Monthly Archives: August 2011

What is the reversal date saying about Soybeans? – swing trading strategies, swing trade signals, market timing, price action, median line

The recent 5-day decline in Soybeans came to a halt when the market reached the downward sloping median line, on the August 9th reversal date.  The market tested the median support before closing above the line Tuesday,  The gap higher opening on Wednesday is a strong beginning for the “trail day” and will confirm a… read more

Market report – The U.S dollar is trading lower vs. other major currencies after S&P downgrades it AAA rating.

The U.S. Dollar continues to trade lower against most major currencies after Standard & Poor’s downgraded U.S. top credit rating from AAA to AA+ on Friday. The decision raised concerns over the fiscal issue of the world’s biggest economy. Although the Federal Reserve Open Market Committee is scheduled to meet tomorrow, traders didn’t wait and… read more

Market news – Weekly Jobless claims down slightly.

New U.S. claims for unemployment benefits showed marginal improvement over last week. Initial claims for state unemployment benefits were down 1000, to a seasonally adjusted 400,000, according to the labor department report. Economists had forecast claims rising to 405,000.… read more