TMV Swing Trade Report – June Gold – Short from $1454.50 – Current price $1394.00 – Gold has reached the latest sloping reaction line target objective. I expect to see a bounce off the line. It is time to close the current short position for a hefty gain. I will continue to monitor the market [...]
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 [...]
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 – 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 – Reaction date triggers reversal in March Eurocurrency! – action reaction, John Crane
March Eurocurrency – The euro traded to a new low of 1.2965 during Wednesday’s session, taking out the prior low of 1.2967 from March 1st. The new low occurred one day before the March 7th reaction date and followed a three-day reaction swing. A bearish reaction swing would normally indicate a continuation of the trend. [...]
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 [...]