WASHINGTON (AP) — Consumer prices rose last month as the cost of gas increased by the largest amount since June 2009. But outside of energy costs, there was little sign of widespread inflation. The Labor Department says the Consumer Price Index rose 0.5 percent in December, the largest increase in 18 months. About 80 percent of the increase was due… read more
Monthly Archives: January 2011
Swing Trading Strategies – What did “action-reaction” tells us about today’s reversal in Lean Hogs? [chart]
In last night’s issue of the TMV Swing Trading Report I wrote about the confluence of resistance displayed on the February Lean Hogs chart. Prices had advanced slightly through the short-term ascending median line and were poised to test the long-term median line, as well as testing the prior major swing high of 81.37, posted… read more
Energy and Food costs drive U.S. Producer Price higher.
WASHINGTON, Jan 13 (Reuters) – U.S. producer prices rose more than expected in December as energy and food costs surged while underlying inflation remained subdued, highlighting a divergence that complicates the outlook for monetary policy. Prices at the wholesale level climbed 1.1 percent after a 0.8 percent rise in November, the Labor Department said on Thursday. Economists had been… read more
U.S. Jobless claims jump most in 6-months!
The U.S. trade deficit narrowed unexpectedly in November as exports climbed to the highest level in more than two years, government data showed on Thursday. KEY POINTS: * The number of Americans filing for first-time unemployment benefits rose to 445,000 from an upwardly revised reading of 410,000 in the prior week, the Labor Department said. * It was the… read more
Swing Trading Strategies – Avoiding Disaster in Soybeans. [chart]
In the January 11th issue of the Traders Market Views Swing Trading report, I commented on a trade I had made earlier to sell March Soybeans, following a failed swing pattern on after Soybeans made a new high on January 3rd. Typically, a failed swing pattern will trigger a significant price move in the opposite… read more
Grains Opening Calls /Futures Broker
1/12 07:51 CST CBOT grains and soy to rally on bullish USDA data 1-12-2011 08:37 CBOT grains and soy to rally on bullish USDA data CHICAGO, Jan 12 (Reuters) – CBOT corn was expected to open 0 to 15 cents per bushel higher on Wednesday following the elease of bullish U.S. and global crop and… read more
Grain Stocks and Production Report / Futures Broker
01/12 07:37 CST UPDATE 1-US slashes soy, corn stocks below expectation 1-12-2011 08:37 UPDATE 1-US slashes soy, corn stocks below expectatio * US soy end stocks 140 mln, 10 pct below est * US corn end stocks 745 mln, 4 pct below est * US Dec 1 soy stocks 2.277 bln, 3 pct below est… read more
Grains Opening Calls and News / Futures Broker
CHICAGO (Dow Jones)–U.S. wheat futures are expected to start slightly higher Monday as the markets rebound from a sell-off last week. Futures prices recovered a bit after falling 2.5% last week in a setback from a surge to 28-month highs. Poor global weather, including excessive rains in eastern Australia, sparked the recent rally and continue… read more
Swing Trading Strategy – March Eurocurrency approaches projected Reversal date. [chart]
The March Euro remains under pressure as markets are cautious ahead of peripheral government bond auctions this week. In particular, Portugal, which’s widely considered to be the most likely country to seek bailout after Greece and Ireland, will sell as much as EUR 1.25b debts this week. Spain and Italy will also have respective bond… read more
Swing Trading Strategies – “Action-Reaction” pattern signals buy for Japanese yen. [chart]
March Japanese yen tested support and reversed inside the buy zone. The yen rallied off the lower parallel action line with very good separation from the low. This is a bullish swing trade setup and suggests the corrective pullback has ended and could be forming a bullish reaction swing. A trade above 1.2080 would confirm… read more