Recent News and its Effects on Price Action

Hey my friends, what can I say, we have some very big news events that can have a strong effect on the S&P 500, oil (CL), as well as other markets.  There’s an upcoming OPEC meeting coming as well as the interest rate meeting that we just had in Jackson Hole Wyoming with the queen of “rates” herself, Janet Yellen.  Last week US index futures were slated to open lower due to the expectations of what Janet Yellen had to say.  Another huge news event is the upcoming OPEC meeting that is being held in Algeria on September 26th, 2016….who knows what market price action will develop from these two, very important meetings?

price actionThe fact is that investors are looking to the “FED” to see if it provides an indication that interest rates will indeed rise…. will it happen…. who knows, they’ve been talking about this happening for the past few years and it never seems to materialize.  According to CNBC, “The markets currently have March scheduled in for the next rate hike and if Yellen is seriously determined to move earlier, she needs to take advantage of Friday’s opportunity to drive the message home”.  Regardless of what was said, Vice Chairman Stanley Fisher said just this last Sunday on August 21st, 2016 that “the Fed is close to hitting its job and inflation targets”.

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Jason
Our lead trader Jason Love has been an active day trader for the past 10 years. The Oil Trading Group was founded over 5 years ago to address the glaring need for quality day trading education. Prior to becoming a day trader, Jason ran a 300 seat call center, as the Vice President of Operations. As a veteran of the United States Navy, who served during Operation Desert Storm, Jason understands the value that structure and discipline have in day trading the volatile financial markets. In addition to providing day trading education to customers, he is also providing education services to a large futures trading firm, based in Chicago. When Jason is not trading, he is coaching his son’s Travel Select Youth baseball team and spending quality time with his family.
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Jason

Jason

Our lead trader Jason Love has been an active day trader for the past 10 years. The Oil Trading Group was founded over 5 years ago to address the glaring need for quality day trading education. Prior to becoming a day trader, Jason ran a 300 seat call center, as the Vice President of Operations. As a veteran of the United States Navy, who served during Operation Desert Storm, Jason understands the value that structure and discipline have in day trading the volatile financial markets. In addition to providing day trading education to customers, he is also providing education services to a large futures trading firm, based in Chicago. When Jason is not trading, he is coaching his son’s Travel Select Youth baseball team and spending quality time with his family.

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