September Dow Jones  – The Dow Jones futures closed lower for the third day, making this the longest losing streak since early July. The sell-off has found some support at the 20-day SMA and may manage one more rally into the September 9 th reversal date. However, I think the real damage has been done to the charts and any rally will be short-lived and should be considered an opportunity to exit longs or enter new short positions.

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September Japanese yen  –Long from 1.0710 – Last price @ 1.0773 – The Yen used Friday's inside day as a launching pad and traded to a new four-week high, posting the third close above the previous swing high (1.0707). This increases the probability of the market reaching the 1.0900 target objective on or before the September 3 rd swing trade date (reversal date). Hold the long position and raise the stop loss to 1.0625.

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October Crude oil – Short from 69.75 – last price @ 68.14 - Crude traded on both sides of unchanged today, but the early session rally was stopped short at the 20-day EMA, but just high enough to fill the 69.75 sell. At this point, sellers took control and the market faded the rest of the day and accelerated to a new low at the close. Hold the short position, with the stop loss at 69.70 and a target objective of 67.45.

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September Dollar Index  – Long from 78.52 – Last price @ 78.77 – Finally a close over the 20-day SMA. Hold the long position and keep the stop loss at 77.80.

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September Canadian dollar  – Short from 91.55 – last price @ 9053 - The bearish TR pattern (a swing trade strategy that signals a major trend shift) was confirmed on August 28. Since I have already closed the first short position for a slight gain, I used a retest of the 20-day SMA for the second sell entry. Hold the short position and move the stop loss to 91.75. The market is set to trade lower into the September 7 reversal date, with a target objective of 89.00.

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December Hogs  – Long from 47.62 – Last price @ 47.15 – Hogs closed higher today, but they are not coming out of the swing pattern with as much momentum as I like to see with this type of pattern. It's time to tighten the stop and let the market show us its new hand. Move the protective stop to 45.55.

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November Soybeans – Short from $9.79 – last price @ $ 9,58 ½ - November soybeans are trading lower, with favorable weather building expectations for a big harvest this fall. So far, fears of early cold weather are not showing in the forecasts. There are also concerns that Chinese state-owned firms may be allowed to walk away from money-losing commodity derivative trades.

Soybeans hit resistance at the upper downward sloping reaction line on Monday's reversal date. Early in Monday's session, the soybeans traded above Friday's high of $10.17 1/2 before the reversal kicked in, causing the market to collapse and trade below Friday's low, closing as an “outside day”. An “outside day”—on a projected swing trade date (reversal date)—is a reversal confirmation and sell signal. The reverse/forward count projects the next reversal date due on Sept 9, with a downside target objective of $8.50. Hold the short position with the stop loss at $9.85.

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