February 27, 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.
·       Join our Live Trade Room as a GUEST here

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