The dt Futures Blog is a great place to learn about commodity futures trading and investing. Insightful educationally-focused articles on topics ranging from choosing a futures broker to commodities trading strategies and risk management are published frequently.
Nov. Soybeans: It’s due for a TTT Buy day however we don’t want to go long until we see upside momentum. Maybe we’ll see a rally when the day session gets going- watch the overnight low at 941-0. Even though it looks “cheap” longer term, don’t use that as an excuse for trying to pick a bottom.
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Dec. eMini S&P Futures: Thursday was a rally out of a doji; anticipate an “exit breakout buys” / Taylor Trading Technique Sell Short day today. Yesterday’s high of 2005.50 is the SS day reference price and you can also watch the overnight swing low at 2007.50 as a reference price. Downside levels to watch are 2004.50 (daily trend line) and 2002.75 (9/3 swing high).
Dec. eMini Dow Futures: Breakout setup (NR4, doji); will another move above yesterday’s high (17134) see a breakout rally?
Dec. eMini S&P Futures: It’s an “exit breakout buys” day so a Taylor Trading Technique Sell Short day is anticipated; 1994.50 is the reference price for it. Look for a potential breakout move after the FOMC meeting communique and again during / after Yellen’s press conference. I would likely favor the short side post-FOMC although logic says to keep an open mind, and the market may be volatile.
Monday’s stock market selloff gave a Taylor Trading Technique Buy day setup for the eMini NASDAQ futures. Today’s action was a textbook TTT Buy day rally.
Dec. eMini S&P Futures: Breakout setup (NR7, doji). Chart based breakout levels are yesterday’s high of 1979.00 and low of 1968.00. Trade or Fade (my breakout trade advisory) has breakout levels at 1984.25 up and 1969.25 down.
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.
Trade signals for the Taylor Trading Technique are clear cut much of the time. We should look to go long on a TTT Buy day and go short on a TTT Sell Short day. On occasion Mondays can be an exception to this; here’s an example of how to identify and trade an exception.
Dec. eMini S&P Futures: It’s on the Buy day of the Taylor Trading Technique cycle. Friday’s low of 1979.50 is the “official Buy day reference price; watch last Wednesday’s low of 1973.75 as a pivot point for a rally. Upside objectives are 1985.50 and then 1980.