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Home / Futures Blog / Swing Trader’s Insight Futures Watch List for February 10

Swing Trader’s Insight Futures Watch List for February 10

February 10, 2015 by Scott Hoffman

China posted lower than expected inflation numbers in January, boosting sentiment the PBoC will continue to move to stimulate the Chinese economy. Greek PM Tsipras is scheduled to meet with EU finance ministers on Wednesday amid signs that Greece is moving to a more conciliatory stance about refinancing Greek debt. The Greek news gave stocks a boost. There’s no significant US data out today. At 9 AM CT is the Dec. JOLTS job openings report; it is expected to show a rise of 18K after a big jump of 142K in November.

March EMini S&P Futures:  It’s a Taylor Trading Technique Buy day and Monday was an NR7 day so there’s a breakout setup as well. Use the Monday high of 2051.75 as the reference price.

March T Bonds:  Breakout setup (NR4, doji); look to be short if it’s below 147-02.

March Yen:  Look to sell against the Friday low of 8390.

March Euro:  Breakout setup (NR4, doji); use Monday’s high and low as reference prices.

April Gold:  Breakout setup (ID, NR7 Monday); for downside breakout levels use the overnight low of 1233.30 and then Friday’s low of 1228.20.

March Sugar:  Watch the Friday high of 14.90 for either an upside breakout (ID on Monday) or a Taylor Trading Sell Short day.

April Lean Hogs:  Buy day; watch 67.77 as a pivot point on the upside.

Grains:  There’s a USDA report out at 11 AM and there are a number of markets with breakout setups- consider taking early breakout trades and then keep an open mind for after the report.

March Soybeans:  Breakout setup; start with Monday’s high and low as reference prices.

March Wheat:  Another breakout setup; on the upside use Friday’s high (534-0); on the downside use yesterday’s low of 521-4.

March Soymeal:  Look to sell a break below the 2 Feb. low of 327.50 for a breakout trade.

Swing Trader's Insight Essential Reference Guide Cover

Essential Guide for Futures Swing Trading

In this guide, experienced trader and broker Scott Hoffman explains the trading methods he uses to analyze and trade the futures markets and to publish his trade advisory, Swing Trader’s Insight.

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Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

Filed Under: Swing Trader's Insight

About Scott Hoffman

Scott graduated from the University of Chicago in 1986 with a degree in Economics. After graduation, Scott worked on the floor of the Chicago Mercantile Exchange then moved upstairs, serving as the personal broker to a former chairman of the Chicago Board of Trade. There, he worked as a broker and margin manager, starting up the firm’s full service brokerage division.

Today, Scott serves as an educator and mentor for new traders, and as a trading partner and ally for experienced traders. The breadth and depth of Scott’s knowledge make him the “go to guy” for both retail and institutional traders.

Scott also publishes two futures advisories, Swing Trader’s Insight and Trade or Fade. He also writes the futures trading blog at www.futuresinsightblog.com. Scott has written articles for a number of futures publications and has done numerous futures trading seminars, including seminars for both the CBOT and CME.

Scott offers his customers the knowledge he has gained from his more than 25 years of experience in the futures business. Scott is accepting new clients at this time.

Scott lives in suburban Chicago with his wife and three children. In his free time he enjoys coaching his children’s sports and various other athletic activities.

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Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

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