“If you are going to achieve excellence in big things, you

develop the habit in little matters. Excellence is not an

exception, it is a prevailing attitude.” –Charles R. Swindoll

Today’s Newsletter:

Markets Today: Crude Oil goes sideways, Gold pushes higher, Mini-Russell

tumbles

News Today: News was great, but markets disagree

This Day in History: The Titanic sets sail, US Patents begin, and NYSE sets new

record

News for Tomorrow: Red-Star News begins tonight!

Chart Prep for tomorrow: Selling Mini-Russell, Buying Gold, Waiting on Crude

Oil

Reflections from Today:

Markets Today:

o Crude Oil:

Sideways-trading-range

Buying Lows, Selling Highs

71 ticks of range (narrow)

Closing-print @ 103.32 (-0.13%)

o Gold:

Keeps pushing higher

Buying Pullbacks as we move higher

126 ticks of range (typical)

Closing-print @ 1317.5 (+0.51%)

o Mini-Russell:

Strong down-trend

Selling retracements with new lows

394 ticks of range (very wide)

Closing-print @ 1124.6 (-2.73%)

News Today:

o Jobless Claims: Continue to fall lower, lowest in 7 years

o Treasury Budget: Govt. debt continues to fall lower in the US

This Day In History:

o April 10, 1790: The US Patent System was formed

o April 10, 1912: The Famous ship ‘Titanic’ set sail on its first and final

voyage. Over 1,500 of the world’s wealthiest people perish onboard.

o April 10, 1968: New York Stock Exchange (NYSE) exceeds 20 million

shares traded in one day for the first time. In 2014, average is over 1

billion shares per day

News Tomorrow

o 7:50pm: (JP) Bank of Japan Meeting Minutes

o 9:30pm: (CH) Consumer Prices

o 8:30am: (US) Producer Prices

o 9:55am: (US) Consumer Sentiment

o 11:30am: Weekend Begins!

Economic News for Tomorrow:

We have another batch of Red-Star News reports on the

schedule starting this evening and going into Friday morning

in the US session.

We begin this evening with news from the Bank of Japan at 7:50pm, followed by

Consumer Prices in China to get the overnight trading session moving for us.

Tomorrow morning we have more Red-Star News to be released in the US. We

begin at 8:30am EST with Producer Price Index, followed by the Consumer

Sentiment Report just before 10:00am EST.

We should also mention that tomorrow is the Friday of Easter

Weekend, which means we will be watching the price-action and market-

personality closely after 11:00am EST looking for clues that the weekend has

begun.

We can assume that people will be leaving their desks a little early ahead of the

Easter weekend travels, even if they aren’t traveling the “self-fulfilling prophesy”

will surely be in play and most traders will be cautious tomorrow after 11:00am

EST.

Trading opportunities for Tomorrow:

Crude Oil:

Crude Oil VIP Chart:

The Crude Oil VIP chart shows us a very narrow trading-range today. We had the

opening-print in the middle of yesterday’s range, and today’s volume and closing-

bell were smack in the middle of the range from yesterday as well, suggesting this

market is completely balanced going into Friday.

Crude Oil 64 Anchor Chart:

The 64 anchor chart of Crude Oil shows us trading at the highs of the range inside

the sell-zone from 103.85 down to 103.07. We have been waiting patiently to see

which direction this market wants to go.

Crude Oil 16 Anchor Chart:

Crude Oil is trapped up at the highs of this bullish price channel, and we have

been waiting to see a pullback down to the 101.85 area so we can get to buying

again for another push higher.

The biggest challenge we have right now on Crude Oil is that

we are trading at the HIGHS, and we don’t like buying at the

highs, so we will stay patient to sell these highs and look to

take our profit-targets at the buy-zone below us at 101.85.

Short-Term Trading & Scalping: Please join us tomorrow in our Live Trade Room

for short-term trades called with exact entry and exit information.

Gold:

Yesterday on Gold we called a trade to buy @ 1308.3 and take

your profit-target at 1325.0 and we achieved that target to

earn over $1,600 per contract.

Gold VIP Chart:

Gold continues to push higher in the month of April, although looking at this

evening’s VIP chart makes it look like this price-action has been all over the place.

We can see a big GAP UP overnight, which continues to show us big moves in the

overnight session, which then settles into a sideways-trading-range in the US

session.

Gold 64 Anchor Chart:

The 64 anchor chart of Gold shows us moving higher, and we have plenty of room

before we test the overhead sell-zone at 1334.9. We are above the key moving-

averages at this time, so buying opportunities will be watched closely with a

profit-target up at 1334.9.

Gold 16 Anchor Chart:

Gold is moving higher on the 16 anchor chart, above all the key moving-averages

so we are looking for more buying opportunities to finish up the week.

Look for buying opportunities this evening and tomorrow at

1316.2 and 1313.0 with a profit-target at 1324.9, 1326.1, and a

runner profit-target at the highs of the bullish price channel.

Short-Term Trading & Scalping: Please join us tomorrow in our Live Trade Room

for short-term trades called with exact entry and exit information.

Mini-Russell :

Yesterday on Mini-Russell we called a trade

Mini-Russell VIP Chart:

The VIP Chart of the Mini-Russell shows almost 400-ticks straight down in today’s

trading session in the US. This very wide trading-range tells us that tomorrow is

likely be a much narrower range, and the BIG CLUE is the closing-print today was

BELOW Monday’s lows.

Mini-Russell 64 Anchor Chart:

The 64 anchor chart of the Mini-Russell shows price-action making new lower-

lows and testing the lows of this bearish price channel.

We want to keep selling short in this down-trend, however, we will be wise to

look for selling opportunities after price comes up off these lows.

I want to enter short at the 1142.4 or 1153.0 resistance zones

overhead, and use the support zones below us as profit-

targets at 1102.5, 1091.0 and a runner down at 1073.7.

Mini-Russell 16 Anchor Chart:

We don’t have much more to work with on the 16 anchor chart of the Mini-

Russell this evening. The price-action on the way down today didn’t give us many

‘swings’ to use for technical analysis, so we will be looking for selling

opportunities at resistance levels overhead.

Look for selling opportunities in the range from 1131.4 up to

1136.2, as well as selling at 1137.8, 1142.4, and 1149.1 for

Friday. We have profit-targets below us at 1114.9 and

1109.5.

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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