Futures news – NEW YORK, Nov 16 (Reuters) – U.S. private employers added 297,000 jobs in December compared with a revised gain of 92,000in November, a report by a payrolls processor showed on Wednesday. The November figure was originally reported as a gain of93,000. The median of estimates from 27 economists surveyed by Reuters for… read more
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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
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 – 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
Futures news – Opening call for Grains.
WHEAT – Down 2 to 3 cents per bushel. – Profit-taking is expected after Tuesday’s rally peaked around $8 a bushel. Poor condition of Australian crop continue to support the Wheat market. CORN – Down 1 to 2 cents per bushel. – A setback can be expected following the nine-session winning streak in which prices hit highest… read more
Reversal dates for the week of December 27 through December 31
Monday – Soybeans, Dow Jones, Eurocurrency, Japanese yen Tuesday – Corn, Dollar Index, Cocoa Wednesday – Natural gas, Coffee Thursday – Hogs, Soy meal, Bean oil, S&P Friday – British pound… 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