In the last issue of the TMV Swing Trading Report I said, “The market has traded higher over the past 10 days. However, looking inside of today’s price bar I see a potential peg-leg failure that should trigger a two or three-day decline. This could prove to be a nice swing trade opportunity. Sell Silver… read more
Precious Metals
Swing Trading Strategy – Projected Reversal Date picks low in Gold. [chart]
The February Gold has reached the descending median line and fullfilled the critera for the reversal signal, triggered by the January 4th reversal date. Gold traded lower into the January 6th reversal date and tested the median line support, setting up a potential reversal. (A market will typically reverse at the media line.) The next… read more
Swing Trading Strategies – Will there be a gap-n-go pattern in the Gold? [chart]
There are many negative signals developing in the Gold chart. The recent double top was followed by a three-day corrective bounce that reached the 60% sell window on a projected reversal date (December 14, 2010). Wednesday’s trading session opened with a gap lower and the market is currently trading below the prior day’s low. A… read more
Swing Trading Strategy – How can “Market Timing Intelligence” make a difference? [charts]
On Wednesday, November 10, 2010, I posted two charts, one for the December Gold and one for the December Coffee. I discussed the “Action-Reaction” time and price projections for both markets and illustrated how the strategy timed the entry and exits signals for both markets. This is a follow up to that post with an… read more
Swing Trading Strategies – “Action-Reaction” Market Timing Intelligence at work in Coffee and Gold. [chart]
Swing Trading with Market Timing Intelligence Swing trading has emerged as the fastest growing trading strategy in the industry today. Long preferred by professional traders, swing trading is being discovered by a whole new generation of serious traders and investors. Everyone knows the old adage “follow the trend.” Traditional swing trading strategies were developed to… read more
Initial Jobless Claims (11/10/2010) – Futures News
* Jobless claims hit four-month low in latest week * September trade gap narrows more than expected * Import prices jump to highest since April * U.S. imports from China remain near record By Doug Palmer WASHINGTON, Nov 10 (Reuters) – Initial claims for U.S. jobless benefits hit a four-month low last week, while the… read more
Swing Trading Strategies – Gold confirms major TR pattern sell signal. [chart]
Gold has triggered a sell signal after failing inside the 60% sell window. Gold has been forming a bearish TR pattern over the past two weeks after reaching the target objective where the ascending upper parallel line (green) intersected the descending reaction line (red) in conjunction with the projected reversal date (October 13th). Gold posted… read more
Initial Jobless Claims – Futures News, Broker, Commodities News (10/28/2010)
* Initial jobless claims fall 21,000 last week * Claims lowest in three months * Continuing claims lowest in nearly two years WASHINGTON, Oct 28 (Reuters) – New U.S. claims for unemployment benefits fell last week to a three-month low, hinting at some improvement in the listless labor market. Initial claims for state unemployment benefits… read more
Market news to Watch – 10/11/2010-10/15/2010: Futures News
Five Market Changers to Watch This Week ________________________________________ • Fed chief speaks: Ben Bernanke, chairman of the Federal Reserve, will speak early Friday morning (8:15 a.m.) on “monetary policy in a low inflation environment.” Reaction to the speech could be strong. Experts expect the dollar to regain ground next week in light of its decline… read more
Swing Trading Strategies – Silver trades into a cluster of Reversal dates, what does that mean? [chart]
December Silver advanced into a cluster of reversal dates (Tuesday, September 28 and Wednesday, September 29). Silver reached the reaction line price objective in concurrence with the reversal date cluster. This combination will typically have a strong influence on the next market direction over the short-term. Thursday—the “trail day”—began with a trade above the September 29thhigh, reaching… read more