WASHINGTON, June 16 (Reuters) – U.S. housing starts fell more than expected in May to their lowest level in five months, a government report showed on Wednesday, as a popular homebuyer tax credit that had buoyed construction activity over the past two months expired. The Commerce Department said housing starts dropped 10 percent to a… read more
Tag Archives: Futures
Futures Broker – Housing Starts [6-16-2010]
NEW YORK, June 16 (Reuters) – U.S. housing starts fell 10 pct, more than an expected fall of 3.3 pct, in May to their lowest level in five months in Commerce Department data on Wednesday. A popular homebuyer tax credit had buoyed construction activity over the past two months but expired in April. Housing starts… read more
Swing trading strategies – How to handle explosive markets! [chart]
July Coffee continues to push higher, surging over 2400 points in the last four days. Explosive markets can offer huge opportunities or huge risks. In this case, price has exceeded time as Coffee reached the first reaction line target objective (148.50, on Friday, June 11. 2010), before settling back to the up-sloping median line at the close of… read more
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. * Profit-taking setback after rally on Monday. Wheat gained on Monday, led up by concerns about a cut in Canadian wheat output due to excessive wet weather CORN – Down 1 to 2 cents per bushel. * Profit-taking after Monday’s gains weigh on corn futures, in… read more
Swing trading strategies – How ‘action/reaction” triggered early buy signal before Coffee surge! [chart]
A possible shortage of certified Coffee stocks, for July delivery, provide the springboard for 1.40o point price surge during the past two session…with over 1000 points of that rally during Friday’s session. This price action provided a great trading opportunity for traders following the Traders Market Views Swing Trading Report. A buy signal was triggered on June 8th with the… read more
Systematic Swing Trader – Futures
For June 2010 (only) AS of June 10, 2010 System tracked positions that closed this month. The current total ‘closed’ profit (loss) $10,560.65 Market Fill Date Exit Date Strategy Type Profit (Loss) Wheat 2010-05-25 2010-06-01 Short Small Target 0 Wheat 2010-05-25 2010-06-01 Short Trail Entry 150 Cotton 2010-05-25 2010-06-02 Short Big Target 1600 Cotton 2010-05-25… read more
Reversal dates for the week of June 14 – June 18
Monday – Cattle, Hogs, Gold Tuesday – Heating oil Wednesday – Treasury bonds, Australian dollar Thursday – Soy meal, S&P, Dow Jones, Canadian dollar, Cocoa, Orange juice, Coffee Friday – Cattle, Cotton… read more
Futures Broker / Grain Calls and News
WHEAT – Steady to up 1 cent per bushel Short-covering supportive but plentiful supply situation continues to cap any gains. CORN – Steady to up 2 cents per bushel Prices receiving some support from talk that China could step up purchases of U.S. corn but gains likely to be limited unless market gets confirmation of… read more
Futures Broker / Grain Calls and News
By Ian Berry OF DOW JONES NEWSWIRES CHICAGO (DOW JONES)– Supply and demand estimates from the U.S. Department of Agriculture Thursday were considered bullish for Chicago Board of Trade corn and neutral for both soybeans and wheat, traders said. The highlight of the reports, traders said, was a surprising cut in both old-crop and new-crop… read more
EIA Energy Stocks Report 6-9-2010
In today’s Monthly Oil Market Report, OPEC raised its estimate of world growth from 3.5% to 3.8% for 2010. Its estimate of world oil demand was roughly the same as last month, at 85.37 million barrel per day. July crude oil is trading higher. The U.S. Department of Energy (DOE) said that crude oil supplies… read more