"When popular opinion is nearly unanimous, contrary thinking tends to be most profitable. The reason is that once the crowd takes a position, it creates a short-term, self-fulfilling prophecy. But when a change occurs, everyone seems to change their mind at once." Today’s Newsletter: • Markets Today: Gold keeps falling, Crude Oil pulls-back, Mini-Russell trades sideways • News for Tomorrow: Quiet overnight, Red-Star News @ 8:30am EST in the US • Trading Opportunities: Buying Crude Oil, Selling Gold, Waiting on Mini-Russell

14. SchoolOfTrade.com Day Trading Newsletter 05-28-14
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"When popular opinion is nearly unanimous, contrary thinking tends
to be most profitable. The reason is that once the crowd takes a
position, it creates a short-term, self-fulfilling prophecy. But when a
change occurs, everyone seems to change their mind at once."
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Today’s Newsletter:
 Markets Today: Gold keeps falling, Crude Oil pulls-back, Mini-
Russell trades sideways
 News for Tomorrow: Quiet overnight, Red-Star News @ 8:30am
EST in the US
 Trading Opportunities: Buying Crude Oil, Selling Gold, Waiting on
Mini-Russell
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The Markets Today:
Crude Oil:
Crude Oil pushed lower on Wednesday, moving below the big-round-
number at $103/barrel and filling the GAP below us from last week.

15. We were expecting this move off the highs, and we will be watching for more
selling down to the targets below us at 102.26 and 101.69.
The most important clue on this VIP chart is the VOLUME up near the highs of
today’s trading-range at 103.64, which suggests that we haven’t seen ALL the
sellers jump on board yet.
Make sure you register for our Nightly-Newsletter on our website so you don’t
miss these winning trading opportunities next time!
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Gold:
Gold continued to push lower on Wednesday, just as it had on
Tuesday, extending the move down the $1250 area on this VIP Chart.
Today we have all the volume down near the lows, something we did NOT see on
Tuesday, which suggests that ALL the sellers are with us on this move down, and
we should see more of this bearishness continue into the end of the week.
Keep an eye on that ‘un-filled gap’ up at 1279.7 because that will be a price-
magnet if these sellers fail and the buyers take control.
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trading opportunity again!
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Mini-Russell:

16. The ‘mighty’ Mini-Russell traded sideways on Wednesday, telling us
that this market-personality is completely ‘balanced’ after that big
push higher late last week.
As you can see the open, close, and the VOLUME are all in the middle of today’s
trading-range on the Mini-Russell, which tells us to be looking for range-bound
markets on Thursday.
We are keeping a close eye on the previous week’s highs at 1125.2 for a possible
collapse back down to the previous week’s lows down at 1088.6 if these buyers
fail to keep prices pushing higher.
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register so you never miss another newsletter or winning opportunity again!
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News Tomorrow:
We have a TON of Red-Star News (major) news on the schedule for
Thursday, starting bright and early in the US session with 2 important
reports.
We have a very quiet overnight session, without any major news events in Asia or
London. Our first major news will be in the US session tomorrow.
 8:30am EST: GDP | Jobless Claims

17.  10:00am EST: Pending Home Sales
 11:00am EST: Crude Oil Inventories
Contract Rollover Alert:
Gold is scheduled to roll-forward to the 08-14 contract on the 30th
of this month,
which puts us at the end of this week.
We will be sure to alert our members of SchoolOfTrade.com in our Live Trade
Room later this week.
Click here to learn more about Contract Rollover
End of Month Alert:
The end of the month is around the corner, which means we will be watching for
profit-taking at the highs and lows of the ranges as traders look to get out of
positions to pad their numbers towards the end of the month.
The end of the month is always an exciting time of the month, and we will be
ready for large, un-expected moves intra-day during the final few days of the
month.
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Day Trading Opportunities for Tomorrow:
Crude Oil:

18. Crude Oil has now pulled back (just as we expected) into a key buy-
zone at 103.10 just below the lows of the recent price channel.
We are looking for buying opportunities on Crude Oil this evening and into the
rest of the week and we have profit-targets overhead at the trend-line, highs of
104.50 and 105.41.
Click here to download ALL of our Crude Oil Charts! (ADD LINK)
Short-Term Trading & Scalping:
Please join us tomorrow in our Live Trade Room for short-term trades called with
exact entry and exit information.
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Gold:
Gold is trading lower this evening, and with new lower-lows we are
looking to sell short along with this new trend.
Our biggest challenge now on selling Gold will be the timing of the ENTRY. We
don’t want to sell the lows because that would be ‘selling at a discount’.
Our day trading plan for Gold futures is to sell short with new lower-lows but to
sell on a retracement off the new lows.
The best scenario for sellers on Gold would be a retracement off these lows into
the sell-zone at 1280.0 and 1285.0; however, a new lower-low in the price-action
will also give us a selling opportunity down to the profit-target at 1252.7.

19. Click here to download ALL of our Gold Charts! (ADD LINK)
Short-Term Trading & Scalping:
Please join us tomorrow in our Live Trade Room for short-term trades called with
exact entry and exit information.
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Mini-Russell :
The Mini-Russell has been trading in a narrow ‘range-bound market’
since last Thursday/Friday’s run up to new highs.
We have tested the sell-zone overhead at 1143.9, and we have a buy-zone below
us down at 1116.9, which means we will end up moving somewhere very soon.
We have three (3) scenarios to plan for tomorrow:
 Higher: we need to see new highs above 1145.2 in order to start buying
again, and our profit-target will be the 1158.9 high of the sell-zone
 Sideways: a range-bound market may continue tomorrow, at which point we
will buy the lows around 1131.0 and sell the highs around 1145.2
 Lower: We expect to see profit-taking at these highs, and if we get a new
lower-low below 1131.0 we will sell short down to the trend-line support as
well as a profit-target at the 1116.9 buy-zone.
Click here to download ALL of our Mini-Russell Charts! (ADD LINK)
Short-Term Trading & Scalping:

20. Please join us tomorrow in our Live Trade Room for short-term trades called with
exact entry and exit information.
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