Monday, November 3, 2014

3 Reasons to Stay PATIENT on Tuesday | SchoolOfTrade Newsletter 11/03/14

“If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.”

Notes for Tonight’s Newsletter:
·       Traders returned to their desks after pushing the clocks back 1-hour over the weekend, markets took a few hours to adjust and then got back to business as usual mid-morning today.
·       Gold is bearish, we look for selling-opportunities  
·       Crude Oil is bearish, looking for selling-opportunities
·       Mini-Russell is bullish and looking for buying opportunities
·       NEWS:  Big news overnight in Asia/Australia should get markets moving well overnight and into London-session on Tuesday
·       NEWS:  Red-Star news at 8:30am EST tomorrow; ready for good price-action trading early in the session on Tuesday.
·       Tuesday is Election Day in the US for most states around the country, expect Tuesday afternoon to be slow because of this
·       Friday is Non-Farm Payroll but we don’t have to worry about that until Thursday.

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