Monthly Archives: March 2011

Reversal dates for the week of March 14 through March 18.

Monday – Lean Hogs, Treasury Bonds, Japanese yen Tuesday – S&P Wednesday – Soybeans, Soy meal, Bean oil Thursday – Live Cattle, Copper Friday – Wheat For more information about swing trading with reversal dates go to… read more

Market news – Retails sales spike in February.

Released on 3/11/2011 8:30:00 AM For Feb, 2011 Prior Consensus Consensus Range Actual Retail Sales – M/M change 0.3 % 1.0 % 0.1 % to 1.5 % 1.0 % Retail Sales less autos – M/M change 0.3 % 0.7 % 0.3 % to 1.3 % 0.7 % Highlights Retail sales spiked in February on higher auto sales and on higher gasoline sales. But other components were mostly robust. And… read more

Wheat and Corn Stocks larger than expected!

By Russell Blinch and Roberta Rampton WASHINGTON, March 10 (Reuters) – Stockpiles of U.S. wheat and corn are forecast to be larger this year than traders had expected, a government report said in a report on Wednesday, noting sky-high wheat prices have trimmed demand.    The Agriculture Department forecast U.S. wheat stocks of 843 million bushels… read more

U.S. Jobless claims

WASHINGTON, March 10 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, but held below a key level associated with labor market recovery.    Initial claims for state unemployment benefits increased26,000 to a seasonally adjusted 397,000, the Labor Department said, after falling to a 2-1/2… read more

TMV Swing Trading Report – Wheat plunges after sell signal triggered. [chart]

TMV Swing Trading Report – Short May Wheat @ $7.84 – May Wheat traded up to the downward sloping parallel line and tested the 20-day EMA. The market reversed at the parallel line plunged to a new low, breaking below the February 23rd pivot low. I will have updated stops and target objectives in the… read more

TMV Swing Trading Report update – Cocoa breaks hard after triggering sell pattern. [chart]

TMV Swing Trade Report – Short May Cocoa @ 3623 –  Cocoa completed the bullish reaction cycle when the market posted two consecutive reversal dates in a span of five days. Further more, the market formed a bearish peg-leg formation between the two downward sloping reaction lines. Based off the reversal dates and price action… read more

Jobless rates dip to 8.9%

* Payrolls rise 192,000, private jobs up 222,000    * Jobless rate dips to 8.9 percent from 9 percent    * Average workweek steady at 34.2 hours, earnings edge up By Lucia Mutikani    WASHINGTON, March 4 (Reuters) – U.S. employers hired more workers in February than in any month since May last year and the unemployment rate… read more

ISM Mfg Index / Futures Broker

  Released on 3/1/2011 10:00:00 AM For Feb, 2011     Prior Consensus Consensus Range Actual ISM Mfg Index – Level 60.8  60.5  58.7  to 62.0  61.4       Market Consensus Before Announcement The composite index from the ISM manufacturing survey jumped 2.3 points to a rare plus 60 reading at 60.8 for the highest reading since May… read more