The Taylor Trading Technique (what I use for my Swing Trader’s Insight advisory) said to anticipate a Sell Short day for soybean futures today. This turned out to be a great example of what a Taylor Trading day looks like. Yesterday I wrote about yesterday’s Buy day in soybean futures (I wrote about that HERE.) … Read more.
Soybean futures were on the Buy day of the Taylor Trading cycle today. After an overnight selloff, the day session open gave a good opportunity to get long for the ensuing rally. Following an NR7 and inside day on Monday (range contraction patterns), March soybeans had a breakout setup for Tuesday. Tuesday then had a… Read more.
Treasury Bond futures had a breakout setup today, as might be expected ahead of today’s testimony by Fed Chair Yellen. Bonds had spent the past two days consolidating around the midpoint of the January – February rally so it was logical to look for a move away from that level today. Monday was an NR7… Read more.
Today the gold futures were on the Buy day of the Taylor Trading cycle. I’ve been look for a break to buy in the gold; today’s early selloff was a good opportunity to do so. Gold has rallied since mid-December, moving higher on a combination of rising inflation expectations, comments from the Trump administration that… Read more.
We identified today as a breakout setup because of a number of patterns.
Coffee futures had a breakout setup for Monday. It ended up having a smaller range on Monday and it was a doji bar as well so the breakout setup carried over to Tuesday. The result was a big range move today. Coffee is one of my favorite markets for breakout trades so on Monday… Read more.
The Trump administration wasted no time in working to talk down the US Dollar. Numerous officials (Mnuchin, Scaramucci, Pence) have all commented that the strong US Dollar hurts US competitiveness in global markets. In an interview with the Wall Street Journal, President Trump said “our currency is too strong. And it’s killing us.” Additionally the… Read more.
The eMini S&P futures had two conflicting setups today. As is always the case, the market is the boss; we let the market decide which way it wants to go and we look to go with the trend. Last Thursday the March eMini S&P made a contract high. The daily bar had breakout setup patterns… Read more.
For the past two days I’ve been looking for a breakout move in the sugar futures. Instead of a move, the range tightened up again on Friday. Will this result in a move on Monday? March sugar futures had a breakout setup for Friday; Thursday was an inside day, an NR7 and a doji bar.… Read more.
By the Taylor Trading Technique, today was a Sell Short day for the eMini S&P futures. I wasn’t enthusiastic about this signal however I have been asked about shorting it over the past couple of days so I thought I’d write about it. I had subscribers interested in shorting the ES after Tuesday’s push above… Read more.