Tag Archives: market timing

Trading News – U.S. Jobless Claims Rise 25,000 last week.

WASHINGTON, Feb 17 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that still pointed at gradual labor market recovery. Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 410,000, the Labor Department said, partially reversing the prior week’s hefty… 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

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

Swing Trading Strategies – Dow Jones hits new high on projected reversal date. [chart]

The Dow Jones futures traded to a new high (12218) before failing and dropping below the low of the prior pivot low. This price action has formed a possible peg-leg topping pattern. It is also important to not that the new high and possible failure, occurred on a projected reversal date I will have more… read more

Swing Trading Strategies – British pound could have one more push higher to end the cycle. [chart]

March British Pound – The two reversal dates—January 25 and January 31—provided support for the quick rally into the ascending median line target objective. The pound tested the median line, as well as the prior swing high at 1.6229, posted on November 4, 2010) before turning lower and trading lower into the minor reversal date… read more

Swing Trading Strategies – Natural gas drops through trigger price to confirm sell signal, what’s next? [chart]

TMV Swing Trading Report – Short March Natural gas – The bearish reaction was confirmed early in today’s session when N-gas traded thorough the 4.250 trigger price. The market quickly traded through the downward sloping median line and is currently trading below the line. For updated information on this trade, or to see new swing… read more

Swing Trading Strategies – Long British Pound nears target objective! [chart]

TMV Swing Trading Report – Long March British pound @ 1.6047 – The market rallied over night and reached a high of 1.6274, just missing the target objective of 1.6280, before pulling back to 1.6190. The pound may try to retest the high and reach the target objective, but it has completed the short-term cycle,… read more

Swing Trading Strategies – Reaction swing triggered buy in British pound. [chart]

In the last issue of the TMV Swing Trading Report I said. “British pound has posted double bottom formations on consecutive reversal dates (January 25th and February 1st). The price action has formed a bullish reaction swing and appears poised for an upward price swing into the ascending median line. “ Overnight, the pound traded… read more

Futures News – Factory sector expands at the fastest pace in 7 years!

WASHINGTON (AP) — The factory sector expanded in January at the fastest pace in seven years, as manufacturers reported a sharp jump in new orders. The Institute for Supply Management, a private trade group, says its index of manufacturing activity rose last month to 60.8. The sector has expanded for 18 straight months of expansion,… read more