Tag Archives: Swing trade signals

U.S. Jobless claims jump most in 6-months!

The U.S. trade deficit narrowed unexpectedly in November as exports climbed to the highest level in more than two years, government data showed on Thursday. KEY POINTS: * The number of Americans filing for first-time unemployment benefits rose to 445,000 from an upwardly revised reading of 410,000 in the prior week, the Labor Department said. * It was the… read more

Swing Trading Strategies – Avoiding Disaster in Soybeans. [chart]

In the January 11th issue of the Traders Market Views Swing Trading report, I commented on a trade I had made earlier to sell March Soybeans, following a failed swing pattern on after Soybeans made a new high on January 3rd.  Typically, a failed swing pattern will trigger a significant price move in the opposite… read more

Swing Trading Strategies – “Action-Reaction” pattern signals buy for Japanese yen. [chart]

March Japanese yen tested support and reversed inside the buy zone. The yen rallied off the lower parallel action line with very good separation from the low. This is a bullish swing trade setup and suggests the corrective pullback has ended and could be forming a bullish reaction swing. A trade above 1.2080 would confirm… read more

Swing Trading Strategy – Projected Reversal Date picks low in Gold. [chart]

The February Gold has reached the descending median line and fullfilled the critera for the reversal signal, triggered by the January 4th reversal date. Gold traded lower into the January 6th reversal date and tested the median line support, setting up a potential reversal. (A market will typically reverse at the media line.)  The next… read more

Swing Trading Strategies – Reversal date triggers 30-cent rally in Wheat! [chart]

March Wheat traded to a new high, on the January 3rd reversal date. The new high was followed by a price decline on January 4 and early in the January 5th session, before the reversal date kicked in and triggered a 32-cent rally. The reversal rally has regained all of the previous day’s losses as… read more

Futures News – EIA Data – Crude Stocks fall!

* Crude stocks fall 4.16 million barrels * Distillate inventories rise 1.15 million barrels * Gasoline stockpiles rise 3.29 million barrels * Cushing inventories up 858,000 barrels NEW YORK, Jan 5 (Reuters) – U.S. crude inventories fell more than expected in the final week of 2010 and refined product stocks rose, according to a weekly report… read more

Swing Trading Strategies – Silver Peaks on Projected Reversal Date! What’s Next? [chart]

March Silver – The January 3rd reversal date triggered a significant reversal after March Silver futures posted a new multi-year high on Monday, January 3, 2011. Tuesday’s session began with a lower gap opening and the market continued to fall under heavy selling pressure, dropping $1.80 before making a slight rebound into the close. This… read more

Swing Trading Strategies – Projected Reversal Date Identifies Major Top in Crude oil! [chart]

February Crude oil –Monday’s new high was preceded by a three-day corrective pullback that had formed a potentially bullish reaction swing. Crude traded above the prior swing high (91.88 posted on December 27, 2010) but failed to close beyond the 91.88 high. Instead, the market pulled back inside the swing pattern and closed near the… read more

Reversal Dates for the week of January 3 through January 7.

Monday – 1/3 – Wheat, Silver, Dow Jones, Australian dollar Tuesday – 1/4 – Bean oil, Crude oil Wednesday – 1/5 – Corn, Wheat, S&P, Dollar index, Eurocurrency, British pound Thursday – 1/6 – Cattle, Soy meal, RBOB gas, Natural gas, Heating oil, Gold Friday – 1/7 – Silver, Cotton Reversal dates are dates projected… read more