Make Money Trading The News

At SlingShot Trader we help subscribers make large, quick profits trading the news. Not every news story is worthy of a trade. In fact, very few are. But with our proprietary screening mechanism — the SlingShot Profit Screen — we cut through the noise to find the high-velocity trades that will put money in your pocket. LEARN MORE ›

Latest Webinar: November 30, 2016

Topics discussed: Some significant developments in the market that will likely have repercussions going out beyond this week and through the rest of the year, including the deal reached by... Watch It Now ›

John Jagerson
Editor, SlingShot Trader

Wade Hansen
Editor, SlingShot Trader

Weekly Update: Nov 30, 2016

Representatives from the Organization of the Petroleum Exporting Countries (OPEC) announced a deal to cut production by 1.2 million barrels per day following their meeting in Vienna on Wednesday. This brings expected production levels down to 32.5 million barrels per day, which is near 2014-2015 production levels. A 3.7% cut may not sound like much, but, in theory, it could have a large short-term effect on the market.

Oil spiked on the news, as investors expected a short-term increase in prices following the supply cut. However, it’s likely that short traders made more of an impact on prices by unwinding positions in the futures market. WTI crude oil prices spiked 8.5% on the news, but the long-term channel is still intact.

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