Monday
March 2, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Great Morning!
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
More boredom in the markets; however, we did have the first down day in about 12 trading days. AAPL started acting goofy over the last 3-4 days trading up big, then down big, then repeating the see-saw. The down day did have the TLT pushing closer to 130 again, and oil was relatively stable. The day appeared to be one of consolidation.
TODAY
At 8:30pm eastern on Sunday the E-minis are up $2.50 which would indicate a slightly bullish open. The Dow futures (/YM) are also indicating a slightly bullish open of about 23 points to the upside.
What I don’t quite understand is why the market didn’t sell off stronger on Friday when it decided it was going to close down on the day. This would have one thinking that we are in store for more upside. Yet after a heavy run higher with new highs made every day a little bit more of a pullback on Friday or today would be the most healthy thing for further advances.
Could we be entering into the last phase of the Dow Theory? It would make sense. For about a year I have been anticipating (and saying so) a small crash to the upside before the fall comes. Crashes come when the boat is too lopsided to the bullish side, and that is indicative of massive rallies. Think back (those old enough to remember) what happened in 1998-1999 to the Nasdaq during the tech bubble. I have been looking for a muted version of that – one where even horrendous news has the Dow run up big.
If what we are seeing is the start of that it is way delayed in my opinion, but will be a stupid run higher. Back to the days where there was a rush to buy anything because you “know” at the end of the day you can sell it higher.
POT is held each Wednesday night at 7:00pm eastern.
THIS WEEK: More on HOW TO HEDGE a VERTICAL
Contract the office at 1- 855 – RWT – 0008 for more details.
Too True To Be Funny
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What is this…about the 30th time he declared war on the US?
If that chain smoking “weeble” declared war on me I could sleep at night without even turning on the security system. When Dennis Rodman is your adviser you know you are in need of help, unless he is advising on drinking skills.
He will be the first leader to use an atomic bomb on himself. Can’t we just drop a Ben & Jerry’s bomb on him on the way to getting Jihadi-John?
Attorney Stuff
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