February 12, 2014
- in Uncategorized by schooloftrade
9 Ways to Trade Thursday; BIG Moves mean BIG Profit | SchoolOfTrade Newsletter 02/12/14
“Opportunity is missed by most people because it
is dressed in overalls and looks like hard work.”
is dressed in overalls and looks like hard work.”
Reflections from Today:
·
Trade: Gold earns $1,000 per contract (Buy @ 85.2,
Sell @ 95.4)
Trade: Gold earns $1,000 per contract (Buy @ 85.2,
Sell @ 95.4)
·
Trade: Crude Oil earns $1,000 per contract (Buy @
99.81, Sell @ 100.90)
Trade: Crude Oil earns $1,000 per contract (Buy @
99.81, Sell @ 100.90)
·
Crude Oil; 134t Range, -0.13% @ 100.28
Crude Oil; 134t Range, -0.13% @ 100.28
·
Gold ; 115t Range, +0.02% @ 1290.9
Gold ; 115t Range, +0.02% @ 1290.9
·
Mini-Russell; 124t Range, +0.52% @ 1130.3
Mini-Russell; 124t Range, +0.52% @ 1130.3
·
Equities re-approaching
all-time highs!
Equities re-approaching
all-time highs!
·
Today: Crude Oil Inventories higher than
expected; Crude Oil drops
Today: Crude Oil Inventories higher than
expected; Crude Oil drops
·
Today: Treasury Budget; $144B today vs.
$290B 1 year ago (Jobless Benefits)
Today: Treasury Budget; $144B today vs.
$290B 1 year ago (Jobless Benefits)
·
Feb 12 1997; Standard & Poor’s 500 (S&P
500) reaches 800.00 for the first time, doubled in value in 6 years
Feb 12 1997; Standard & Poor’s 500 (S&P
500) reaches 800.00 for the first time, doubled in value in 6 years
·
Feb 12 1999; Senate acquits President Bill
Clinton of impeachment
Feb 12 1999; Senate acquits President Bill
Clinton of impeachment
·
Thursday: Jobless Claims, Retail Sales, Janet
Yellen (Red-Star News)
Thursday: Jobless Claims, Retail Sales, Janet
Yellen (Red-Star News)
Gold Trade from Last Night:
 |
| Gold Trade Call |
Crude Oil Trade from Last Night:
 |
| Crude Oil Trade Call |
Economic
News for Tomorrow:
News for Tomorrow:
Thursday morning is FILLED with
important news, starting right out the gate at 8:30am EST.
important news, starting right out the gate at 8:30am EST.
We begin with Red-Star News from Jobless
Claims and Retail
Sales.
Claims and Retail
Sales.
Jobless Claims fell sharply last week
down to 331,000
which was a big surprise. Tomorrow
morning we expect to see a range from 325k – 336k so we will be looking for a
number to be outside of that range to get the markets moving.
down to 331,000
which was a big surprise. Tomorrow
morning we expect to see a range from 325k – 336k so we will be looking for a
number to be outside of that range to get the markets moving.
We also have Retail Sales tomorrow as
well, which is another Red-Star News event at 8:30am EST.
If you recall, last month we had a relatively strong Retail Sales
report, even with all the bad weather over the winter break, so tomorrow we
will be anxious to see how the retail market is looking going into February.
well, which is another Red-Star News event at 8:30am EST.
If you recall, last month we had a relatively strong Retail Sales
report, even with all the bad weather over the winter break, so tomorrow we
will be anxious to see how the retail market is looking going into February.
Later in the session tomorrow we will
hear once again from our new Fed Chairperson, Janet Yellen, as she delivers the second part of
the semi-annual testimony on monetary policy in front of the Senate Banking Committee
in Washington.
hear once again from our new Fed Chairperson, Janet Yellen, as she delivers the second part of
the semi-annual testimony on monetary policy in front of the Senate Banking Committee
in Washington.
 |
| News for Tomorrow |
8:30am EST: Jobless
Claims | Retail
Sales
Claims | Retail
Sales
10:00am EST: Business
Inventories
Inventories
10:30am EST: Janet
Yellen Speaks
Yellen Speaks
Day
trading plan for Tomorrow:
trading plan for Tomorrow:
Crude Oil:
VIP Chart:
 |
| Crude Oil VIP Chart |
The VIP chart of Crude Oil Futures is filled with clues this
evening after we ended the day back at the 100.00 big-round-number and on top
of last week’s highs. We had a big GAP
higher overnight which was erased today after the Crude Oil Inventories were
reported much higher than they had expected.
My plan for tomorrow is
to stay patient if this price-action gets stuck around the 100.00 big-round-number. I will look for selling opportunities below
100.04, and buying opportunities above the 101.38 level.
to stay patient if this price-action gets stuck around the 100.00 big-round-number. I will look for selling opportunities below
100.04, and buying opportunities above the 101.38 level.
