Wednesday, July 23, 2014

6 Ways to Profit on Thursday | SchoolOfTrade Newsletter 07/23/14



“Would you like me to give you a formula for success? It’s quite simple...Double your rate of failure. You are thinking of failure as the enemy of success. But it isn't at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.” -- Thomas J. Watson 

Today’s Newsletter:
·       Last Night:  Buy Crude Oil @ $102 for $1,000 Profit  
·       Markets Today:  Crude Oil & Mini-Russell push higher, Gold grinds lower
·       News for Tomorrow: Red-Star News in Asia, Europe, and the US
·       Trading Opportunities:  Selling Gold, Buying Crude Oil & Mini-Russell

MISC:
-        Markets appear to have 'moved past' the violence which continues in Gaza and Ukraine
-        Equities pushed higher, S&P and Nasdaq re-testing new all-time highs, while Russell still stuck
-        Crude was the BIG mover today, testing $103.
-        Lots of News on the Schedule for Tomorrow

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GOLD:
-        Trading Sideways / Price Wedge
-        Slightly Bearish Tone
-        Buying Lows, Selling Highs, Avoiding the Middle
-        Patiently waiting for a new direction to follow
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RUSSELL:
-        Pushed higher today, but still not free from sellers
-        Daily Chart:  stuck between major support & resistance
-        Anchor Chart: @ Channel Highs, ready to sell the highs
-        Anchor Chart:  Higher-Highs, ready to buy
-        Very challenging area for Buyers & Sellers
-        Patiently waiting to see WHO takes control
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CRUDE:
-        Called the Buy @ $102 for $1,000 profit
-        Targets above at 103.45, 103.70, 104.24
-        Wait for another pullback for re-entry long
-        Look for sideways range if buyers fail @ 103.45

-        Listening closely for more news from Gaza/Ukraine

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