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
Currency Markets
Market Wrap Up for April 26, 2011 – Futures Trading, Futures Markets,
Time stamp: 2:45pm Stock Indices showed some strength June Mini Dow last @ 12529 June ES last @ 1341.75 June Mini NASDAQ last @ 239200 Gold Steady, Silver has an astounding day/volatile day, Copper weak June Gold @1504.4 May Silver @ 4524.5 May copper @ 43210 Inside Day in the Dollar Index however slightly higher June Dollar Index @… read more
Market Wrap up for April 25, 2011 – Commodity Futures Trading
Stock Indices showed some strength June Mini Dow closed @ 12436 (+9) June ES closed @ 1332.00 (+1.00) June Mini NASDAQ close @ 23785 (+1.00) Gold Steady, Silver has an astounding day/volatile day, Copper weak June Gold @1507. (+$3.60) (2:58 pm MST) May Silver @ 4688.5 (+83.1 cents) (2:58 pm MST) May copper @ 42990 (- 10.01 cents)… read more
Trading in Futures -Market Wrap up for April 20, 2011
Stock Indices were on the rise June Mini Dow closed @ 12455 June ES closed @ 133425 June Mini NASDAQ close @ 237600 Metals are once again on the Rise, making new highs fanning the inflation Flames aided by a continued decline in the Dollar June Gold @1489.9 (close) May Silver @ 4446.1 (close) The… read more
Swing Trading Strategies – Long Eurocurrency approaching 1st target level. [chart]
TMV Swing Trading Report – Long the June Eurocurrency @ 1.4230 – Market is approaching 1st target objective at 1.4350. … read more
March British pound boosted by CPI and BOE comments.
March British pound traded sharply higher overnight after it was reported that inflation in January doubled Bank of England’s target. UK CPI jumped to 4.0% yoy in January, doubling Bank of England’s target of 2%. Bank of England’s Governor King noted the surge in inflation and reiterated that it’s temporary, due to tax hike and… read more
Swing Trading Strategies – British pound could have one more push higher to end the cycle. [chart]
March British Pound – The two reversal dates—January 25 and January 31—provided support for the quick rally into the ascending median line target objective. The pound tested the median line, as well as the prior swing high at 1.6229, posted on November 4, 2010) before turning lower and trading lower into the minor reversal date… read more
Swing Trading Strategies – Long British Pound nears target objective! [chart]
TMV Swing Trading Report – Long March British pound @ 1.6047 – The market rallied over night and reached a high of 1.6274, just missing the target objective of 1.6280, before pulling back to 1.6190. The pound may try to retest the high and reach the target objective, but it has completed the short-term cycle,… read more
Swing Trading Strategies – Reaction swing triggered buy in British pound. [chart]
In the last issue of the TMV Swing Trading Report I said. “British pound has posted double bottom formations on consecutive reversal dates (January 25th and February 1st). The price action has formed a bullish reaction swing and appears poised for an upward price swing into the ascending median line. “ Overnight, the pound traded… read more
Swing Trading Strategies – New Low, On Projected Reversal Date, Sets Up Bullish Reversal. [chart]
March Dollar index traded to a new low of 78.97, on the January 14th reversal date. The new low was below the prior low of 79.02, posted on December 21, 2010. Soon after the market reached the new low, the market turned higher, rejecting the low, and began to climb. This is bullish price action… read more