August 1, 2014
- in Uncategorized by schooloftrade
6 Ways to Profit from Non-Farm Payrolls | SchoolOfTrade Newsletter 07/31/14
“Every day do something that will inch you closer to a better tomorrow.” -Doug Firebaugh
Today’s Newsletter:
· Batten down the hatches… a storm’s coming!
· Last Night: Another BIG winner selling-short on Crude Oil
· Markets Today: Markets take a bath ahead of Non-Farm Payrolls
· News for Tomorrow: Red-Star News in Europe, all eyes on US Non-Farm Payrolls @ 8:30am EST
· Trading Opportunities: Short-selling ahead of Non-Farm Payrolls
· Join our Live Trade Room as a GUEST here
Notes for Tonight’s Newsletter:
Misc:
· July is over, welcome to August!
· Markets collapse ahead of Friday’s Non-Farm Payroll Report
· Equity & Energy Markets tumbled today because…
o Hawkish comments from FOMC (raising rates in 2015)
o Wednesday’s ADP Employment came in much lower, worries ahead of Friday’s Non-Farm Payroll report
o Today’s Chicago Purchasing Manager’s Index fell to 13-month lows
o Argentina’s default, and comments from Standard & Poor’s (S&P)
o 4-year-low in ECB’s Consumer Price Index
Gold:
· Gold finally pushes away from $1300/oz
· Price-action pushing lower
· Next Daily Chart profit-target down at 1265.8
· Waiting for retracements to continue selling short
· Will expect a volatile reaction on Friday @ 830am EST to Non-Farm Payroll news in the US
Crude Oil:
· Crude Oil collapses below Daily chart key moving-averages ahead of Friday’s Non-Farm Payroll report
· Moving lower to test next daily chart support @ 97.12 and trend-line around 96.00
· Strong selloff tells us to stay patient for the next retracement for another round of selling
· Profit-targets below us @ 97.00, 96.00 and 95.00
Mini-Russell:
· Pushing lower today ahead of Friday’s Non-Farm Payroll News
· Moves below key-moving-averages on the Daily Chart
· Waiting for retracements to continue selling short
· Profit-targets below us at 1105.2 and 1103.3
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