Thursday, February 26, 2015

5 Trades for Friday | SchoolOfTrade Day Trading Newsletter 02/26/15

“It is not what we get. But who we become, what we contribute... that gives meaning to our lives.”

Notes for Tonight’s Newsletter:
·       Markets look a little ‘punch-drunk’ this evening after such incredible volatility this week, so we are prepared for ANYTHING on Friday
·       Crude Oil is bearish after the huge reversal at the highs, but the new lows @ $48.00 weren’t confirmed with volume, and a channel-overshoot tells us we are likely going to try to move higher back to $50 before we return to today's lows.
·       Gold made a run at the range-highs today, but volume tells us we are likely going to come all the way back down to the $1200 target once again on Friday!
·       Russell is bullish making new highs today, but look closely and you see the volume losing strength late in the day today, which tells us to wait for a deeper pullback on Friday before buying more.

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