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 www.tradersnetwork.com.… read more
Monthly Archives: March 2011
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
Swing Trading Strategies – Sharp decline in Sugar – time to lower stop loss!
TMV Swing Trade report – Short May Sugar @ 29.82 – Sugar has dropped sharply after breaking support. Th market is currently trading at 28.80. This allows us to lower the protective stop to the entry price of 29.82.… 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
Reversal Dates for the week of March 7 through March 11.
Monday – Crude oil, Cocoa, Coffee Tuesday – Silver, S&P Wednesday – Dollar index, Canadian dollar, Eurocurrency Thursday – Natural gas, Japanese yen Friday –… 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