The crude oil futures had a breakout setup for today. This was logical, as the OPEC meeting was concluding this morning. The breakout setup gave us a pattern to trade; OPEC gave the catalyst for a tradable move. In last night’s edition of Swing Trader’s Insight (STI) I labeled July crude oil as a… Read more.
Today the gold futures were on the Sell Short day of the Taylor Trading Technique (TTT) cycle. Gold was approaching last week’s high, the highest of the past three weeks, so this was a market to watch today. Friday was the Buy day of the TTT cycle and the market had a bullish pattern, opening… Read more.
On Wednesday the eMini S&P futures sold off out of a breakout setup. The selloff on Wednesday meant we would anticipate a Taylor Trading Buy day for Thursday, and we got a good rally this morning. Tuesday was a breakout setup (range contraction, directionless session). On Wednesday we got what the breakout setup predicted –… Read more.
In last night’s edition of Swing Trader’s Insight I labeled the coffee futures as a (Taylor Trading) Buy day, and I reiterated this call in this morning’s STI watch list. It took a while for the trade to form up but it ended up going well. There were a number of Taylor Trading signals for… Read more.
Following a breakout rally on Monday, the eMini S&P futures had a Taylor Trading Sell Short day signal for Tuesday. The fact that it was up against the contract high made this an interesting setup today. Monday saw a number of moves pout of breakout setups. I wrote about a breakout sale in live cattle;… Read more.
There were a number of markets with breakout setups today – stock indices, some of the currencies, gold, silver, crude oil and soybeans. Live cattle were another breakout move candidate, and its late opening time meant we had time to watch the open this morning. In last night’s edition of Swing Trader’s Insight I labeled… Read more.
The eMini S&P futures had a breakout setup for today, following two narrow range and directionless sessions. The breakout setup gave us a good early morning trade opportunity. Stocks had seen two quiet sessions this week, showing relatively directionless trading around the middle of the recent range. Wednesday’s trade was especially quiet, with an NR4… Read more.
The crude oil futures had a breakout setup for Wednesday, as we often see on the day of the weekly EIA petroleum inventory report. It’s one of my favorite times of the week to look for a trade, as the report often generates a large market move. This week, after Friday’s big upside reversal (I… Read more.
In this morning’s Swing Trader’s Insight watch list, I commented on the eMini NASDAQ futures that we should look to buy a move above 5660.50, the Monday high. This gave us a good trade this morning; here’s how it went. I was more interested in the NQ than the ES today. The ES had a… Read more.
Following a big selloff this week (a little over 11%) and a breakout sale on Thursday, crude oil futures were primed for a rally today, and the Taylor Trading Technique gave us a good method to identify and trade this setup. Crude oil got crushed this week, with big selloffs out of breakout setups on… Read more.