Wheeeee – this is fun!
Yesterday morning, right in the morning post (that you can get every day for $3 by subscribing here) we decided to go long on oil above $47.50 and even after the open, it was still around $47.70 and, I said (at 7:49): "…we expect at least a $1 bounce to $48.50 and that WILL PAY $1,000 per contract. So this is me, telling you how to make $1,000 per contract trading oil – not bad for a $1,000/year newsletter, right?" Remember – I can only tell you what the market is going to do and how to make money playing it – the rest is up to you!
There's something very satisfying about being able to tell 1M people how to make $1,000 in a day on a trade – it fulfills my Robin Hood tendencies – especially when we are sticking it to the manipulators – like we do on these oil trades!
Those of you who were motivated enough to join us for this week's Live Weekly Webinar (which was free yesterday as well) caught a nice $5 profit trading the Dow Futures but the reason we got out of that so quickly was that the Russell Futures made a much better short at 1,151.20 after we went over the Fed statement and decided it was, on the whole, bearish.
Now that we've had a nice little sell-off, we like seeing the Dollar rejected at 95 and we've flipped long for a bounce off these levels. I sent out a News Alert early this morning (6:12) and again, it was tweeted FOR FREE with our long levels as I concluded in the Alert:
So good opportunities to bounce into the weekend and we can take a bullish stab at 17,500 on /YM, 2,060 on /ES, 4,390 on /NQ, 1,140 on /TF and even 15,550 on /NKD, since that happens to be the -2.5% line, so it should