July 28, 2014
- in Uncategorized by schooloftrade
3 Markets to SELL Short for Tues | SchoolOfTrade Newsletter 07/28/14
“If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception, it is a prevailing attitude.” –Charles R. Swindoll
Today’s Newsletter:
· Last Thursday: Another monster winning trade called from last week’s Newsletter on Mini-Russell
· Markets Today: everything moving lower ahead of Red-Star News this week
· News for Tomorrow: Very light news day, 9am EST is first news of the session
· Trading Opportunities: Selling Gold, Mini-Russell, and Crude Oil
· Join our Live Trade Room as a GUEST here
Notes for Tonight’s Newsletter:
Misc:
· Markets moving conservatively ahead of Red-Star News later this week
· Lot of news this week:
o End of July / Beginning of August
o Non-Farm Payrolls & FOMC Meeting ahead of us
· Gold Contract Rollover end of July
Gold:
· Contract Rollover 07/31/14
· Highly-affected by Wednesday’s Pending FOMC
· Trading quietly on top of the daily 200ema
· $1300 big-round-number is a price-magnet
· Anchor Chart 32: Lower-lows tell us to look SHORT
· Anchor Chart 16: Selling below 1301.1
· Target for the short @ 1287.5
Crude Oil:
· Calming down after violence in the Middle East
· Bearish market-personality last 3 sessions in the US
· Trading just below $102 big-round-number, between support and resistance on the daily chart
· Moving back towards $100 big-round-number
· Anchor Chart 32 = Bearish & selling short
· Anchor Chart 16 = targets at 101.15, 100.90 and 100.19
Mini-Russell:
o Short @ 1161.1, targets @ 1141.1 and 1130.3
o Over $2,000 profit per contract!
· Pushing lower today ahead of Wednesday’s FOMC / Friday’s Non-Farm Payrolls
· Anchor Chart 32 = ready to sell short
· Anchor Chart 16 = get below 1135.0, targets below @ 1127.1, 1122.2 and 1117.3
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