Hey Trader,
Embracing a Fresh Start in Your Trading Journey
I hope this email finds you well. As you continue your journey in the world of trading, I wanted to share a verse that speaks to the power of forgiveness and new beginnings:
"As far as the east is from the west, so far has he removed our transgressions from us."
Psalm 103:12
In trading, as in life, we all encounter moments where we make mistakes or face setbacks. This verse is a powerful reminder that no matter what has happened in the past, there is always the opportunity for a fresh start.
Just as our transgressions are removed and forgotten, we can let go of past mistakes and approach each new day with a clean slate.
Let this verse inspire you to release any burdens from past trading decisions and embrace the freedom to move forward with renewed focus and optimism.
Remember, each day is a new opportunity to learn, grow, and succeed.
Wishing you a fresh perspective and continued success in all your trading endeavors!
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
Why Oil's Recent Price Crash Could Be a Golden Opportunity for Traders
Oil prices have taken a beating recently, with Brent crude dropping to a seven-month low of $75.05 per barrel.
Recent turmoil is largely driven by bearish economic data from the U.S., where a disappointing jobs report revealed weaker-than-expected employment growth in July.
This news sent shockwaves through global markets, igniting fears of an economic slowdown and triggering a selloff in oil.
But here's the kicker: this dramatic price drop isn’t the result of an influx of new short positions; it’s due to a massive liquidation of long positions by money managers.
According to analysts at Standard Chartered, over 135 million barrels of long positions in Brent and WTI contracts have been closed out in just the past two weeks.
To put that in perspective, such a large-scale liquidation has only happened a handful of times in the last decade.
So, what does this mean for you as a trader? Simply put, the recent price crash might just be setting the stage for a significant rebound.
Despite the current bearish sentiment, several factors suggest that oil prices could be poised for a comeback.
First, let’s talk about demand. While the market has been fixated on fears of an economic slowdown, demand for oil has remained robust.
In fact, the U.S. Energy Information Administration (EIA) recently revised its estimates for gasoline demand in May, increasing it by 344,000 barrels per day—a 3.5% year-over-year increase.
Jet fuel demand is also up nearly 6% year-over-year. These upward revisions suggest that the market may have been underestimating the strength of demand all along.
Despite some recovery from weather-related disruptions earlier this year, overall growth in oil liquids output has been minimal.
This muted production growth, coupled with ongoing geopolitical tensions in the Middle East, could provide the perfect conditions for oil prices to rally.
Moreover, Standard Chartered’s machine learning tool, SCORPIO, predicts that Brent prices will hover around $76.19 per barrel in the near term, indicating limited downside.
Even BlackRock, the world’s largest asset manager, has weighed in with a bullish outlook, arguing that fears of a U.S. recession are overblown.
They note that job creation, while slowing, is still relatively strong, and consumer spending remains healthy.
So, where does this leave you? If you’ve been on the sidelines, now might be the perfect time to consider stepping into the market.
The recent selloff has created a buying opportunity that could yield significant profits as prices rebound.
But navigating these volatile waters requires a solid strategy and a keen understanding of market dynamics. That’s where professional guidance comes in.
We’re offering an exclusive Training Webinar designed to equip retail traders like you with the insights and strategies needed to capitalize on these market conditions.
Learn how to interpret the signals, manage risk, and position yourself for maximum gains in a market that’s ripe for a comeback.
Don’t miss out on this opportunity to turn market volatility into profit. Register NOW for our Training Webinar and gain the edge you need to succeed in the energy markets.
Learn More: Get Involved
If you’re interested in learning more about the analysis and strategies I use to navigate the markets, I invite you to check out products and services traders are using to grow.
Whether you’re a seasoned trader or just getting started, we provide valuable insights, live access to our trading rooms, and educational resources to help you succeed.
Stay informed, stay focused and stay disciplined ! ! !
Thank you for reading, and I look forward to seeing you in our next session . . .
God bless, and have a wonderful day!
If you have any questions or need further guidance, please don't hesitate . . . info@specialeanalysis.com May the markets be ever in your favor!
Happy Trading,
Speciale Analysis
About the Author:
Anthony Speciale is a seasoned market analyst with over 13 years of experience trading. Through his platform, Speciale Analysis, he offers in-depth market analysis, interpretation, and expectations designed to help all types of traders, at every skill levels reach their full potential.
Analysis, Interpretation & Expectations
Day, Swing & Position Trade Analysis
Daily LIVE Market & Orderflow Analysis
NOTE: Trading involves significant risk, and it's essential to approach it with a well-defined strategy and a disciplined mindset. This blog post is intended for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making an financial decisions. For further risk related information, please refer to: www.specialeanalysis.com/disclaimer
8/8/24 AM Session: 1 Trade Placed, Some Profits, Stopped Out
Here's How Trade Played Out:
Initial Entry Short w/ 30 Contracts: 76.05
First Profit Target: 75.85 (1/3 of the position, advance stop to entry) +$2000
Final Exit: 76.05 (remaining 2/3 of the position) $0
GAIN: $2,000 - Fees
Hey Trader,
Finding Peace and Confidence in Your Trading Journey
As you continue to navigate the challenges and opportunities in trading, I wanted to share a verse that offers profound comfort and reassurance:
"Peace I leave with you; my peace I give you. I do not give to you as the world gives. Do not let your hearts be troubled and do not be afraid."
