Monthly Archives: November 2010

Grain News and Opening Calls – Futures Broker

WHEAT – Down 2 to 3 cents per bushel. Pressure from a firm dollar but market underpinned by concern about dryness in the U.S. western Plains hard red winter wheat growing region. * USDA late on Monday said 47 percent of the U.S. winter wheat crop was in good to excellent condition, up from 46… read more

Swing Trading Strategy – Does the New Reaction Swing Signal a Major Top in Dow Jones Futures? [chart]

The Dow Jones futures are forming the final leg of a major TR (Trend Reversal) pattern. The long-term upward trend ended with a high close of 11397 on the November 4th reversal date. After testing the downward sloping reaction line during the November 5th session, Dow Jones turned lower and closed lower each of the… read more

Important Economic News 11/22/2010: QE2, European Debt, China

Markets Turned Mixed With Three Themes in Force European debt crisis and China took the spotlight from Fed’s quantitative program last week. The greenback was boosted higher on risk aversion in the early part of the week but reversed as sentiments stabilized. Fundamentally, markets were seeing some lights in the Irish bailout. Technically, risk markets,… read more

Grain News and Opening Call – Futures Broker

WHEAT – Down 5 to 7 cents per bushel. End-of-week profit-taking with further pressure by concern about China’s stated plan to raise banks’ reserve requirements to rein in food inflation. * Dry weather in the western growing region of the U.S. winter wheat belt remains a problem for the emerging crop. Recent rainfall in other… read more

Dollar Recovery after China Raises Reserve Requirement Ratio

Dollar is trying to recovery from intraday low after market sentiments are weighed down mildly by more tightening from China. China raised the so called bank reserve requirement ratio by 50bps to “appropriately control” credit and loans. This was the second reserve increase in two weeks as inflation is viewed as a serious threat to… read more

Initial Jobless Claims (unemployment) 11/18/2010

WASHINGTON, Nov 18 (Reuters) – New U.S. claims for unemployment benefits rose slightly last week as expected, a government report showed on Thursday, but the underlying trend remained tilted toward a gradual improvement in the labor market. Initial claims for state unemployment benefits climbed 2,000 to a seasonally adjusted 439,000, the Labor Department said. Economists… read more

Grain Calls and News / Futures Broker

WHEAT – Up 6 to 8 cents per bushel. Technical bounce after the steep slide on Friday that was triggered by talk China would raise interest rates over the weekend. Dry weather stress on portions of the U.S. winter wheat crop and weather concerns in Australia also supportive. * Dry weather in the U.S. Plains… read more

Swing Trading Strategy – How can “Market Timing Intelligence” make a difference? [charts]

On Wednesday, November 10, 2010, I posted two charts, one for the December Gold and one for the December Coffee. I discussed the “Action-Reaction” time and price projections for both markets and illustrated how the strategy timed the entry and exits signals for both markets. This is a follow up to that post with an… read more