The Pattern Trapper Market Update Blog
May Crude Oil Trading for Monday, April 9
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The May Crude Oil contract has fired Inside Day, 2 Day ROC Buy, and 90-10 High Continuation signals for today's trading. The Inside Day signal is fired when the day's trading occurs within the range of the prior day. A subsequent breakout of an Inside Day's range typically points the way of the next trend move. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation signal tells us that the prior day's late day move higher is likely to continue on into today. Cycle Indicators (chart at right) have moved into a region where short term cyclical tops often form, but the more immediate trend is to lower prices. The Inside Day signal tells us to be prepared for a large impulse move in either direction. Trade the break of Thursday's 103.40 high to 101.37 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 103.31 Daily Pivot level may provide clues for earlier entry.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
June Australian Dollar Trading for Wednesday, April 4
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The June Australian Dollar contract has fired 2 Day ROC Sell, Wide Range Downside Reversal, 90-10 Low Continuation, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The Wide Range Downside Reversal signal tells us that yesterday's trading likely marked a significant short term turning point with more downside to follow. The 90-10 Low Continuation signal suggests that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal tells us that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, but the more immediate trend is to lower prices. Odds favor further downside in early morning trade. Sell the break of yesterday's 1.0213 low with a stop just above the 1.0218 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, on the other hand, suggests we consider the long side if the first hour's high happens to be broken to the upside.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
June 30 Yr. T-Bond Trading for Monday, April 2
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The June 30 Yr. T-Bond contract has fired Wide Range Downside Reversal, Low Range Close, and Momentum Pinball Buy signals fired for today's trading. The Wide Range Downside Reversal signal tells us that Friday's trading likely marked a significant short term turning point with more downside to follow. The Low Range Close signal is triggered when trading closes within the bottom 20% of the day's range. It tells us that Friday's late day weakness should carry on through to this morning's trading. The Momentum Pinball Buy signal tells us that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) appear as if a short term cyclical top has just been marked, and the larger trend is to lower prices. Odds favor further downside in early morning trade. Sell the break of Friday's 137-14 low with a stop just above the 137-24 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, on the other hand, suggests we consider the long side if the first hour's high happens to be broken to the upside.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
May Corn Trading for Friday, March 30
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The May Corn contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal tells us that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, but the more immediate trend is to lower prices. Odds favor further downside in today's early trading. Sell the break of yesterday's 603^0 low with a stop just above the 604^0 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, on the other hand, suggests we consider the long side if the first hour's high happens to be broken to the upside.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
May Soybean Trading for Wednesday, March 28
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The May Soybeans contract has fired NR4, Inside Day, 2 Day ROC Sell, and 90-10 Low Continuation signals for today's trading. The NR4 signal tells us to expect range expansion and a pickup in volatility. The Inside Day signal is fired when the day's trading occurs within the range of the prior day. A subsequent breakout of an Inside Day's range typically points the way of the next trend move. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The 90-10 Low Continuation signal is fired when the day closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today. Cycle Indicators (chart at right) are moving into a region where short term cyclical tops often form, but the larger trend is to higher prices. Although odds seem to favor the downside, the NR4/Inside Day signal combination tells us to stand prepared for a large impulse move in either direction. Trade the break of yesterday's 1387^2 high to 1368^6 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 1369^6 Daily Pivot level may provide clues for earlier entry.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
June Dow Jones Trading for Monday, March 26
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The June Dow Jones contract has fired NR4, 2 Day ROC Buy, and 90-10 High Continuation signals for today's trading. The NR4 signal is triggered when the range of the day's trading is the narrowest of the last four days. It tells us to expect range expansion and a pickup in volatility with a likely breakout in store either today, or over the next few days. The 2 Day ROC Buy signal suggests that today's principal trade direction should be to the upside. The 90-10 High Continuation signal is fired when the day's close is within the top 10% of the day's range, and tells us that Friday's late day move higher is likely to continue on into today. Cycle Indicators (chart at right) are moving into a region where short term cyclical lows often form, and the larger trend is to higher prices. Although odds seem to favor the upside, the NR4 signal tells us to be prepared for a large impulse move in either direction. Trade the break of Friday's 13041 high to 12932 low range. If entered long, place a stop and reverse on the break of Friday's low. If entered short, stop and reverse on the break of Friday's high. Price action relative to today's 13032 Daily Pivot level may provide clues for earlier entry.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
May Soybean Oil Trading for Wednesday, March 21
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The May Soybean Oil contract has fired 90-10 Low Continuation & Reversal and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked. Odds favor continued downside in today's early trading. Sell the break of yesterday's 54.33 low, or even earlier if price demonstrates weakness below the 54.69 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important support levels. Our Normal Low Range Projection level of 53.80 or the Extended Low Range Projection level of 53.39 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's low.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
June Lean Hogs Trading for Monday March 19
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The June Lean Hogs contract has fired 90-10 Low Continuation & Reversal and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, but the more immediate trend is to lower prices. Odds favor continued downside in today's early trading. Sell the break of Friday's 85.825 low, or even earlier if price demonstrates weakness below the 85.875 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important support levels. Our Normal Low Range Projection level of 85.325 or the Extended Low Range Projection level of 84.900 would be likely areas for such a reversal to take place, as would a test and failure of Friday's low.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
April Gold Trading for Thursday March 15
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The April Gold contract has fired Low Range Close, High Breakout Continuation Setup, and Momentum Pinball Buy signals for today's trading. The Low Range Close signal tells us that yesterday's late day weakness should carry on through to this morning's trading. The High Breakout Continuation Setup signal implies significant upside IF the prior day's high happens to be taken out. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) are moving into a region where short term cyclical lows often form, but the more immediate trend is to lower prices. Odds favor continued downside in today's early trading. Sell the break of yesterday's 1634.7 low with a stop just above the 1642.9 level of today's Daily Pivot. Price weakness below the Daily Pivot may provide clues for earlier entry. The Momentum Pinball Buy signal tells us to change our bias to the upside on a break of the first hour high.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
June S&P; Trading for Wednesday March 14
Posted by: Bob Hunt |
The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.
For maximum benefit be sure to check out the On-Line Course.
The June S&P E-Mini contract has fired 2 Day ROC Buy, 90-10 High Continuation & Reversal, and Momentum Pinball Sell signals for today's trading. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Odds favor continued upside in today's early trading. Buy the break of yesterday's 1391.25 high, or even earlier if price can demonstrate strength above 1382.75 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 1403.38 or the Extended High Range Projection level of 1413.00 would be likely areas for such a reversal to take place, as would be a test and failure of yesterday's high.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.

