friday as… read more

Futures News – Initial Jobless Claims (9/2/2010)

Initial claims for state unemployment benefits dropped for a second straight week, slipping 6,000 to a seasonally adjusted 472,000 in the week ended Aug. 28, the Labor Department said. * Analysts polled by Reuters had forecast claims edging up to 475,000 from the previously reported 473,000 the prior week, which was revised up to 478,000… read more

Swing Trading Strategies – Gold reached the target objective on the projected reversal date! [chart]

In the August 25th issue of the Traders Market Views Swing Trading report, I wrote about the bullish TC pattern (trend continuation) that had just formed in the December Gold. The TC pattern began with the high pivot on August 19 and ended with a low pivot on August 23…which also happened to be a projected… read more