April 12, 2013

Friday Morning Prep; SchoolOfTrade.com Day Trading Strategy

“Strength does not come from winning. Your
struggles develop your strengths. When you go through hardships and decide not
to surrender, that is strength
.”

Arnold Schwarzenegger

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This morning we open our live
trade-room at 8:00am EST with major news on the calendar ahead of us.  Starting at 8:30am EST we have news from
Producer Prices and Retail Sales, then we move to 10:00am EST for Consumer
Sentiment and Business Inventories.

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Crude Oil Futures have
been tumbling for the last 72 hours after failing to make new higher-highs last
week.  This morning as Crude Oil tests
weekly support levels we are expecting to see short term selling opportunities
as we break fresh lows, while keeping an eye out for a price-reversal along the
way.  

    schooloftrade

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