Tuesday’s Crop Production report indicates that U.S. production will increase 37 percent in the next marketing year, due to an increase in harvested acreage and “unusually favorable” soil moisture in Texas. Looking at the chart, I see a bearish swing pattern forming under the 20-day EMA that could trigger the next market decline. Sell Cotton… read more
Tag Archives: Trading newsletter
Swing Trading Strategies – Reversal Swing dates for May 10 – May 14.
Monday – Treasury Notes Tuesday – Treasury Bonds, Dow Jones Wednesday – Corn, Wheat, Canadian dollar, British pound, Australian dollar Thursday – Eurocurrency Friday – Dollar index, Cocoa, Coffee For more information about Reversal swing dates and the “action-reaction” theory check out “Unlocking Wealth, Secret to Market Timing”.… read more
Swing Trading Strategies for the Dow Jones Futures. [chart]
The Dow Jones futures posted a major reversal on the April 27th reversal swing day , projected several days in advance. The reversal occurred one day after the Dow Jones futures traded to a new 18 month high of 11206. After trading at the new high, the Dow Jones dropped to support before rebounding into the down-sloping reaction line… read more
Futures broker, Update on bullish Silver swing trade. [chart]
On April 29th, I posted a chart of the July Silver with the April 28th reversal date marked as a possible swing low. I also recommended to buy the Silver at $18.48 or lower in the issue of the Traders Market Views Swing Trade report. Silver dipped below the $18.48 during the following session to… read more
Coffee turned lower by the up-sloping median line. [chart]
This chart, of the May Coffee, is a good illustration of the significance of the median (center) line. The line acts as dynamic resistance as the market trends higher. Coffee tested the median line three times during the cycle and failed after the fourth test on April 5. The swing pattern failure signaled an end to the upward trend and triggered… read more
Crude oil is setting up for the next swing higher. [chart]
Crude zoomed through the ascending median line and closed above the prior swing high of 85.43, posted on January 11, 2010. Having used its energy, Crude pulled back to an area of support provided by two action-reaction lines and the 20- day sma. This price action has formed a bullish reaction swing, above the median line, and set up… read more
Reversal Swing Dates for the week of April 12 – 16.
Monday – Wheat Tuesday – Gold Wednesday – Corn, T-Notes Thursday – Dollar index, Canadian dollar Friday – T-Bonds, Silver… read more
Heating oil confirms TR sell pattern with new time and price objectives. [chart]
May Heating oil tested the decending upper parallel line and the 20-day SMA early in the daily session. The resistance held and turned the market lower, where it traded below the prior day’s low, triggering the sell signal (posted in the latest issue of the Traders Market Views Swing Trade Report) and confirming the majar… read more
Short Yen swing trade has reached the median line target objective.[chart]
The sell recommendation made in the March 24, issue of the Traders Market Views was triggered at 1.1019 in the overnight session. The market has contnued to trade lower under heavy pressure and has reached the descending median line target objective at 1.0879. This is the initial target objective and typically offers support after a… read more
Swing trading opportunity setting up for Swiss franc [chart]
June Swiss franc – The Swiss franc is beginning to exhibit a show of strength on speculation that the central bank will begin relaxing a year-old policy of selling the currency to curb its strength. The market has formed a bullish reaction swing with a retest of the 20-day SMA on Monday. This is a… read more