Monday, December 1, 2014

5 Reasons I’m Bearish for Tuesday | SchoolOfTrade Newsletter 12/01/14

“If you want to succeed in today’s financial markets you must either modify your dreams or magnify your skills.”

Notes for Tonight’s Newsletter:
·       Traders returned to their desks today after an extended break for the Thanksgiving Holiday to find Crude Oil trading at 5-year lows!
·       Gold pushed higher today, but volume does NOT confirm the move, so we look SHORT tomorrow
·       Crude Oil made a big run higher today, but ended right at the highs of the range so we are looking to SHORT these highs
·       Mini-Russell shows us a megaphone pattern, trading sideways and bearish we are looking for selling-opportunities.
·       Friday is the ‘Non-Farm Payroll’ Report

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