Random Walk Trading.com
Friday
March 6, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Great Morning!
Closing Prices From Yesterday
Yesterday
A 73 point range for the day in the Dow. The market vacillated between above and below SPX 2,100, while the NASDAQ attempted to make a come back with the COMP gaining 15.67 points. It was a slow news day with the most talked about thing being Mark Cuban saying the markets are in a bubble.
In an interview it was later determined/clarified that he was talking about angel money bubble. He was right about one thing and that was how money is shifting around. Many investors are no longer long term value investors. Instead it does appear that people are chasing every stock that is rising, and then all dumping it when it falls. People are too lazy to learn to hedge, so they jump out too quickly once they see the fish in front of them change directions.
US DOLLAR
The US dollar climbed to the highest level in 11 Ā½ years as the EURO broke below 110 for a while today. This fall in the Euro was attributed to Draghi’s speech confirming his intention to spend $60 Bln on bond purchases every month until at least 2016.
TODAY
Today is the day everyone has been waiting for ā nonfarm payroll and unemployment rate.
I assumed that we would close up yesterday (as stated in the previous day’s update), but the SPX being up 2.51 and Dow 38.82 is not quite the magnitude of move higher I was expecting. Today’s numbers are what is retarding investors from put money to work (or taking some off the table), so we will have to see how they come out at 8:30am.
I have always stated that it doesn’t matter what the numbers actually are. The numbers are only the reason for the move that follows, but the move would have happened anyway. This market wants to do something every day, and the economic numbers are just the rationalization. So today we will find out better if SPX 2100 is going to be a floor or a ceiling.
POT is held each Wednesday night at 7:00pm eastern.
This coming week: More Vertical Spread Hedges
Coming Soon: Emini Options, VXX/SPX, etc.
I want to emphasize that we are doing what we promised and cutting back a little on the updates. Part of this will be discussed Wednesday where we are going to a slightly longer term market perspective.
Contract the office at 1- 855 ā RWT ā 0008 for more details.
Too True To Be Funny
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Attorney Stuff
DISCLAIMER (Seriously!)
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.
We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesnāt mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.
Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.
When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.
All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.
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Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).
Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesnāt mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.
Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.
Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). āThank yousā are only handed out in countries where legal and void where prohibited. If your country does not allow āthank yousā please refrain from accepting it. This disclaimer is copyright material and not a joke.
