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In this morning’s comments for Swing Trader’s Insight I pointed out that the T Bond futures had a breakout setup. It broke out to the upside and made a steady rally over the session, giving a good slow motion (for a breakout move) trade. The pattern for today’s breakout signal wasn’t a traditional range contraction… Read more.
Beyond the Spotlight for the week of November 19, 2018 covers the Canadian Dollar, 30-Year Bonds, and Coffee markets. Watch now to look ahead with us, while potentially creating additional trading opportunities for yourself.
On Thursday, I sent out a Formation Finder showing support at 141’16
We went LONG around the 142’10 level depending on when you took action
…last traded 143’11 So we are up roughly $1,000.00 here.
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On Sunday afternoon I went over the price charts for my Swing Trader’s Insight advisory, looking for potential trades for Sunday night and Monday. I sent out two charts; I recommended looking to short the December Treasury Bond futures if they broke below the Friday low of 154-24. Here was the chart I sent yesterday.… Read more.
The number of negative geopolitical issues has expanded consistently over the last two weeks, and this has undermined the long bull market in equities.
From a positive perspective, the latest US nonfarm payroll readings have extended the slow, gradual improvement in the economy.
Treasury bond futures had a breakout setup for Friday, which was logical given the May employment report was released this morning. This setup, combined with the market’s proximity to its contact high, made this a good market to trade this morning. In last night’s edition of Swing Trader’s Insight I labeled T bonds as a… Read more.
This is a sample entry from Drew Rathgeber’s newsletter, The Rath Overlay, published on Thursday, May 04, 2017. Please note I will be out of the office tomorrow, if you need anything please just call my number or email and it will be routed to the appropriate person. Have a great weekend! In The Markets… Read more.
The US data has been patently discouraging; the Trump administration continues to squander political capital; and the prospect for pro-growth policy initiatives continue to be pushed further and further into the future.