TMV Swing Trade Report – Long from 1.5905 – The market failed to hold the new high and pulled back pulled back to the reaction swing. Exit the long position and wait for new signal.
Market alert! – Possible swing pattern failure in Australian dollar
TMV Swing Trade Report – Long from 1.0770 – The market traded to a new high, but it has failed to hold the gains and pulled back to the reaction swing. This is weakness and could be signaling a swing pattern failure. Exit the long position and stand aside.
Market Alert! – Long May Corn has reached first target objective!
TMV Swing Trade report – Long May Corn from $6.47 1/2 – last price @ $6. 57 – Corn did trade out of the top of the wedge formation and reaction swing. However, the delayed breakout caused Corn to trade higher into the projected reversal date and the first target objective. I suggest taking part [...]
Market news – Oil Set for Best Monthly Advance Since October on Recovery Signs, Iran
Oil rose, heading for its best month in New York since October, amid signs of economic recovery and concern that tension with Iran threatens global crude supplies. West Texas Intermediate futures climbed as much as 0.8 percent after sliding yesterday the most in five weeks. Industrial output in Japan and South Korea beat estimates and [...]
Market Alert! – Silver reaches reaction line target objective!
Long May Silver from 35.83 – Silver continued to trade higher, after it moved through the upward sloping median line. The market is currently trading at 37.10 after reaching the short-term the intersection where reaction line target objective crossed the upper parallel line. There is a high probability of a short-term pull back at this juncture, [...]
Market Alert! – Long May Silver has reached target objective!
TMV Swing Trade Report – Long May Silver @ 35.83 – last price 36.29 – After climbing along the lower parallel line and testing the 20-bar EMA, (basis the 30-minute chart) Silver surged higher and approached the upward trending median line. The market has reached my initial target objective. For more information on Market [...]
Soybean Reserves Shrinking Most Since ’96 Amid Brazil Drought: Commodities
Global reserves of soybeans are shrinking the most in 16 years as demand for food, feed and fuel rises, creating the biggest-ever exports for U.S. farmers. Inventories (US38ESWR) at the start of the next season on Oct. 1 will be 20 percent lower than a year earlier, Jefferies Bache LLC predicts. Prices that rose 8.3 percent since Dec. [...]
Durable Goods Orders in U.S. Slump 4%, Most in Three Years
Orders for U.S. durable goods fell in January by the most in three years, led by a slowdown in demand for commercial aircraft and business equipment. Bookings (DGNOCHNG) for goods meant to last at least three years slumped 4 percent, more than forecast, after a revised 3.2 percent gain the prior month, data from the Commerce [...]
Price correction for new Long May Corn recommendation.
TMV Swing Trade report – I have $6.47 1/2 listed as the trigger price for the new entry price for May Corn. The correct price is $6.50 1/2.
Reversal Dates for the week of February 27 through March 2.
Monday – Canadian dollar Tuesday – Live Cattle, Bean oil, Eurocurrency, Coffee Wednesday- Silver Thursday – S&P, Dow Jones, Cocoa Friday – Corn, Soybeans Learn how to use Reversal dates to enhance your market timing. Click here for tutorial video.