Thursday, July 10, 2014

9 Ways to Profit on Summer-Fridays | SchoolOfTrade Newsletter 07/10/14

“You want to know my secret for success?  Success is achieved when you seek out your weaknesses and turn them into strengths.”  – Joseph James

Today’s Newsletter:
·       Markets Today:  Crude Oil & Gold push higher, Mini-Russell collapses but rebounds well
·       News for Tomorrow:  Summer Friday, nothing major on the calendar
·       Trading Opportunities: Selling Crude Oil, Selling Mini-Russell, Buying Gold

-        As we expected, pushed higher
-        reached our buyer targets
-        now waiting for another pullback
-        price collapses in London Session

-        Rebound in the US session
-        still waiting to see who grabs control.
-        feels like buyers are waiting for a reason to buy
-        no technical reasons to buy right now.
Crude Oil :
-        Buyers took over today
-        nothing more than a retracement in the long term trend DOWN
-        technical clues say we go LOWER

-        still suspicious about news from Iraq

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