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 [...]
Market Alert – New buy signal triggered in May Wheat, new target determined. Action reaction, swing trading
TMV Swing Trade report – Long May Wheat from $7.31 1/2 – last price @ $7.37 1/2 – Wheat futures dipped into the March 26th reversal date, where it found support at the upward sloping red line. The market reacted to the reversal date and the longer-term reaction swing (3/20 to 3/23) and traded above [...]
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 [...]
Market Alert – Reversal date low could spark recovery in Live Cattle.
TMV Swing Trade Report – Live Cattle dipped below Friday’s low (127.12) and posted a new low of 127.02 on the projected reaction date. As soon as the market traded at the new low, a surge of buying entered the market and triggered a reversal date Cattle turned higher. The price action suggests Monday’s reaction [...]
Market Alert – Soybeans approaching target objective!! – median line, price action, reversal date
Long March Soybeans from $14.29 1/4 – current price @ $14.67 1/2 – Soybeans have rallied off the double bottom, formed on the upward sloping parallel line, and have surged throughout the trading session. The market is approaching the downward sloping (red) parallel line, where it could hit resistance. This is a good level to [...]
British Pound prediction using Action-Reaction and Market Timing Intelligence!
During the January 31st live webinar, I was asked about the March British pound futures. I said the three-day counter-trend rally had pushed higher, into the projected reversal date in conjunction with reaching the Red line resistance. Based on his Market Timing Intelligence methodology, I projected a reversal for the British pound and said it [...]
Market Alert! – Sharp price decline reaches median line target objective for short December Japanese yen
TMV – Swing Trade report – Short December Japanese yen – short from 1.2083 – last price @ 1.2024 – I have been waiting for the Yen to break out of the recent consolidation pattern. It finally happened this morning, so I recommend using the sharp price decline as an opportunity to cover the short [...]
Market Alert! Bullish TR pattern sets up bullish signal pattern in December Copper.
December Copper appears to be forming a “double cross” bullish reaction swing at the 20-day EMA. A trade above the (C) high of 3.5405 will confirm bullish reaction swing and trigger a new upward price advance. Buy Copper at 3.5415 stop, with a stop loss underneath the (D) pivot low.