7 ways to profit after fomc report | schooloftrade newsletter 07/30/14
DESCRIPTION
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 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, 60.8TRANSCRIPT
