TMV Swing Trade Report – Long December Coffee @ 202.05 Coffee exploded higher after rebounding off a confluence of support where the upward trending parallel line and 20-day EMA joined. The market had formed a continuation pattern that ended with a one-bar spike to support. The price action suggests Coffee is poised to advance into… read more
Tag Archives: market timing
Swing Trade Strategies – Long December Crude oil reaches 1st target objective! [chart]
TMV Swing Trade report – Long December Crude oil @ $83.31. December Crude oil reached the initial target objective at $86.50. The longer-term cycle still remains bullish with futures reversal dates projected for November 11 and November 16 with a major target objective at $90.00. I will look for a short-term pullback or consolidation for… read more
Initial Jobless Claims – 11/4/2010: Futures News
WASHINGTON, Nov 4 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, government data showed on Thursday, underlining the persistent weakness in the labor market. Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 457,000, the Labor Department said, reversing the prior week’s decline. Analysts polled by… read more
Swing Trading Strategies – Gold confirms major TR pattern sell signal. [chart]
Gold has triggered a sell signal after failing inside the 60% sell window. Gold has been forming a bearish TR pattern over the past two weeks after reaching the target objective where the ascending upper parallel line (green) intersected the descending reaction line (red) in conjunction with the projected reversal date (October 13th). Gold posted… read more
Swing Trading Strategies – “Action-Reaction” projects higher Crude oil into November 16th. [chart]
If you have read any of my books or are a frequent reader of my newsletter and blogs you have probably seen me talk about a 3-wave or 5-wave continuation pattern. When identified correctly, this can be used to project price the time , price and duration of a future price move. The pattern will… read more
Swing Trading Strategies – Is the decline in Dollar index coming to an end? [chart]
The long-term decline in the Dollar index may be coming to an end or due or a corrective rebound. Over the past three weeks the Dollar index has formed a bullish TR pattern following the spike low on October 22. The spike low formed the (B) of an (A) -(B) bottom formation, followed by a… read more
Reversal dates for the week of November 1 – November 5
Monday – Cattle, Soy meal, Japanese yen Tuesday – Bean oil, S&P Wednesday – Cocoa, Hogs Thursday – Corn, Soybeans, Heating oil Friday – Crude oil, Eurocurrency… read more
Update for Long November Soybean position.
The TMV Swing Trading Report is currently long the November Soybeans @ $12.25. Tomorrow (Friday, October 29, 2010) is the 1st notice day for the November contract. Therefore, I recommend exiting the long position at today’s close.… read more
Initial Jobless Claims – Futures News, Broker, Commodities News (10/28/2010)
* Initial jobless claims fall 21,000 last week * Claims lowest in three months * Continuing claims lowest in nearly two years WASHINGTON, Oct 28 (Reuters) – New U.S. claims for unemployment benefits fell last week to a three-month low, hinting at some improvement in the listless labor market. Initial claims for state unemployment benefits… read more
Reversal Dates for the week of October 25 – October 29
Monday – S&P, Dollar index, Eurocurrency, British pound Tuesday – Wednesday- Thursday – Corn, Soy meal, Dow Jones, Coffee Friday – Soybeans, Bean oil, Crude oil, Treasury bonds, Dollar index… read more