From the April 26, 2011 issue of the TMV Swing Trading Report. May Silver – During Monday’s session (April 25, 2011) Silver surged $3.76 to reach a new contract high at $49.82. The huge price spike was spurred by speculation that China will buy precious metals to diversify its foreign-exchange reserves. The market quickly gave… read more
Tag Archives: price action
Reversal dates for the week of April 25 – April 29
Monday – RBOB gas, Sugar Tuesday – Silver, Cocoa Wednesday – Hogs, Japanese yen Thursday – Gold, Copper Friday… read more
Swing Trading Strategies – Projected reversal date pegs high in Corn! [chart]
May Corn – Corn traded sharply higher, reaching a high of $7.68 and reaching the 60% sell zone, before Wednesday’s (April 20, 2011) projected reversal date kicked in and turned the market lower. Corn tumbled over 29 cents into the close, finishing the day as an “outside” day with a bearish tail. This price action… read more
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Swing Trading Strategies – Coffee hit the Target! Closes long position for big gain! [chart]
TMV Swing Trading report – Long May Coffee @ 276.96 – Hit the target! Coffee traded sharply higher overnight and traded through the target objective and closed the long position at 292.75…for a big gain!… read more
Swing Trading Strategies – Coffee soars to new high on projected reversal date! [chart]
TMV Swing Trading report – Long May Coffee @ 276.95 – Coffee recovered from the short-term pullback, during Monday’s session, and traded to a high of 291.30…a new four-week high! Raise the profit stop to 284.95 and keep the target objective at 293.75.… read more
Swing Trading Strategies – S&P confirms reaction swing sell. [chart]
The S&P is turning bearish. This is a market I have been watching ever since it failed to trade above the prior swing high (1337.75 posted on February 18, 2011) on the April 5th test. The market rolled over and formed a bearish reaction swing between April 13, 2011 and April 15, 2011. Today’s price… read more
Swing Trading Strategies – Coffee surges higher! [chart]
TMV Swing Trading Report – long May Coffee @ 276.95 – current price @ 287.80 – Coffee is currently trading 5.40 points higher for the day. The current price actions us to raise the profit stop to 282.75. … read more
Swing Trading Strategies – Silver has fulfilled Time and Price target objectives. What is the next move? [chart]
Silver has completed the longer-term bullish reaction cycle and reached the upside target objective, inside a cluster of projected reversal dates. This price action has fulfilled both time and price projections. The market is beginning to show signs of rolling over, which could result in a trend shift or, at the very least, a sharp… read more
Swing Trading Strategies – Coffee surges after buy signal is confirmed [chart]
TMV Swing Trade report – Long may Coffee @ 276.95 – current price @ 279.50 – Coffee rallied to a high of 281.90, surpassing the prior swing high of 281.15, soon after the buy signal triggered at 276.95. The stop loss can be placed at 274.75. I look for the market to continue to trade… read more