1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
9 Days Until Las Vegas “Watch Me Trade and Ask Questions” Seminar
Great Morning!
Closing Prices From Yesterday
Yesterday and Today
Yesterday
The market opened about where I suspected it would, 2050 in the SPX. We then bounced as I suspected (and said so in yesterday’s update). What came out next was more rumors about Greece and Obama stating he was going to ask Congress for approval to send troops after ISIS (or do you say ISIL). We then sank to a low in the SPX of about 2042 before settling near 2047.
TODAY
Who cares if Obama asks Congress for permission to take the fight to ISIS?
If Obama thought it would be a problem getting it passed he would just do it without Congress through executive action. But he knows that this one is a no brainer wit Congress. About 1,000 soldiers died in Afghanistan and most Americans don’t even now why. They thought they were looking for Bin Laden, but not if you look at Bin Laden’s face you can see the wall behind him. Yet soldiers remained, so it must have been something else, but what?
With the recent headlines of an American (probably CIA) being killed by ISIS I could convince congress of going after ISIS. As a matter of fact, I bet Obama would be impeached by Congress if he didn’t ask for it.
THUS….
The initial shock of asking for approval to send 20,000-30,000 forces in to kick the ass of the “Jay-Vee” team is not a big deal. Today’s shock will wear off. It may come back a little when the vote comes up, but then will be in the rear-view mirror the next day.
So instead of stupid headlines we should be back on track to hear earnings and watch oil move. I think that oil is becoming a non-event though.
POT people. I am getting bullish and feeling like we are seeing less and less volatility. Today or tomorrow I am going to initiate a RANDOM WALKER ™ spread, an probably sell some premium (PREMIUM SELLING CLASS) as well. Stay tuned.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 – RWT – 0008 for more details.
Too True To Be Funny
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Attorney Stuff
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Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.
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