March 3, 2015

3 Short Trades for Tuesday | SchoolOfTrade Day Trading Newsletter 03/02/15


“Stay committed to your goals, but flexible in your approach.”
Notes for Tonight’s Newsletter:

Crude
Oil
is bullish in the short-term and trading around the $50
round-number
, and we got an easy clue today from the channel-overshoot
that tells us to look for a little deeper pullback before we try to buy this
again, and we are keeping a close eye on the buyers if and when they fail!

Gold
is bearish, coming off the range-highs, and today’s collapse
tells us to be patient
tomorrow for a correction and a 2nd attempt to re-test
the $1200 target.

Russell
is bullish, but today’s volume does
NOT confirm
the most recent attempt to push higher,
and the
‘undershoot’ of the highs is an easy give-away that we should expect a larger
correction down to the channel-lows.

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