March 24, 2014
- in Uncategorized by schooloftrade
Day Trading Crude Oil, Gold, E-Mini Russell | SchoolOfTrade Newsletter 03/24/14
“Out of clutter, find Simplicity. From discord, find Harmony. In the middle of difficulty lies Opportunity.”–Albert Einstein
Reflections from Today:
· Markets Today:
o Crude Oil:
§ Trending Sideways
§ 30 ticks of range
§ +0.06%
§ Closing-print @ 99.42
o Gold:
§ Trending Lower
§ 272 ticks of range
§ -1.88%
§ Closing-print @ 1309.4
o Mini-Russell:
§ Trending Lower
§ 308 ticks of range
§ -1.10%
§ Closing-print @ 1173.7
· News Today:
o Markets react to disappointing Manufacturing News
o (CH) Overnight, HSBC Manufacturing shows 5th month of decline
§ 3rd month < 50 (contraction)
§ Chinese govt said to be preparing stimulus
o (US) 9:45am EST, PMI Manufacturing Index; lower than expected
§ Confirms weather-related weakness is behind us
o “Chess Match” continues between Crimea, Ukraine & Russia
· This Day In History:
o March 24, 1603: Queen Elizabeth I dies at age 69 after ruling England of more than 40 years
o March 24, 1958: Rock ‘n’ Roll star, Elvis Presley joins the US Army for 2 years
o March 24, 1989: Oil tanker, Exxon Valdez, runs aground, spilling 240,000 barrels of oil, one of the worst spills in last 75 years.
o March 24, 2000: S&P 500 hits record-high of 1527.46, with a market value of $13 Trillion. It then loses 25% over 12 months, losing $2.5 Trillion in value
· News Tomorrow
o (EUR) Major News starting @ 5:00am EST
o (US) 9:00am EST: Home Price Index
o (US) 10:00am EST: New Home Sales (Red-Star News)
o (US) 10:00am EST: Consumer Confidence
Charts are posted below!
Crude Oil:
Gold:
Mini-Russell :
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