Anchor Chart:
 |
| Crude Oil Anchor Chart |
The Anchor chart of Crude Oil looks very bullish this evening. We can see a bullish price channel and a
green ‘cloud’ which tells us the buyers are clearly in control going into
tomorrow…BUT…there is some signs of weakness on this chart because we have now
traded back below the key moving-averages at 100.50 area and now we’re back in
the slop and chop around the 100.00 big-round-number.
green ‘cloud’ which tells us the buyers are clearly in control going into
tomorrow…BUT…there is some signs of weakness on this chart because we have now
traded back below the key moving-averages at 100.50 area and now we’re back in
the slop and chop around the 100.00 big-round-number.
My plan for this
evening and into tomorrow is to buy the lows of this bull price channel using
the support zones at 100.25, 99.98, and 99.60.
My profit-targets overhead for the buying opportunities are at 101.09,
101.37, and 101.81.
evening and into tomorrow is to buy the lows of this bull price channel using
the support zones at 100.25, 99.98, and 99.60.
My profit-targets overhead for the buying opportunities are at 101.09,
101.37, and 101.81.
Gold:
VIP Chart:
 |
| Gold VIP Chart |
The VIP Chart of Gold tells us that this price-action could
go either way this evening and into tomorrow.
Today we saw a relatively-sideways range after trying (and failing) to
get above the highs from Tuesday at 1294.4.
The big clue on this VIP chart is the volume profile, which shows volume
at both the highs and the lows, telling us that ANYTHING is possible right now.
My plan for tomorrow is
to sell short below 1287.6 with a profit-target down at 1245.9, and buy long
above the 1296.4 with a profit-target at the big-round-number of 1300.0.
to sell short below 1287.6 with a profit-target down at 1245.9, and buy long
above the 1296.4 with a profit-target at the big-round-number of 1300.0.
Anchor Chart:
 |
| Gold Anchor Chart |
The anchor chart of Gold shows us a very bullish scenario
going into Thursday, which tells us to be ready for buying opportunities this evening
and tomorrow morning.
going into Thursday, which tells us to be ready for buying opportunities this evening
and tomorrow morning.
We can see a bullish price channel, higher-highs, higher-lows,
above all the key moving-averages, and sitting on top of this easy buy-zone at
1290.2 and 1286.7.
above all the key moving-averages, and sitting on top of this easy buy-zone at
1290.2 and 1286.7.
My plan for this
evening and into tomorrow is to buy these lows of the bullish price channel using
the buy-zone as my guide at 1290.2. I
have a profit-target above me at 1296.4, 1298.7, and 1300.0.
evening and into tomorrow is to buy these lows of the bullish price channel using
the buy-zone as my guide at 1290.2. I
have a profit-target above me at 1296.4, 1298.7, and 1300.0.
Mini-Russell:
VIP Chart:
 |
| Russell VIP Chart |
The Mini-Russell had a roller-coaster type of day today,
giving us plenty of buying and selling opportunity along the way. Today we had a typical trading-range with a closing-print
right in the middle of the range. The
big clue on this VIP chart is the previous week’s highs at 1127.7 which spoiled
the fun for the buyers today.
My plan for tomorrow is
to sell below 1125.3 with a profit-target down at 1113.8 and 1104.7, and buy
above the 1135.7 with a profit-target at 1144.5 above.
to sell below 1125.3 with a profit-target down at 1113.8 and 1104.7, and buy
above the 1135.7 with a profit-target at 1144.5 above.
Anchor Chart:
 |
| Russell Anchor Chart |
The anchor chart on the Mini-Russell shows us trading in a
very bullish price channel in the long term, however in the short term we can
see lower-highs back below the 1131.7 highs which suggests that this move
higher may have lost some momentum.
very bullish price channel in the long term, however in the short term we can
see lower-highs back below the 1131.7 highs which suggests that this move
higher may have lost some momentum.
My plan for this
evening and into tomorrow is to buy the support zones below me at 1126.0,
1124.8, and 1118.5 with profit-targets above me at 1135.7 and 1137.8. If we happen to collapse and get price-action
below the 1122.2 I will then look for selling opportunities down to a target at
1118.5.
evening and into tomorrow is to buy the support zones below me at 1126.0,
1124.8, and 1118.5 with profit-targets above me at 1135.7 and 1137.8. If we happen to collapse and get price-action
below the 1122.2 I will then look for selling opportunities down to a target at
1118.5.
===========================================================
Want to see us trade LIVE?
Click here to register for the
Free Trial!
Click here to register for the
Free Trial!
Automated Trading Strategy; Let the
Computer do the trading
Computer do the trading
Are you a Crude Oil Trader? Click here to
trade Crude Oil
trade Crude Oil
Are you a Euro Trader? Click here to
trade Euro
trade Euro
Are you an E-Mini Russell Trader? Click here to trade
E-Mini Russell
E-Mini Russell
Are you a Gold Trader? Click here to trade
Gold
Gold
Join the Premier Live trade-room as an Advanced Member
