May Silver has been in an upward trend since confirming the bullish TR pattern in February. The market reached a high of 17.55 before trading lower into the minor reversal swing date on March 9. The pullback stopped at support provided by the median line as well as the 20-day SMA and upward sloping parallel… read more
Tag Archives: Commodity Trading
Reaction swing triggers sell for may Soybeans. [chart]
Wednesday’s rally was stopped by the 20- day SMA and the downward sloping parallel line. The market turned lower and broke below the $9.35 support to trigger a sell signal. This portends a drop to the descending median line and a test of the previous low of $9.11.… read more
New Signals for the Systematic Swing Trader Program [2/24/2010]
The new signals for the systematic Swing Trader (futures) program have been posted. If you don’t know what the SST(futures) program is then call today or sign up for free trial.… read more
Dollar turns lower after hitting reaction line on reversal date!
The Dollar index began to show weakness when it moved away from the ascending median line. However, it was not until the Dollar reached the sloping reaction line target objective on the February 23rd reversal date that the bullish cycle was complete. A retest of the reaction line on Wednesday failed and the market turned lower.… read more
Grain call
Grains call higher across the board base on over night trade.… read more
May Sugar reaches target objective! [chart]
Sugar completed a bearish TR pattern after the (D) pivot high was confirmed inside the 60% sell window on February 16. (See February 17th issue of TMV Swing Trading Report) The sell signal at 26.05 was triggered the following day. The reverse/forward count projected the future reversal date for February 24 (marked on chart) with a target… read more
Action/Reaction – How it can be applied to swing trading.
Check out my new video on Youtube.com Click here… read more
Reversal Swing dates for the week of Feb 22 – Feb 26
Monday – Silver, T-Bonds, Japanese yen Tuesday – Dollar index, Eurocurrency Wednesday – British pound, Sugar Thursday – Wheat, Bean oil Friday – Crude oil, RBOB gasoline, Canadian dollar… read more
Corrective bounce over in T-Bonds, major selling opportunity. [chart]
Foreign holdings of U.S. treasuries fell by a whopping $53 billion in December, the largest amount ever. the rconrd drop should be considered a leading indicator that the government might have to pay higher interest rates on its debt to continue to attract investors. This was weighing on the market today, as it traded below the prior pivot… read more
Is this a major selling opportunity for the Japanese Yen? [chart]
The recent corrective rally ended on the February 4th reversal date, but fell shy of reaching the 60% sell window. After the reversal date, the yen resumed the downward trend and has closed below the 20- day SMA. After testing the upper parallel line on February 16th, yen closed sharply lower, leaving good seperation, suggesting… read more