Opportunity in Silver Futures?

August 25, 2010

Thanks for coming back. Gold and silver futures had a big outside day up (lower low, higher high and close) yesterday.  The chart for silver futures looks great; let’s take a look at where opportunities may be coming up. Monday had a breakout setup; it had the narrowest trading range of the previous seven sessions, [...]

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Swing Trader’s Insight Futures Watch List for August 25

August 25, 2010

Yesterday afternoon Moody’s cut Ireland’s long term debt rating, citing the cost of propping up their banks.  This was offset in part by a rise in the German IFO index; a piece of good news about the European economy.  This contrasts with the US Durable Goods report, which was weak and will stoke concerns about [...]

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A Day Late in the eMini S&P Futures

August 24, 2010

I hope this doesn’t muddy the waters for Trade or Fade followers, but I had a perceptive follower ask be about today’s strategy for the eMini S&P futures, and I thought I’d run through this morning’s thought process. In this morning’s update (see here) I characterized the eMini S&P futures as being in a breakout [...]

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Swing Trader’s Insight Futures Watch List for August 24

August 24, 2010

Risk aversion continues to be the theme as traders worry about the state of the economy.  The 10 year German Bund fell to a record low yield and US Treasuries rallied as the flight to quality continues.  Weekly chain store sales were soft; at 9 AM we get July existing home sales. I’ve left a [...]

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When Futures Breakout Setups Don’t Break Out

August 23, 2010

Breakout setups are one of my favorite patterns to trade in the futures markets.  That being said, sometimes a breakout pattern is signaled but the market still goes nowhere.  Knowing when not to trade is often as important as knowing when to trade; let’s look at today’s trade to see what there is to learn [...]

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Swing Trader’s Insight Futures Watch List for August 23

August 23, 2010

Stocks are seeing strength on another “merger Monday’.  The Yen rallied as Japanese officials said there was “absolutely no” discussion about intervention to stop the Yen’s rally.  August Euro Zone PMI showed a bigger than expected decline.  Moody’s came out with their semi-annual European Sovereign Outlook; they expected Europe’s economy to underperform, and that slower [...]

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Swing Trader’s Insight Futures Watch List for August 20

August 20, 2010

ECB Council member Weber made dovish comments about ECB monetary policy.  This combined with stories that the French government will cut its 2011 growth forecast is giving strength to the Dollar. Stats Canada released their estimates for the 2010 wheat crop; I haven’t had time to look through it yet.  Russia denied yest5erday’s rumor that [...]

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Another Breakout Trade for eMini S&P Futures

August 19, 2010

This is the excerpt of your first post template…

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Swing Trader’s Insight Futures Watch List for August 19

August 19, 2010

Markets were a bit optimistic overnight; the Bundesbank raised their estimate for German growth to 3% for 2010, and Intel’s purchase of McAfee was bullish.   Then this mornings 12K increase in weekly jobless claims pulled the rug out, as traders were looking for a small decline.  Leading Economic Indicators for July are out at 9 [...]

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Swing Trader’s Insight Futures Watch List for August 18

August 18, 2010

Markets are quiet this morning.  There wasn’t much in the way of news last night and it’s a quiet news day today.  Treasuries are higher; in the WSJ the St. Louis Fed President Bullard may need to buy more Treasuries if inflation continues to fall.  The EIA crude inventory is out at 9:30; the expectation [...]

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