Thursday, February 27, 2014

Winning Trades, Janet Yellen, Mardi Gras & End of February| SchoolOfTrade Newsletter 02/27/14

Part 2 of this evening's newsletter is posted below

Mardi Gras Celebration, New Orleans USA
“The key to financial freedom is to turn your income into investment capital, then turn that capital into a business, and that business turns into profit, and that profit SETS YOU FREE!”

Reflections from Today:

·       Today’s Trades:
o   Mini-Russell:  Buy @ 1172.4, holding for target @ 1194.8
o   Crude Oil:  Sell @ 102.93, holding for target @ 101.42
·       Markets Today:
o   Crude Oil; 133ticks (-0.54%) @ 102.09
o   Gold; 124ticks (-0.13%) @ 1331.5
o   Mini-Russell; 168ticks (+0.58%) @ 1187.7
o   E-mini S&P battles with resistance at all-time highs (1850-1852)
·       News Today:
o   News was ‘mixed’ today
o   Durable Goods Orders:  not as bad as expected (bullish)
o   Jobless Claims:  higher than expected (bearish)
o   Janet Yellen:  Blame it on the weather, blame it on Congress, stick to the Tapering Plan, Bitcoin not on the Fed’s radar
·       This Day In History:
o   Feb 27, 1827:  Costumed-Students in New Orleans dance thru the streets in the first Mardi Gras Celebration, changing how teenage boys view the value of plastic beads forever!
o   Feb 27, 1991:  Kuwait is liberated from Iraqi-control in the ‘Gulf War’
·       News Tomorrow
o   End of February = desperation trades
o   6:50pm EST:  (JPY) Industrial Production
o   2:00am EST:   (UK) Home Prices
o   5:00am EST: (EUR) Consumer Prices
o   8:30am EST: (US) GDP

Economic News for Tomorrow:

Tomorrow is the end of the week, as well as the end of the month, which means the news is going to be very important as we go into the month of March!

We begin with major news coming out of Japan overnight in the US, followed by news tomorrow morning early in Europe.

Tomorrow morning in the US we have important news from GDP and Consumer Sentiment.

·       8:30am EST:             GDP
·       9:45am EST:             Chicago PMI
·       9:55am EST:             Consumer Sentiment
·       10:00am EST:          Pending Home Sales

Day trading plan for Tomorrow:

Crude Oil:

VIP Chart:
Crude Oil VIP Chart

Anchor Chart:

Crude Oil 55 Anchor Chart

Crude Oil 21 Anchor Chart

Crude Oil 13 Anchor Chart

VIP Chart:
Gold VIP Chart

Anchor Chart:

Gold 89 Anchor Chart

Gold 21 Anchor Chart

Gold 13 Anchor Chart


VIP Chart:

Russell VIP Chart

Anchor Chart:

Russell 34 Anchor Chart

Russell 21 Anchor Chart

Russell 13 Anchor Chart

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