In last night’s issue of the TMV Swing Trading Report I wrote about the confluence of resistance displayed on the February Lean Hogs chart. Prices had advanced slightly through the short-term ascending median line and were poised to test the long-term median line, as well as testing the prior major swing high of 81.37, posted… read more
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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
Swing Trading Strategies – “Action/Reaction” setting up potential sell pattern in N-gas. [chart]
February Natural gas has been trading higher, after bouncing off the descending median line. The eight-day rally advanced Natural gas into the December 28th reversal date, setting up a potential bearish reaction swing. However, the December 28th reversal date failed to trade above the prior high–needed to set up the sell pattern. The following day–Thursday, December 29th–did… read more
Futures news – U.S. Crude oil stocks down again this week.
NEW YORK, Dec 30 (Reuters) – U.S. crude oil inventories fell less than expected last week as refinery utilization rose, according to a weekly report from the Energy Information Administration on Thursday. Domestic crude stocks dropped by 1.26 million barrels to 339.43 million barrels in the week to Dec. 24, the report showed, against expectations… read more
Futures news – Initial Jobless claims drop 34,000 last week
WASHINGTON, Dec 30 (Reuters) – New U.S. claims for jobless said hit their lowest level in more than two years last week and factory activity in the Midwest grew in December at its fastpace since 1988, evidence the recovery was gaining steam. Views economic activity accelerated in the fourth quarter were hardened by another report… read more
Swing Trading Strategies – How to use the Median line for a low-risk entry. [chart]
One on the most useful median line trading principles comes into play after the market trades through and closes beyond the median line. This is an indication of strength and it also identifies a low-risk entry point to allow traders to get on broad, if they missed the initial price move, or wish to add to existing… read more
Swing Trading Strategies – Tax Incentives aid bullish reaction cycle in Crude oil. When will it end? [chart]
Crude oil futures remain above the ascending median line support and continue to climb into the January 4th reversal date. The market has been following the bullish cycle in textbook fashion, after breaking out of the latest reaction swing pattern, formed between December 6, 2010 and December 10. 2010 reversal dates. The upward trend is… read more
TMV Swing Trading report – Update on Long February Hogs position. (chart)
TMV Swing Trading report – Long February Hogs @ 75.75 – Higher than expected cash prices due to high demand triggered a strong rally in February Hogs. The price surge stalled after the price advanced above the prior swing high and reached the ascending median line. It is time to exit the long Hogs position… read more
Swing Trading Strategy – March Coffee reaches reaction line target objective! What’s next? [chart]
In last night’s issue of the TMV Swing Trading report I wrote, ” – One of Dr. Alan Andrew’s (the Andrew’s Pitchfork is named after him) trading principles states that the market should reach the latest median line 80% of the time. The current chart of March Coffee offers a very good example of this… read more
Swing Trading Strategy – The Median line and the 80% rule. [chart]
One of Dr Alan Andrew’s trading principles ( the Andrew’s Pitchfork is named after him) states that the market should reach the median line 80% of the time. The current chart of March Coffee offers a very good example of this Andrew’s trading principle in action. In the last issue of the TMV Swing Trading… read more