Pending home sales rose 5.1% in March. Prior Actual Pending Home Sales Index – Level 90.8 94.1 Pending Home Sales Index – M/M 2.1 % 5.1 % … read more
Monthly Archives: April 2011
Swing Trading Strategies – Long S&P hits target objective before turning lower. [chart]
TMV Swing Trading Report – Long June S&P (e-mini) @ 1338.75 – Hit the Target! – The long position reached the 1354.75 target objective at the same time it reached the projected reversal bar and downward sloping reaction line. The long position was closed at 1354.75 only minutes before the market peaked at 1356.25 and… read more
First (1st) Quarter GDP April 28, 2011 – Economic News, Trading news, Futures Trading, Commodity Trading, Futures Trading News
First Quarter GDP showed to be on 1.8% annualized pace; this comes after a 3.1% 4th quarter last year. The expectation for the first quarter was a median projection of 2.0%. Obviously, this is was a disappointing number. Prior Consensus Consensus Range Actual Real GDP – Q/Q change – SAAR 3.1 % 2.0 % 1.5 % to 3.0 % 1.8 % GDP price… read more
Jobless Claims,Futures Trading, Trading News, Futures Trading News, Commodity Trading News
Initial claims jumped 25,000 in the April 23 week to 429,000 above expectations (prior week revised 1,000 higher to 404,000). The Labor Department said layoffs in the auto sector were isolated and not a major factor. The four-week average rose a steep 9,250 to 408,500 and is nearly 15,000 above the month-ago level.… read more
Swing Trading Strategies – Long Eurocurrency hits target objective! [chart]
TMV Swing Trade Report – Long June Eurocurrency @ 1.4651 – Hit the Target! – The euro pushed higher overnight and reached the target objective to close the long position at 1.4775 big gain! The long-term chart shows the market traded to a high of 1.4864 and tested the overhead ascending median line. This line… read more
Economic Calendar for April 28, 2011 – Futures Trading, Trading News, Futures Trading News, Commodity Trading News
GDP 8:30 AM ET Jobless Claims 8:30 AM ET Elizabeth Duke Speaks 8:30 AM ET Pending Home Sales Index 10:00 AM ET EIA Natural Gas Report 10:30 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 52-Week Bill Announcement 11:00 AM ET Dennis Lockhart Speaks 12:40 PM ET 7-Yr Note Auction 1:00 PM ET Fed Balance Sheet 4:30 PM ET Money… read more
Swing Trade signal – Bullish price action in Crude oil could signal new price advance. [chart]
TMV Swing Trade report – Short June Crude oil @ 111.95 – Crude traded to a low of 110.71 and where it found support and reversed and traded above the daily high. This is bullish price action and could set up a new price advance. Time to exit the short position and stand aside for… read more
EIA Petroleum Status Report April 27, 2011 – Commodity Trading, Futures Trading, Commodity Futures Trading, Economic News
Released on 4/27/2011 10:30:00 AM For wk4/22, 2011 Prior Actual Crude oil inventories (weekly change) -2.3 M barrels 6.2 M barrels … read more
Durable Goods Orders – Futures Trading, Trading News, Economic News, Economic Calendar
Today’s Durable goods report showed some sizable increase. New Factory orders rose 2.5% in march after 0.7 % increase in the month prior. Prior Consensus Consensus Range Actual New Orders – M/M change -0.9 % 1.9 % 0.5 % to 3.0 % 2.5 % Ex-transportation – M/M -0.6 % 1.3 % … read more
Today’s Reversal Dates April 27, 2011
Traders should be aware of today’s Reversal Dates. Pay close attention to the market action before making our next move Reversal days for : Lean hogs and Japanese Yen … read more