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 – 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 [...]
Market Update – Short March Silver reaches Target Objective! swing trading, action, reaction
TMV Swing Trading Report – Short March Silver from 32.97 – Exit price @ 31.42 – Hit the Target! March Silver reached the short-term reaction line target objective as it continued the downward trend into the December 20th reversal date.
Market Update – Sliver peaks inside 60% sell window – sell signal confirmed.
March Silver – The counter-trend rally ended after the market peaked inside the 60% sell window. Wednesday’s rally pushed the market just past the 60% level (33.73) and closed against the downward sloping parallel line, setting up a possible bearish reaction swing. The sell pattern was confirmed today, after Silver opened lower–leaving a gap–and traded [...]