July 15, 2014
- in Uncategorized by schooloftrade
5 Trades for Tuesday | SchoolOfTrade Newsletter 07/14/14
Click here to download today’s Newsletter Charts & Commentary
“Yesterday is not ours to recover, but tomorrow is ours to win or lose.” –Lyndon Johnson
Today’s Newsletter:
· Markets Today: Crude Oil & Gold tumble, Mini-Russell pushes higher
· News for Tomorrow: Janet Yellen, Retail Sales, and more!
· Trading Opportunities: Selling Crude Oil & Gold, Buying Mini-Russell
· Join our Live Trade Room as a GUEST here
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MISC:
– OPEX week ahead
– Janet Yellen to address Congress & Banking Committee
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GOLD:
– finally collapses off the highs
– headed towards big-round-number @ $1300
– waiting for selling opp’s with a retracement
– Janet Yellen will be on our minds this week
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RUSSELL:
– pushed higher in London Session
– US session took back the gains
– finished in the middle / balanced
– stuck in the mud right now
– still bullish, buyers are on ‘thin ice’
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CRUDE:
– Crude Oil flirts with $100/barrel
– trading at daily channel lows (support)
– waiting for a retracement to get SHORT
– Rollover on CL on Friday to 09/14
– this week may be UGLY
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