If you were reading the TMV Swing Trade report last week, you know that I said the the Dow Jones futures should trade lower into a cluster of reversal dates due on Thursday (July 1) and Friday (July 2). The Dow Jones futures reached the downside target objective during Thursday’s session and closed on the up-sloping reaction line support. I also… read more
Tag Archives: Futures
Swing Trading Strategies – Reaction swing triggered sell for gold before the plunge! [chart]
August Gold – The TMV Swing Trade Report is currently hold the short position in the August Gold from $1247.00. Gold finally gave it up on July 1st and finally confrimed the bearish reaction swing I have been talking about in the newsletter for the past afew days. The market had been trading in a sideway consolidation pattern since… read more
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Profit-taking ahead of three-day weekend and after the big rally on Thursday. U.S. seasonal harvest pressure also weighs, but market underpinned by harsh weather in portions of Europe and in the Black Sea wheat region. CORN – Down 2 to 3 cents per bushel. Profit-taking after… read more
Swing Trading Strategies – R swing triggers buy for British pound – where will it go? [chart]
In the last issue of the TMV Swing Trade Report, I talked about the recent British pound price action and the possible bullish pattern forming over the past few days. The market had traded to a high of 1.5130, just missing my initial 1.5155 target objective identified by the reaction line. The market ended up backing… read more
Futures Broker / Grain Calls and News
WHEAT – 5 to 7 cents per bushel higher. * USDA reported June 1 U.S. wheat stocks at 973.4 million bushels, above the average trade estimate of 940 million. * USDA reported U.S. 2010 all-wheat acreage at 54.3 million acres, slightly above an average of analyst estimates at 53.8 million. CORN – 15 to 20… read more
Futures Broker/ Grain Report
WASHINGTON, June 30 (Reuters) – The U.S. Agriculture Department released its acreage report on Wednesday. Following are highlights from the report. Corn Planted Acreage Up 2 Percent from 2009 Soybean Acreage Up 2 Percent All Wheat Acreage Down 8 Percent All Cotton Acreage Up 19 Percent Corn planted area for all purposes in 2010 is… read more
Futures Broker / Grain Report
WASHINGTON, June 30 (Reuters) – U.S. farmers could harvest 13.2 billion bushels of corn, the Agriculture Department’s annual report on plantings indicated on Wednesday, implying harvest could be 1 percent smaller than its forecast earlier this month, but still narrowly topping last year’s record. Soybean harvest could be 3.3 billion bushels, up 1 percent from… read more
Swing Trade Strategies – What is today’s price action telling us about Soybeans? [chart]
November Soybeans dipped into the 60% buy zone for the second time in as many days. Just like the previous day, Soybeans reversed and traded higher, moving out of the buy zone. Since today’s price action did occur on the projected reversal date, it may be significant because it occurred one day before Wednesday’s Grain Stocks and… read more
Futures Broker / Grain News
June 29 (Reuters) – U.S. wheat prices fell again on Tuesday, extending the previous session’s 1.5 percent loss to trade near their lowest level in more than two weeks on reports of high quality crops from the United States. Corn prices also edged down nearly one percent, holding near an eight-month trough, under pressure from… read more
Swing Trade strategy in British pound [chart]
I currently have a recommended long position for the September British pound – long from 1.485- in the TMV Swing Trading Report. In the last issue I expressed concern that the market may have difficultly crossing the up-sloping median line and it my be time to exit. On the bullish side, is the bullish reversal… read more