Thursday, July 31, 2014

6 Ways to Profit from Non-Farm Payrolls | SchoolOfTrade Newsletter 07/31/14




"Every day do something that will inch you closer to a better tomorrow." -Doug Firebaugh

Today’s Newsletter:
·       Batten down the hatches… a storm’s coming!
·       Last Night:  Another BIG winner selling-short on Crude Oil
·       Markets Today: Markets take a bath ahead of Non-Farm Payrolls
·       News for Tomorrow: Red-Star News in Europe, all eyes on US Non-Farm Payrolls @ 8:30am EST
·       Trading Opportunities:  Short-selling ahead of Non-Farm Payrolls

Notes for Tonight’s Newsletter:

Misc:
·       July is over, welcome to August!
·       Markets collapse ahead of Friday’s Non-Farm Payroll Report
·       Equity & Energy Markets tumbled today because…
o   Hawkish comments from FOMC (raising rates in 2015)
o   Wednesday’s ADP Employment came in much lower, worries ahead of Friday’s Non-Farm Payroll report
o   Today’s Chicago Purchasing Manager’s Index fell to 13-month lows
o   Argentina’s default, and comments from Standard & Poor’s (S&P)
o   4-year-low in ECB’s Consumer Price Index


Gold:
·       Gold finally pushes away from $1300/oz
·       Price-action pushing lower
·       Next Daily Chart profit-target down at 1265.8
·       Waiting for retracements to continue selling short
·       Will expect a volatile reaction on Friday @ 830am EST to Non-Farm Payroll news in the US

Crude Oil:
·       Crude Oil collapses below Daily chart key moving-averages ahead of Friday’s Non-Farm Payroll report
·       Moving lower to test next daily chart support @ 97.12 and trend-line around 96.00
·       Strong selloff tells us to stay patient for the next retracement for another round of selling
·       Profit-targets below us @ 97.00, 96.00 and 95.00

Mini-Russell:
·       Pushing lower today ahead of Friday’s Non-Farm Payroll News
·       Moves below key-moving-averages on the Daily Chart
·       Waiting for retracements to continue selling short

·       Profit-targets below us at 1105.2 and 1103.3

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