TMV Swing Trade report – Long March Wheat @ $8.10. March Wheat continues to climb towards the projected target objective of $8.65. The long position was triggered after March Wheat traded lower and found support at the 20-day EMA of the January 2oth reversal date. Two days later, Wheat traded through the ascending median line… read more
Tag Archives: Trading newsletter
Futures News – US New Home sales Surge in December!
NEW YORK, Jan 26 (Reuters) – New U.S. single-family home sales in December rose to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery. KEY POINTS: * The Commerce Department said sales jumped 17.5 percent to a seasonally adjusted 329,000 unit annual rate after a… read more
Swing Trading Strategies – Reversal date triggered major sell in Crude oil! [chart]
In last night’s issue of the TMV Swing Trade report I said, ” Crude oil traded above the prior day’s high (93.02) before the reversal date kicked in and turned the market lower. Crude continued lower for the remainder of the day and closed near the low of the daily price range. The negative reversal date… read more
Futures new – Housing Starts Lowest Since 2009
WASHINGTON, Jan 19 (Reuters) – Groundbreaking on new U.S. home construction fell more than expected in December to its lowest in over a year, suggesting the battered housing sector remains a major roadblock to economic recovery. U.S. housing starts dropped to an annual rate of 529,000 units, the Commerce Department said on Wednesday, down from November’s 553,000 and well below… read more
Energy and Food costs drive U.S. Producer Price higher.
WASHINGTON, Jan 13 (Reuters) – U.S. producer prices rose more than expected in December as energy and food costs surged while underlying inflation remained subdued, highlighting a divergence that complicates the outlook for monetary policy. Prices at the wholesale level climbed 1.1 percent after a 0.8 percent rise in November, the Labor Department said on Thursday. Economists had been… 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
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