Tag Archives: market timing

TMV Swing Trading Report – Wheat plunges after sell signal triggered. [chart]

TMV Swing Trading Report – Short May Wheat @ $7.84 – May Wheat traded up to the downward sloping parallel line and tested the 20-day EMA. The market reversed at the parallel line plunged to a new low, breaking below the February 23rd pivot low. I will have updated stops and target objectives in the… read more

TMV Swing Trading Report update – Cocoa breaks hard after triggering sell pattern. [chart]

TMV Swing Trade Report – Short May Cocoa @ 3623 –  Cocoa completed the bullish reaction cycle when the market posted two consecutive reversal dates in a span of five days. Further more, the market formed a bearish peg-leg formation between the two downward sloping reaction lines. Based off the reversal dates and price action… read more

Jobless rates dip to 8.9%

* Payrolls rise 192,000, private jobs up 222,000    * Jobless rate dips to 8.9 percent from 9 percent    * Average workweek steady at 34.2 hours, earnings edge up By Lucia Mutikani    WASHINGTON, March 4 (Reuters) – U.S. employers hired more workers in February than in any month since May last year and the unemployment rate… read more

Reversal dates for the week of February 28 – March 4.

Monday – Cattle, Wheat, Cocoa Tuesday – Heating oil, Silver Wednesday – Sugar Thursday – Hogs, Bean oil, Treasury bonds, Japanese yen Friday – S&P For more information about “action-reaction” reversal dates go to www.tradersnetwork.com and sign up for a free 30-day trial subscription to the Traders Market Views Swing Trading Report.… read more

Market News – Fourth Quarter GDP 3.2%

GDP for the fourth quarter GDP accelerated to a moderately healthy 3.2 percent annualized gain, following a 2.6 percent increase the prior quarter. But the detail was stronger than the headline number. The last quarter of 2010 was led by sharp improvement in net exports to a gap of $392.2 billion from $505.0 billion in… read more

Trading News – U.S. Jobless Claims rise.

Initial jobless claims for the February 12 week rose a steep 25,000 to 410,000. However, claims have been volatile in recent weeks. The latest jump followed a 34,000 drop the prior week and a 38,000 fall the week before that. Off and on severe winter weather has played a role in the volatility. The four-week… read more

Swing Trading Strategies – Short Soybean oil hits target objective! [chart]

TMV Swing Trade report – Short March Soybean oil @ 56.35 – Hit the target! Bean oil traded to a low of 53.31, to close the short position at the 53.35 target objective. From this juncture, I look for Bean oil to bounce off the lower parallel support line and begin to form a new… read more

Swing Trading Strategies – Silver pulls back after reaching upper parallel line resistance. [chart]

March Silver surged to a high of $34.33 overnight and reached the upper parallel line. The market also pasted through the descending reaction line  during the advance. These two lines represent target objectives as well as a confluence of resistance. As I write this, Silver is trading at $32.90–$1.43 cents off the high.… read more

Trading news – Consumer Confidence

Released on 2/22/2011 10:00:00 AM For Feb, 2011 Prior Consensus Consensus Range Consumer Confidence – Level 60.6 65.0 60.0  to 70.0 Market Consensus Before Announcement The Conference Board’s consumer confidence index jumped more than seven points in January to 60.6 with those saying jobs are currently hard to get falling more than 2-1/2 percentage points to 43.4… read more