John 14:27
In the fast-paced and often unpredictable world of trading, it’s easy to feel overwhelmed by market fluctuations and uncertainties.
This verse reminds us of a peace that transcends worldly circumstances—a peace that calms our fears and steadies our hearts. It's a reminder that, no matter what challenges you face, you can approach them with a sense of calm and confidence.
Let this verse inspire you to trade with a peaceful heart, knowing that true peace comes from within and is not dependent on external factors. Trust in this peace as you make decisions, and let it guide you to success without fear or anxiety.
Wishing you peace, confidence, and continued success in all your trading endeavors!
Be Relentless In Pursuit Of The Will
Which God Has Set Upon Your Heart,
Anthony Speciale
Visa Currently Holding Significant Prior High As Support
Anthony Speciale here with Hawkeye Traders. I hope you're having a wonderful day.
Today, we're going to take a deep dive into Visa (V) and analyze its recent price action.
This is particularly relevant for those of you trading stocks or options, as understanding the nuances of volume and price action can significantly impact your trading decisions.
A Close Look at Recent Price Action
We're looking at Visa on a daily chart on the NYSE, where we’ve observed a recent surge in buying volume with a concerning lack of follow-through.
This raises the question: is Visa poised for a deeper correction, or could we be seeing the start of a new trend? Let’s explore this further.
When we zoom out to get a broader picture, we see that Visa put in a low back in October 2022 and has rallied since then, breaking above its prior high.
However, this is where things get interesting. Visa is now sitting on that previous high, a key area that could dictate its next move.
Understanding Volume and Price Action
On a weekly chart, we can see that Visa has had periods of significant buying volume followed by immediate failures, as well as surges in selling that led to consolidation and lower pushes.
But the daily chart provides even more clarity.
The candle from Tuesday, August 6th, is particularly noteworthy.
Despite the surge in buying volume, the price did not manage to do anything significantly productive.
In fact, the price closed within the lower 50% of the overall candle, which is a sign of weakness rather than strength.
This pattern suggests a potential downward trend.
We’ve seen lower lows and lower highs forming, and the price action is showing signs of a bearish continuation.
This is a concerning signal for those who are long on Visa, as it could indicate that the recent buying was merely a short-lived attempt to exit positions rather than a genuine bullish push.
Key Levels to Watch
We’re currently observing a fairly firm downward trend line on the daily chart.
Visa has touched this trend line a few times, and it seems to be holding as a significant area of resistance.
If Visa continues to struggle at these levels, it could lead to further downside.
In the event of a breakdown, we could see Visa dropping back to test significant prior highs and lows, with a triple bottom just below $228 being a key area of interest.
If the buying volume we’ve seen recently fails to push the price higher, it might simply be short-covering rather than the start of a new uptrend.
What This Means for Traders
For stock and options traders, understanding the relationship between volume and price action is crucial.
The lack of follow-through on significant buying volume is a red flag that suggests potential downside risks.
This analysis isn't just for Visa; it applies across all asset classes and time frames.
The relationship between volume and price action is a universal concept that every trader should understand.
Join Me for a Deeper Dive
If you find this analysis valuable and want to learn more about how to use volume and price action in your trading, I’d like to invite you to a special training webinar.
In this webinar, we’ll dive deeper into these concepts, explore multiple asset classes, and look at how you can apply this knowledge to your own trading strategy.
After the webinar, I'll also help you get our Hawkeye indicators set up on your charting platform, whether you're using TradeStation, TradingView, NinjaTrader, or MetaTrader.
Additionally, you’ll gain access to our Hawkeye Volume Mastery Series, where you can continue your education at your own pace.
Understanding the market’s intention through volume and price action is a game-changer.
Let’s get you dialed in and remove the clutter from your charts so you can focus on what really matters.
Click the link below to join the training webinar. I look forward to seeing you there!
Don’t miss this opportunity to deepen your understanding of the market and improve your trading skills. Join me in the training webinar by clicking the link below.
I look forward to seeing you there and helping you take your trading to the next level!
Stay informed, stay focused and stay disciplined ! ! !
Thank you for reading, and I look forward to seeing you in our next session . . .
God bless, and have a wonderful day!
If you have any questions or need further guidance, please don't hesitate . . . info@specialeanalysis.com May the markets be ever in your favor!
Happy Trading,
Speciale Analysis
About the Author:
Anthony Speciale is a seasoned market analyst with over 13 years of experience trading. Through his platform, Speciale Analysis, he offers in-depth market analysis, interpretation, and expectations designed to help all types of traders, at every skill levels reach their full potential.
Analysis, Interpretation & Expectations
Day, Swing & Position Trade Analysis
Daily LIVE Market & Orderflow Analysis
NOTE: Trading involves significant risk, and it's essential to approach it with a well-defined strategy and a disciplined mindset. This blog post is intended for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making an financial decisions. For further risk related information, please refer to: www.specialeanalysis.com/disclaimer
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