Stocks fell after a weak durable goods orders report. The pop we saw in May and June has faded. We also get U of M’s consumer confidence poll and existing home sales. Fed Governor Warsh had an editorial in the...
Read MoreThe lean hog futures have been in an uptrend for the past month and a half. Along the way it has illustrated a number of points about technical analysis and chart based trading. Let’s take a look at the chart...
Read MoreStocks are slightly higher, recovering from yesterday’s late selloff. As I said yesterday, I think there were some looking for the Fed to be more explicit about the withdrawal of QE. When there wasn’t...
Read MoreAs I’ve often said, breakout setups are one of my favorite patterns to trade in the futures markets. They’re relatively easy to spot, and can point out markets ready to make a big move. Below is the daily chart for...
Read MoreIt’s a quiet start to the morning as we wait for the FOMC meeting announcement; it’s due to be released at 1:15 PM Central. As always, we’ll be reading the tealeaves. Bernanke has said he believes...
Read MoreThe Dollar is sharply lower, back on the lows of the move. There are a bunch of stories floating about the Dollar’s weakness. The Asian Development Bank raised is growth forecast for Asia; this has brought in...
Read MoreCrude Oil futures sold off hard today, it’s currently down $2.80, or 3.84%. That’s a move of $2800 per futures contract! Traders who can recognize breakout setups would have been alerted to the potential...
Read MoreI just finished up my new book, The Breakout Futures Trading Method. For more information on the method, and to order a copy of the book, go here. Copyright © 2009 This feed is for personal, non-commercial use only....
Read MoreStocks are lower, although they cut losses after Dell announced it will be buying Perot systems. The FOMC and G20 have meetings coming up; there’s profit taking ahead of that. In addition, there are concerns...
Read MoreThe British Pound had a big selloff today. On the fundamental side, the selloff has been attributed to concerns over the UK banking system. A look at the charts gave us reason to look for a short sale today. Below is the...
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