7 Ways to Profit after FOMC Report | SchoolOfTrade Newsletter 07/30/14

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, 60.8