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

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