Russia, New Home Sales, Equity All-Time Highs & Grand Tetons | SchoolOfTrade Newsletter 02/26/14

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“You must take personal
responsibility. You cannot change the
circumstances, the seasons, or the direction of the wind, but you can change
yourself in a matter of seconds.
Don’t ask
mother-nature to change the wind, change the SAIL!”

Reflections from Today:

·
Today’s
Trades:

o
Gold
tumbles: sell short @ 1332.6

o
Mini-Russell
rises: buy @ 1169.6

o
Crude
Oil rises: short @ 102.93

·
Markets Today:

o
Crude
Oil; 132icks (+0.14%) @ 102.58

§ Gap-up, erases Tuesday’s losses back
to 103.00

o
Gold;
233ticks (-0.02%) @ 1329.8

§ Gap-down, fell lower into Friday’s
range

o
Mini-Russell;
171ticks (+0.53%) @ 1181.0

§ Pushed higher @ 10am news, collapsed
down after lunch

§ Exceeds all-time highs!

·
News Today:

o
Saber-Rattling
in Ukraine leads to volatility
today

o
E-mini S&P still trying to
close above all-time highs

§ Mini-Russell Closes above all-time
highs

§ E-Mini Nasdaq tests 17-year highs
today

o
New
Home Sales higher @ 468k (9.6% y/y)

o
Crude
Oil Inventories flat today

·
This Day In History:

o
Feb
26, 1870: New York City opens first “Pneumatic Subway” over
300-feet long, leads to the future of mass-transit in the US

o
Feb
26, 1919: Grand
Canyon is declared US National Park

o
Feb
26, 1929: Grand
Tetons are declared US National Park

o
Feb
26, 1995: Barings
Bank, one of the oldest in the world, goes Bankrupt after Nick
Leeson (trader) loses more than $1.4Billion

§ Irony: Barings almost did the same thing 100-year
earlier!

·
News Tomorrow

o
(CH)
GDP @ 1:45am EST

o
(EUR)
Economic Sentiment @ 5:00am EST

o
(US)
Durable Goods Orders @ 8:30am EST

o
(US)
Jobless Claims @ 8:30am EST

o
(US)
Janet Yellen @ Senate Banking Committee
@ 10:00am EST

o
(US)
Natural Gas Futures Inventories @ 10:30am EST

o
(JPY)
Manufacturing @ 6:15pm EST

Economic News for Tomorrow:

Tomorrow morning we have a TON of Red-Star News to get these
markets moving early in the session…but the action begins TONIGHT in Asia and
continues into Europe tomorrow morning and then into the US session for some
fireworks in our Live Trade Room!

·
1:45am EST: (CH) GDP

·
5:00am EST: (EUR) Economic
Sentiment

·
8:30am EST: (US) Jobless
Claims

·
8:30am EST: (US) Durable
Goods Orders

·
10:00am EST: (US) Janet
Yellen Testimony

·
10:30am EST: (US) Natural
Gas Inventories

Day trading plan for Tomorrow:

Crude Oil: