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In this morning’s Swing Trader’s Insight watch list (read it HERE) I noted that the December live cattle futures were on a Buy day according to the Taylor Trading Technique. Cattle are is a strong uptrend; finding trend entries in a strongly trending market can be a challenge. Before Monday, 163.87 had been the contract… Read More.
Dec. eMini S&P Futures: It has a breakout setup (NR7, doji). I’ll look for a potential breakout move after the 8:30 open. For breakout reference prices we can watch 1967.00 (overnight high) on the upside; 1957.75 (overnight low) and 1955.50 (Monday low) on the downside.
In our “Get to Know Your Broker” article series, Leslie Burton discusses her background, trading philosophy, favorite strategies and more!
The US Dollar has been relentless in pressuring the global markets! The strong dollar makes US goods more expensive and pins the other currencies and tangible commodities such as Gold.
Dec. eMini S&P Futures: By the Taylor Trading Technique I have today as a Sell Short day; 1977.00 is the reference price. Make sure there’s downside momentum before shorting it.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
Dec. eMini S&P Futures: It’s a Taylor Trading Technique Sell day; the daily down trend and breakout setups in the other stock indices add to the downside pressure. Watch the 1968 area as an upside pivot point this morning and Friday’s low of 1956.50 down.
Gold is currently trading at $1,218.40 (Z4) per troy oz., -$18.60 lower at the same time last Friday. Silver is currently sitting at $17.51 (Z4) per troy oz. down another -$1.50 from last Friday; both markets are at or below major support and still looking very weak.
Dec. T Bond Futures: It’s an “exit breakout buys” day so a Taylor Trading Technique Sell Short day can be anticipated; 138-00 is the SS day reference price. 137-30 is a significant Fibonacci retracement level and an indication for longer term trend.
I am sitting here watching my screen bleed itself to death and the contrarian in me is looking for something to buy..