July 31, 2014
- in Uncategorized by schooloftrade
7 Ways to Profit after FOMC Report | SchoolOfTrade Newsletter 07/30/14
“Learn from yesterday, live for today, hope for tomorrow.” Albert Einstein
Today’s Newsletter:
· Last Night: Big Winning Trades on Crude Oil and Gold Futures
· Markets Today: Reacting to GDP & FOMC News
· News for Tomorrow: Red-Star News @ 5:00am & 8:30am EST
· Trading Opportunities: Selling Crude Oil and Gold, Buying Mini-Russell
· Join our Live Trade Room as a GUEST here
Notes for Tonight’s Newsletter:
Misc:
· BIG WINNER on Crude Oil short to $100/barrel
· GDP and FOMC have markets moving today
· Earnings Season sends E-mini Stock Index Futures higher
· Contract Rollover on Gold to 12/14 Contract
· Markets now shift focus to Friday’s Non-Farm Payroll report
· Very little news today from the Middle East
· Tomorrow (Thursday) is end of July, additional volatility expected
Gold:
· Last Night: Called the SHORT from 1301.1 down to 1292.8 for easy profits!
· Trading lower, still within striking-distance of $1300/oz
· Long term = bearish
· Short term = sideways/consolidation
· Day trading plan = buy lows, sell highs, wait for new lower-lows to sell short
Crude Oil:
· Last Night: we called the SHORT down to $100/barrel for EASY profits!
· Price-action testing the 200ema on the Daily chart @ 99.60
· 98.03 is the latest low from 07/16/14
· Missed the short? Wait for retracement to 100.37
· Profit-targets below us at 98.87, 98.65, 97.30
Mini-Russell:
· Very sloppy price-action on the anchor chart
· Trading in the middle of the monthly range
· Today’s GDP and ‘Dovish’ FOMC Announcement is bullish for equities
· Short-term trend is bullish
· Profit-targets above us at 46.8, 49.2, 52.1, 54.2, 60.8
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