Monthly Archives: February 2011

Reversal dates for the week of February 28 – March 4.

Monday – Cattle, Wheat, Cocoa Tuesday – Heating oil, Silver Wednesday – Sugar Thursday – Hogs, Bean oil, Treasury bonds, Japanese yen Friday – S&P For more information about “action-reaction” reversal dates go to and sign up for a free 30-day trial subscription to the Traders Market Views Swing Trading Report.… read more

Market News – Fourth Quarter GDP 3.2%

GDP for the fourth quarter GDP accelerated to a moderately healthy 3.2 percent annualized gain, following a 2.6 percent increase the prior quarter. But the detail was stronger than the headline number. The last quarter of 2010 was led by sharp improvement in net exports to a gap of $392.2 billion from $505.0 billion in… read more

Futures News – New Home sales up 18% in December.

Market Consensus Before Announcement New home sales for December jumped 18 percent to an annual unit rate of 329,000. In turn, months’ supply came down to 6.9 from 8.4 months in November. The buyer rush likely was tied to December’s jump in mortgage rates which encouraged potential homebuyers to quit sitting on the fence and… read more

Trading News – U.S. Jobless Claims rise.

Initial jobless claims for the February 12 week rose a steep 25,000 to 410,000. However, claims have been volatile in recent weeks. The latest jump followed a 34,000 drop the prior week and a 38,000 fall the week before that. Off and on severe winter weather has played a role in the volatility. The four-week… read more

Trading news – Durable Goods orders up 2.7% in January.

Durables orders made a nice comeback in January but there is a lot in the detail. Durables orders in January rebounded 2.7 percent, following a revised -0.4 percent dip in December (previously estimated at down 2.3 percent). Excluding transportation, new orders for durable goods fell back, declining 3.6 percent after a 3.0 percent rise in… read more

Swing Trading Strategies – Short Soybean oil hits target objective! [chart]

TMV Swing Trade report – Short March Soybean oil @ 56.35 – Hit the target! Bean oil traded to a low of 53.31, to close the short position at the 53.35 target objective. From this juncture, I look for Bean oil to bounce off the lower parallel support line and begin to form a new… read more

Swing Trading Strategies – Silver pulls back after reaching upper parallel line resistance. [chart]

March Silver surged to a high of $34.33 overnight and reached the upper parallel line. The market also pasted through the descending reaction line  during the advance. These two lines represent target objectives as well as a confluence of resistance. As I write this, Silver is trading at $32.90–$1.43 cents off the high.… read more

Trading news – Consumer Confidence

Released on 2/22/2011 10:00:00 AM For Feb, 2011 Prior Consensus Consensus Range Consumer Confidence – Level 60.6 65.0 60.0  to 70.0 Market Consensus Before Announcement The Conference Board’s consumer confidence index jumped more than seven points in January to 60.6 with those saying jobs are currently hard to get falling more than 2-1/2 percentage points to 43.4… read more