By K.T. Arasu CHICAGO, May 9 (Reuters) – Investors will get a strong dose of fundamental trading points in grains this week from a set of government data expected to point to growing stockpiles of corn and soybeans in the United States. The possibility of damage to the corn crop from freezing temperatures that were… read more
Tag Archives: Futures
Swing Trading Strategies – Reversal Swing dates for May 10 – May 14.
Monday – Treasury Notes Tuesday – Treasury Bonds, Dow Jones Wednesday – Corn, Wheat, Canadian dollar, British pound, Australian dollar Thursday – Eurocurrency Friday – Dollar index, Cocoa, Coffee For more information about Reversal swing dates and the “action-reaction” theory check out “Unlocking Wealth, Secret to Market Timing”.… read more
Futures Broker / Grain News
WHEAT – Down 1 to 3 cents per bushel. Slow exports of U.S. wheat and plentiful global stockpile of wheat continues to act as an anchor on the wheat market. Some underlying support due to fact wheat market is loaded wit short-sellers, leading to occasional bouts of short-covering rallies. CORN – Up 1 to 2… read more
Swing Trading Strategy for Dow Jones futures [chart]
June Dow Jones –The Dow futures plunged 994 points, to a low of 9840, before a short-covering rebound. The April 27th and May 3rd reversal dates identified the major highs that formed the bearish TR pattern in the Dow Jones futures that signaled the trend shift and triggered the sell. However, today’s wide range day… read more
Swing Trading Strategies – Reversal date pinpoints Swiss franc reversal. [chart]
The reverse-forward count, from the TR swing pattern (March 17 – April 4), was used to project a future reversal swing date on May 6th. The “action-reaction” line also forecast a price target objective at the intersection of the down-sloping median line and the up-sloping reaction line (8920). The Swiss franc breached the target objective on the predicted date and… read more
Futures Broker/ Soybean News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Thursday’s day session with a mixed undertone, as support from solid demand and uncertain crop potential battle the bearish influence of outside markets. Futures are garnering underpinning strength from the uncertainties surrounding the 2010 planting season and a tight… read more
Swing Trading strategies – Gold turns on projected reversal date. [chart]
The dramatic sell-off Gold began early Tuesday morning after the market traded to a new 5-month high of $1192.80. The market hit resistance at the 1.272% Fib extentsion before the heavy selling was triggered by the debt crisis in Greece. Gold tumbled to a low of $1156.20 on Wednesday ( a projected reversal swing date) and… read more
Swing Trading Strategies for the Dow Jones Futures. [chart]
The Dow Jones futures posted a major reversal on the April 27th reversal swing day , projected several days in advance. The reversal occurred one day after the Dow Jones futures traded to a new 18 month high of 11206. After trading at the new high, the Dow Jones dropped to support before rebounding into the down-sloping reaction line… read more
Futures Broker/Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Strong dollar, solid condition ratings for the U.S. winter wheat crop and a plentiful supply of wheat combine to weigh on wheat futures. Market underpinned by cold snap late this week in the U.S. that may harm some of the headed wheat. CORN – Down 2… read more
Futures broker, Update on bullish Silver swing trade. [chart]
On April 29th, I posted a chart of the July Silver with the April 28th reversal date marked as a possible swing low. I also recommended to buy the Silver at $18.48 or lower in the issue of the Traders Market Views Swing Trade report. Silver dipped below the $18.48 during the following session to… read more