Tag Archives: Futures news

New-home sales plunged in February to record low.

WASHINGTON (AP) — Buyers of new homes plunged in February to the fewest on records dating back nearly half a century, a dismal sign for an already-weak housing market. The Commerce Department says new-home sales fell 16.9 percent last month to a seasonally adjusted annual rate of 250,000 homes. It’s the third straight monthly decline and far below the… read more

Market news – Retails sales spike in February.

Released on 3/11/2011 8:30:00 AM For Feb, 2011 Prior Consensus Consensus Range Actual Retail Sales – M/M change 0.3 % 1.0 % 0.1 % to 1.5 % 1.0 % Retail Sales less autos – M/M change 0.3 % 0.7 % 0.3 % to 1.3 % 0.7 % Highlights Retail sales spiked in February on higher auto sales and on higher gasoline sales. But other components were mostly robust. And… read more

Futures News – New Home sales up 18% in December.

Market Consensus Before Announcement New home sales for December jumped 18 percent to an annual unit rate of 329,000. In turn, months’ supply came down to 6.9 from 8.4 months in November. The buyer rush likely was tied to December’s jump in mortgage rates which encouraged potential homebuyers to quit sitting on the fence and… read more

Trading news – Durable Goods orders up 2.7% in January.

Durables orders made a nice comeback in January but there is a lot in the detail. Durables orders in January rebounded 2.7 percent, following a revised -0.4 percent dip in December (previously estimated at down 2.3 percent). Excluding transportation, new orders for durable goods fell back, declining 3.6 percent after a 3.0 percent rise in… read more

Trading News – New home construction up 14.8%, in January.

WASHINGTON (AP) — Builders started work on more homes in January, pushing construction up by the largest amount in 20 months. But the home-building industry remains far below the pace considered healthy. Builders broke ground on new homes and apartments at a seasonally adjusted annual rate of 596,000 units, a 14.6 percent jump from December.… read more

Swing Trading Strategy – Looking inside the price bar to sell March Wheat. [chart]

Had a question today, about my early entry signal to sell March Wheat. In yesterday’s issue of the TMV Swing Trading Report I recommended selling the March Wheat at $8.67 instead of waiting for a trade below the prior pivot low of $8.55 1/2 . Wheat had posted a low on the February 11th reversal… 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 Strategy – Peg-leg pattern triggers both sell signal and then buy signal is Silver. [chart]

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

Energy News – EIA report show Gasoline stocks at 20-year high.

* Crude stocks rise 1.9 mln barrels to 345.06 mln * Gasoline stocks up 4.66 mln barrels at 240.89 mln * Cushing inventories fall 927,000 bbls to 37.41 mln * Distillates rise 288,000 barrels to 164.37 mln NEW YORK, Feb 9 (Reuters) – U.S. crude oil inventories rose in line with expectations and gasoline stocks… read more