Monday, February 2, 2015

4 Reasons I’m a BEAR Tuesday | SchoolOfTrade Day Trading Newsletter 02/02/15

“Any time you sincerely want to make a change, the first thing you must do is to raise your standards. When people ask me what really changed my life eight years ago, I tell them that absolutely the most important thing was changing what I demanded of myself. I wrote down all the things I would no longer accept in my life, all the things I would no longer tolerate, and all the things that I aspired to becoming.”

Notes for Tonight’s Newsletter:
·       Markets are in a perfect position to SELL the highs of the range!
·       Gold is bearish; we are selling the highs of the range and looking for profit-targets back at the lows of the range
·       Crude Oil is pushing higher, but we are still looking to sell these highs because the long-term trend is bearish
·       Mini-Russell is bearish in the long-term, bullish in the short-term, and well overbought at the highs of the trading-range, which is why we are looking to SELL!
·       Beginning of the month always means great volatility!

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