Winning Trades, Janet Yellen, Mardi Gras & End of February| SchoolOfTrade Newsletter 02/27/14

Part 2 of this evening’s newsletter is posted below

Mardi Gras Celebration, New Orleans USA

“The key to financial freedom
is to turn your income into investment capital, then turn that capital into a
business, and that business turns into profit, and that profit SETS YOU FREE!”

Reflections from Today:

·
Today’s Trades:

o
Mini-Russell: Buy @ 1172.4, holding for target @ 1194.8

o
Crude
Oil: Sell @ 102.93, holding for target @
101.42

o
Follow
the trades here

·
Markets Today:

o
Crude
Oil; 133ticks (-0.54%) @ 102.09

o
Gold;
124ticks (-0.13%) @ 1331.5

o
Mini-Russell;
168ticks (+0.58%) @ 1187.7

o
E-mini
S&P battles with resistance at all-time highs (1850-1852)

·
News Today:

o
News
was ‘mixed’ today

o
Durable
Goods Orders: not as bad as expected
(bullish)

o
Jobless
Claims: higher than expected (bearish)

o
Janet
Yellen: Blame it on the weather, blame
it on Congress, stick to the Tapering Plan, Bitcoin
not on the Fed’s radar

·
This Day In History:

o
Feb
27, 1827: Costumed-Students in New
Orleans dance thru the streets in the first Mardi Gras Celebration, changing how teenage boys view the value of plastic beads forever!

o
Feb
27, 1991: Kuwait is liberated from
Iraqi-control in the ‘Gulf War’

·
News Tomorrow

o
End of February = desperation trades

o
6:50pm
EST: (JPY) Industrial Production

o
2:00am
EST:
(UK) Home Prices

o
5:00am
EST: (EUR) Consumer Prices

o
8:30am
EST: (US) GDP

Economic
News for Tomorrow:

Tomorrow is
the end of the week, as well as the end of the month, which means the news is
going to be very important as we go into the month of March!

We begin
with major news coming out of Japan overnight in the US, followed by news
tomorrow morning early in Europe.

Tomorrow
morning in the US we have important news from GDP and Consumer Sentiment.

· 8:30am EST: GDP

· 9:45am EST: Chicago
PMI

· 9:55am EST: Consumer
Sentiment

· 10:00am EST: Pending
Home Sales

Day
trading plan for Tomorrow:

Crude Oil:

VIP Chart: