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Sept. eMini Russell Futures: Breakout setup (NR7); use Wednesday’s high and low as reference prices.
Sept. eMini S&P Futures: It’s an “exit breakout buys” day; this suggests we should look for a Taylor Trading Technique Sell Short day. Monday’s high of 1980.50 is the reference price for that trade. Monday’s close was far enough below the high that I would be cautious with shorts- only sell when you see downside momentum.
It has been a very busy week, so without further delay, lets get right to it….
Hooking price action in the Japanese Yen?
Gold is struggling with direction around the $1,300oz area even though it had some knee jerk reaction from Gaza and Malaysian Airlines incident.
Yesterday, the TTT told us to anticipate a selloff and how we could short the market when we had confirmation of the selloff. The TTT posits that markets move in a repetitive action / reaction manner so the odds would favor a rally today.
This is the morning update to Swing Trader’s Insight Advisory, reviewing last night’s signals and adapting them to overnight market activity.
Overnight trading can give you additional patterns for trade setups during the regular trading day, especially for markets like the stock index futures.
I don’t write about hedging crops all the time, but when I notice something in the markets I like to put it out.
Wednesday is here…..time to ring the mid-week bell.