Tuesday, July 15, 2014

3 Short-Selling Opportunities | SchoolOfTrade Newsletter 07/15/14

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“Your time is limited; don’t waste it living someone else’s life. Don’t let the noise of other’s opinion drowned your own inner voice. And most important, have the courage to follow your heart and intuition, they somehow already know what you truly want to become. Everything else is secondary.” Steve Jobs

Today’s Newsletter:
·       Markets Today: Everything goes lower!
·       News for Tomorrow: China tonight, Yellen Tomorrow, Wacky Wednesday, Crude Oil Inventories, and more!
·       Trading Opportunities:  Selling everything, cautiously ahead of OPEX
-        We NAILED the short on Gold!
-        Sell @ 1314.4 and take profit @ 1293.5
-        Still looking to sell, but cautiously
-        Major Support waiting below @ 1293.5
-        Watch the $1300/oz big round number if sellers fail

-        Yellen pushes the Russell around today
-        Bearish comments during testimony about 'small cap' stock valuations
-        currently trading sideways, hint of bearishness
-        Buying Lows, selling highs
-        cautious ahead of tomorrow's Yellen testimony
Crude Oil:
-        Back @ $100/barrel (surprised?? No!)
-        Sellers failed to keep below $100
-        Stuck at the Daily 200ma
-        Looking for selling opportunities

-        Watch the $100/barrel big round number if sellers fail

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