TMV Swing Trade Report – October Sugar has reached the downside target objective and completed the last segment of the longer-term bearish cycle. Sugar tested the upward sloping reaction line support line in conjunction with the June 13th reversal date, fulfilling the criteria for a complete cycle. Since then, the market rallied off the June [...]
Market Alert! Long July Corn has reached the target objective! [chart] John Crane
TMV Swing Trade Report – Long May Corn from $6.53 – Hit the Target! – The long position was closed at the $6.68 target objective. John Crane
Market Alert! – Short May Cotton has reached target objective. [chart], John Crane
TMV Swing Trade report – Short May Cotton from 85.39 – Hit the target! The short position has reached the initial target objective at 82.10. Cotton could find support at the downward sloping median line and form a new bearish signal pattern. The longer-term cycle remains bearish, so I will use a two or three [...]
Market update – Short Australian dollar has reached target objective! [chart]
TMV Swing Trade report – Short June Australian dollar from 1.0120 – Hit the Target! – The short Aussie has reached the target objective one day before the projected May 15th reaction date. The short position closed at .9915. The confluence of support from the downward sloping parallel line and upward sloping reaction line could [...]
Market Alert! – Reaction date signaling possible bullish reversal in Live Cattle. [chart]
June Live Cattle have traded lower into the reaction date, projected for May 9th. The market is also inside the 60% buy zone, adding to the probability of a major reversal. Thursday’s session opened steady, before trading below the prior day’s low (one of the criteria for a reversal) and tested the downward sloping median [...]
Market Alert! – Short Natural gas has reached 1st target objective! [Chart]
June Natural gas – Short from 4.310 – last price @ 4.062 – N-gas confirmed the bearish TR pattern sequence with a trade through the 4.310 trigger price. The market price drop was quick, but did find support at the longer-term ascending parallel line. I look for a short-term bounce to a least a pause [...]
Reaction dates for the week of April 22 through April 26.
Monday – Gold, Japanese yen Tuesday – Soy meal, Crude oil, Silver, S&P, Australian dollar, Japanese yen Wednesday – Live Cattle, Corn, Gold, Coffee Thursday – RBOB gas Friday – Silver
Reaction dates for the week of April 8 through April 12.
Monday – RBOB gas Tuesday – Live Cattle, Eurocurrency, Australian dollar Wednesday – Soybeans, Crude oil, S&P Thursday – Bean oil, Natural gas, Japanese yen, Cotton, Sugar Friday – Lean Hogs, Copper
Market Alert! Short June Gold has reached target objective!
TMV Swing Trade report – Short June Gold from $1594.80 – Hit Target Objective! – Gold has reached the descending median line target objective.
Market Alert – May Corn poised for new price advance! – median line, action, reaction
TMV Swing Trade report – Long May Corn from $7.18 – Exit price at $7.21 1/2 – The long corn position was closed when the market dipped to a low of $7.21 1/2, just touching the profit stop level, before turning higher and resuming the upward trend. The market is poised to push above the [...]