You are welcome!
I know often those of you who don't subscribe to the PSW Report don't get these trade ideas after the market opens and miss out on some of our Futures trades but yesterday oil didn't even hit our target short at $47 until 9:20 and was still at $46.75 even after my free post went up over at Seeking Alpha with that very, very specific trade idea and target. We actually published the trade idea at 5:53 am in our live Member Chat room – so our Members had hours to get on board and you can actually see our initiation of the trade all the way back on Wednesday, during our Live Trading Webinar at 2pm (where I also called Retail dead the day before the big Retail sell off (at 00:56:10)!
As it worked out, we nailed the top and nailed the bottom on that oil call and no, I'm not psychic – we're merely using the 5% Rule™ – one of the essential tools we teach to our Members at PSW every day!
We even made money on the move back up in our Live Member Chat Room, calling the turn at 11:17, a full hour before it began to go higher. We also had similar success on our Gasoline Futures play (/RB), where we had called the short in the Webinar at $1.575 and we caught a 0.02 drop at $420 per penny, per contract, which paid $840 on a single contract and $3,360 for 4 to push us well over the $5,000 mark from Wednesday's Webinar Trade Ideas – keeping our 2016 streak of winning trade ideas alive.
Remember – I can only tell you what is going to happen in the markets and how to make money playing it – the rest is up to you!
We had an extensive macro discussion this morning on oil and the Global Economy in our chat room, so I won't go over that again but the key takeaway was the Abe/Kuroda one-two punch this morning that sent the Yen lower but has failed to lift the Nikkei as people simply no longer believe in the Banksters who…
