September 25, 2014
- in Uncategorized by schooloftrade
Is it too late to SELL? | SchoolOfTrade Newsletter 09/25/14
“Pain is temporary. It may last a minute, or an hour, or a day,
or a year, but eventually it will subside and something else will take its
place. If I quit, however, it lasts forever.”
–Lance
Armstrong
or a year, but eventually it will subside and something else will take its
place. If I quit, however, it lasts forever.”
–Lance
Armstrong
Notes for Tonight’s Newsletter:
· Another HUGE day of selling
opportunities!
opportunities!
· Markets continue to push lower, blame
it on the mighty dollar!
it on the mighty dollar!
· Crude Oil gives us selling
opportunities at the highs
opportunities at the highs
· Gold tumbles off the highs from
earlier this week
earlier this week
· Mini-Russell makes EASY profit as it
collapses off range-highs!
collapses off range-highs!
· Traders are anxious to see tomorrow’s
GDP News @ 8:30am EST
GDP News @ 8:30am EST
· Join our Live Trade Room as a GUEST here
· Fundamental:
A strong US Dollar has pushed Gold to 8-month lows, and we are
approaching the important numbers of $1200/oz, which is major support because of
the Mining Industry. In addition, we
begin India’s wedding season in October which is notorious for increasing the
demand on Gold. Read more about this issue HERE
A strong US Dollar has pushed Gold to 8-month lows, and we are
approaching the important numbers of $1200/oz, which is major support because of
the Mining Industry. In addition, we
begin India’s wedding season in October which is notorious for increasing the
demand on Gold. Read more about this issue HERE
· Technical:
We have
nothing but lower-lows and lower-highs on the chart, which tells us the trend
is bearish. We will use this information
to focus on selling opportunities until the price-action tells us differently.
We have
nothing but lower-lows and lower-highs on the chart, which tells us the trend
is bearish. We will use this information
to focus on selling opportunities until the price-action tells us differently.
Crude Oil:
· Fundamental:
A strong US Dollar, combined with a slowdown in Europe and Asia have
most people worried about DEMAND and CONSUMPTION of the ‘black gold’ which has Crude
Oil prices going lower. A VERY big
concern for buyers is that the violence in the Middle East hasn’t pushed prices
off these lows. Normally Crude Oil would
be rising with all the missile attacks in Syria, which leads us to believe that
there is significant weakness in this marketing going into next week.
A strong US Dollar, combined with a slowdown in Europe and Asia have
most people worried about DEMAND and CONSUMPTION of the ‘black gold’ which has Crude
Oil prices going lower. A VERY big
concern for buyers is that the violence in the Middle East hasn’t pushed prices
off these lows. Normally Crude Oil would
be rising with all the missile attacks in Syria, which leads us to believe that
there is significant weakness in this marketing going into next week.
· Technical:
The long-term-trend
is clearly bearish on the slower anchor charts, however, over the last 5 days
our charts show us higher-lows and lower-highs which tells us the market-personality
is ‘consolidating’ and should be traded as such. Our plan is to keep selling the highs of the
range, which has worked flawlessly so far this week.
The long-term-trend
is clearly bearish on the slower anchor charts, however, over the last 5 days
our charts show us higher-lows and lower-highs which tells us the market-personality
is ‘consolidating’ and should be traded as such. Our plan is to keep selling the highs of the
range, which has worked flawlessly so far this week.
Mini-Russell:
· Fundamental: Traders are definitely looking for an excuse
to knock the equity markets off these all-time highs, and it appears the
small-cap Mini-Russell has been the most recent victim of these concerns. The Mini-Russell is made up of the
smaller companies in the US, and traders appear to be taking profit after a
record-breaking year as rumors begin to fly about a possible recession in
Europe and a collapse in the Asian economy.
Overall the equity markets are still very strong, but the Mini-Russell appears
to be suffering from a case of profit-taking at this time…and I don’t blame
them!
to knock the equity markets off these all-time highs, and it appears the
small-cap Mini-Russell has been the most recent victim of these concerns. The Mini-Russell is made up of the
smaller companies in the US, and traders appear to be taking profit after a
record-breaking year as rumors begin to fly about a possible recession in
Europe and a collapse in the Asian economy.
Overall the equity markets are still very strong, but the Mini-Russell appears
to be suffering from a case of profit-taking at this time…and I don’t blame
them!
· Technical:
We have lower-lows
and lower-highs on the anchor charts, telling us the trend is bearish. We will focus on selling opportunities at the
resistance levels overhead as we move back towards the $1100 level.
We have lower-lows
and lower-highs on the anchor charts, telling us the trend is bearish. We will focus on selling opportunities at the
resistance levels overhead as we move back towards the $1100 level.
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