Wednesday, February 26, 2014

Russia, New Home Sales, Equity All-Time Highs & Grand Tetons | SchoolOfTrade Newsletter 02/26/14

Scroll to the bottom of this page for Part #2

“You must take personal responsibility.  You cannot change the circumstances, the seasons, or the direction of the wind, but you can change yourself in a matter of seconds.   
Don’t ask mother-nature to change the wind, change the SAIL!”

Reflections from Today:
·       Today’s Trades:
o   Gold tumbles: sell short @ 1332.6
o   Mini-Russell rises: buy @ 1169.6
o   Crude Oil rises: short @ 102.93
·       Markets Today:
o   Crude Oil; 132icks (+0.14%) @ 102.58
§  Gap-up, erases Tuesday’s losses back to 103.00
o   Gold; 233ticks (-0.02%) @ 1329.8
§  Gap-down, fell lower into Friday’s range
o   Mini-Russell; 171ticks (+0.53%) @ 1181.0
§  Pushed higher @ 10am news, collapsed down after lunch
§  Exceeds all-time highs!
·       News Today:
o   E-mini S&P still trying to close above all-time highs
§  Mini-Russell Closes above all-time highs
§  E-Mini Nasdaq tests 17-year highs today
o   New Home Sales higher @ 468k (9.6% y/y)
o   Crude Oil Inventories flat today
·       This Day In History:
o   Feb 26, 1870:  New York City opens first “Pneumatic Subway” over 300-feet long, leads to the future of mass-transit in the US
o   Feb 26, 1919:  Grand Canyon is declared US National Park
o   Feb 26, 1929:  Grand Tetons are declared US National Park
o   Feb 26, 1995:  Barings Bank, one of the oldest in the world, goes Bankrupt after Nick Leeson (trader) loses more than $1.4Billion
§  Irony:  Barings almost did the same thing 100-year earlier!
·       News Tomorrow
o   (CH) GDP @ 1:45am EST
o   (EUR) Economic Sentiment @ 5:00am EST
o   (US) Durable Goods Orders @ 8:30am EST
o   (US)  Jobless Claims @ 8:30am EST
o   (US)  Janet Yellen @ Senate Banking Committee @ 10:00am EST
o   (US) Natural Gas Futures Inventories @ 10:30am EST
o   (JPY) Manufacturing @ 6:15pm EST

Economic News for Tomorrow:

Tomorrow morning we have a TON of Red-Star News to get these markets moving early in the session…but the action begins TONIGHT in Asia and continues into Europe tomorrow morning and then into the US session for some fireworks in our Live Trade Room!

·       1:45am EST:             (CH) GDP
·       5:00am EST:             (EUR) Economic Sentiment
·       8:30am EST:             (US) Jobless Claims
·       8:30am EST:             (US) Durable Goods Orders
·       10:00am EST:          (US) Janet Yellen Testimony
·       10:30am EST:          (US) Natural Gas Inventories

Day trading plan for Tomorrow:

Crude Oil:

Crude Oil VIP Chart

Crude Oil 21 Anchor Chart

Crude Oil 13 Anchor Chart

Crude Oil 34 Anchor Chart


Gold VIP Chart

Gold 34 Anchor Chart

Gold 21 Anchor Chart

Gold 13 Anchor Chart


Russell VIP Chart

Russell 34 Anchor Chart

Russell 21 Anchor Chart

Russell 13 Anchor Chart

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