Nonfarm payrolls rise 151,000 in October * Private employment jumps 159,000 * Unemployment rate steady at 9.6 percent * Average workweek rises to 34.3 hours from 34.2 hours By Lucia Mutikani WASHINGTON, Nov 5 (Reuters) – U.S. employment increased more than expected last month as private companies hired workers at the fastest pace since April,… read more
Monthly Archives: November 2010
Systematic Swing Trader Program: New Equity Highs Oct. 2010
Systematic Swing Trader Program + $33,957.30 October 2010 View Close Positions… read more
Swing Trading Strategies – Coffee confirms bullish continuation signal. Where and when will it end? [chart]
TMV Swing Trade Report – Long December Coffee @ 202.05 Coffee exploded higher after rebounding off a confluence of support where the upward trending parallel line and 20-day EMA joined. The market had formed a continuation pattern that ended with a one-bar spike to support. The price action suggests Coffee is poised to advance into… read more
Swing Trade Strategies – Long December Crude oil reaches 1st target objective! [chart]
TMV Swing Trade report – Long December Crude oil @ $83.31. December Crude oil reached the initial target objective at $86.50. The longer-term cycle still remains bullish with futures reversal dates projected for November 11 and November 16 with a major target objective at $90.00. I will look for a short-term pullback or consolidation for… read more
Grains Opening Calls and News /Futures Broker
WHEAT – Up 10 to 15 cents per bushel. Boosted by falling dollar after U.S. Fed decided to buy bonds in a risky move to boost the struggling U.S. economy. Dry weather in the U.S. Plains HRW wheat region also supportive. * Showers in the U.S. Delta will buoy winter wheat prospects but more rain… read more
Initial Jobless Claims – 11/4/2010: Futures News
WASHINGTON, Nov 4 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, government data showed on Thursday, underlining the persistent weakness in the labor market. Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 457,000, the Labor Department said, reversing the prior week’s decline. Analysts polled by… read more
Swing Trading Strategies – Gold confirms major TR pattern sell signal. [chart]
Gold has triggered a sell signal after failing inside the 60% sell window. Gold has been forming a bearish TR pattern over the past two weeks after reaching the target objective where the ascending upper parallel line (green) intersected the descending reaction line (red) in conjunction with the projected reversal date (October 13th). Gold posted… read more
Swing Trading Strategies – “Action-Reaction” projects higher Crude oil into November 16th. [chart]
If you have read any of my books or are a frequent reader of my newsletter and blogs you have probably seen me talk about a 3-wave or 5-wave continuation pattern. When identified correctly, this can be used to project price the time , price and duration of a future price move. The pattern will… read more
Five reports to watch this week: 11/1/2010 – 11/5/2010
• Fed decision: In what will likely be an event covered in financial history books for decades to come, Fed Chief Ben Bernanke and his fellow committee members will announce the latest interest rate policy on Wednesday (2:15 p.m.). No one expects the rate to change from nearly zero, but nearly everyone expects a clear… read more
Swing Trading – Five reports to watch this week.
Fed decision: In what will likely be an event covered in financial history books for decades to come, Fed Chief Ben Bernanke and his fellow committee members will announce the latest interest rate policy on Wednesday (2:15 p.m.). No one expects the rate to change from nearly zero, but nearly everyone expects a clear commitment… read more