Tag Archives: market timing

Swing Trading Strategies – Buying opportunity in Gold? [chart]

Gold has been trading on both sides of the ascending median line. The market crossed above the median line during today’s session and is once again trading on the strong side of this momentum line. The price action is suggesting the market has built up enough energy to continue the upward trend and move toward… read more

Consumer Spending rises 0.7 % in February

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) — Consumers spending rise in February at the fastest pace in four months, but a big part of the increase went to cover higher prices for gas. The Commerce Department says consumer spending rose 0.7 percent in February. Personal incomes rose 0.3 percent. That was after a 1.2 percent January… read more

New-home sales plunged in February to record low.

WASHINGTON (AP) — Buyers of new homes plunged in February to the fewest on records dating back nearly half a century, a dismal sign for an already-weak housing market. The Commerce Department says new-home sales fell 16.9 percent last month to a seasonally adjusted annual rate of 250,000 homes. It’s the third straight monthly decline and far below the… read more

Swing Trading Strategies – Update of short May Coffee recommendation. [chart]

From last night’s issue of the TMV Swing Trading report – May Coffee – Short from 275.25 – exit price @ 270.70 – After the sell was triggered at 275.75, coffee traded sharply lower until it touched the ascending lower parallel line (green line). The lower parallel line is a line of support and the… read more

Swing Trading Strategy – Short Coffee update!

TMV Swing Trading report – Short May Coffee @ 275.25 – After trading through the trigger price to confirm the sell at 275.25, coffee continued to trade lower until it found support at the lower ascending parallel line.  The current price action suggests Coffee may bounce off support and trade back to the 20-day EMA… read more

Reversal dates for the week of March 14 through March 18.

Monday – Lean Hogs, Treasury Bonds, Japanese yen Tuesday – S&P Wednesday – Soybeans, Soy meal, Bean oil Thursday – Live Cattle, Copper Friday – Wheat For more information about swing trading with reversal dates go to www.tradersnetwork.com.… read more

Market news – Retails sales spike in February.

Released on 3/11/2011 8:30:00 AM For Feb, 2011 Prior Consensus Consensus Range Actual Retail Sales – M/M change 0.3 % 1.0 % 0.1 % to 1.5 % 1.0 % Retail Sales less autos – M/M change 0.3 % 0.7 % 0.3 % to 1.3 % 0.7 % Highlights Retail sales spiked in February on higher auto sales and on higher gasoline sales. But other components were mostly robust. And… read more

U.S. Jobless claims

WASHINGTON, March 10 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, but held below a key level associated with labor market recovery.    Initial claims for state unemployment benefits increased26,000 to a seasonally adjusted 397,000, the Labor Department said, after falling to a 2-1/2… read more