Monthly Archives: May 2011

Market Alert! – June Eurocurrency turns lower by short-term reversal bar. [chart] swing trading strategies, swing trading signals, action reaction., market timing

TMV Swing Trade report – Long June Eurocurrency @ 1.4239 – The euro traded above the prior high at 1.4337, (basis the 60-minute chart) as it reached a projected reversal bar. The reversal bar turned the market lower and peg-leg pattern. Time to exit the long position at the market.… read more

Philly Fed Survey shows slowing in the Manufacturing Sector – Economic news, trading news, Futures Trading

This weeks Philly Fed Survey shows some slowing in the manufacturing sector. The general business conditions according to the survey declined to 3.9%.  Although the month on month shows growth the numbers are still well below April’s 18.5 which indicates slowing.  New orders and shipments both slowed while unfilled orders and inventories turned negative.  There was… read more

Existing Home sales down 0.8% – Economic News, Trading news, Futures Brokers

April existing home sales were down 0.8% this month below the expected 5.05 million annual rate.  This caused the year on year rate to move down to 12.9%.  However, the median home price has moved up 2.4% to $163,700 with an average price of $214,000 for a 3.5% gain.… read more

Grains Called Higher : Futures Trading Brokerage, Futures Broker, Commodity Trading Brokerage, Commodity Broker

Wheat called 12 to 15 cents higher Soybeans called 8 to 10 cents higher Corn called 10 to 12 cents higher Rain makes grain but you have to have it planted before that happens Also very good exports sale  … read more

Corn Prices Rising-Futures Trading Brokerage, Futures Broker, Commodity Trading Brokerage, Commodity Broker

Japan, the largest importer of corn sees the commodity price rising because of the concern over nuclear radiation, potentially helping meat sales by Tyson Foods Inc. because of increasing expense@animal feed makers. Nobuyuki Chino, President of the Tokyo-based grain company Continental Rice Corporation said, Importers need to pay 5 percent more compared to the west… read more

Breaking News: Jobless Claims Fall by 29,000 claims – Economic News, Economic Reports, Trading news, Futures Trading

Jobless Claims for the week of May 14 fell by 29,ooo claims to 409,000 claims.    Also the prior weeks report was revised down from 438,000 to 434,000.  The expectation for this was an 11,000 claim drop; therefore expectations came in much better than anticipated.  Since 2009 we have seen the job market gain some… read more