Wednesday
February 11, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
8 Days Until Las Vegas “Watch Me Trade and Ask Questions” Seminar
Great Morning!
Closing Prices From Yesterday
Yesterday and Today
Yesterday
The market did in fact disconnect from oil an bonds yesterday and wen up nonetheless. The Dow was up 0.8% while the S&P was up 1.1%, indicating a broader market rally.
TODAY
We are only 131.24 points from 18,000, an only 234 points from the all time highs. Think about that when only 1 week ago (Feb 2) we were at 17,054. This market shook off (apparently) all the noise from Obama wanting to send troops in after ISIS, Greece, Oil falling, some crappy earnings announcements, etc.
Interest rates are all that matters. I have been saying that for years as the reason for this stupid government created bubble to keep inflating, and it still hods true – for now. But when this bubble pops, and they all do, it is going to be messy. I would NOT be surprised to see 4,000 – 5,000 Dow points melt away like butter on a hot stove. But not for now.
For now it looks like the nay-sayers are going to get their butts handed to them in paper bags as this market finally breaks through the point it fell from so many times before – the highs from the 1st day of the year.
Below is a chart of the Dow, which is rigged, that illustrates how close we are. I put numbers in the image to illustrate how many times it fell from the 17,950 area. It appears no one is afraid of shorting the market just under 18,000. What does this mean?
We are close to hitting that area again, about 90 points in the Dow. We will probably get up there again (today or tomorrow). Maybe fall or wait there (like we are going to fall) for a while. From there we will likely sell off about 30-40 Dow points to get everyone thinking “here it comes again”, and that is the buying point.
After that “head-fake” we should blast through the number like butter and then flirt with 18,000.
Dow Year-to-Date Courtesy of TOS.
A few important things:
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Class Tonight
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Started the first part of the Random Walker Spread and have really nice boundary and as the “walls”. If this were chess then we placed down the ROOKS.
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We are balls-out long here with a positive 263 SPX equiv deltas. A lot of that came from positive gamma on the upside as we went higher. It was a great day yesterday but now we have to roll out in time to avoid the heavy time decay.
A separate update is coming.
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
This dingle-berry makes $10 mm a year and is only suspended for 6 months?
If I get caught as a pathological liar I lose everything and go to jail. Certainly this man who reached into millions of homes had to have more influence over people than me. I repeat – I hate the media. Who knows what is real anymore because of ass-clowns like this?
Guys like this being tossed off the air should be good for 1,000 points higher in the Dow. Now we have a chance of getting a few real facts. Obviously this is just my opinion.
Exaggerated tales? MY BUTT. Everyone exaggerates. He was making stuff up that had no probability of being real. If he were my neighbor I would be in jail for defecating over my fence to give him my own news story.
Other than that, I wish him well. He really should have gone into politics and nothing would have happened to him. Just ask Hillary.
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