Random Walk Trading.com
Friday
May 15, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC.
Closing Prices From Yesterday
CNBC Survey:
According to a CNBC survey,
“63% of millionaires surveyed say they’re one stock market crash or lose job away from losing their lifestyle”
Have a great day!
Below are the major stocks reporting earnings
73% of companies have beat so far
1–855–798–0008
Today’s Number(s)
Yesterday and Today
Yesterday
We ran right from the open, backed off only a few points, and then kept running to close at all-time closing highs in the SPX. Bonds staying UP on the day was the sole reason for this market being up as much as it was.
This run higher was LONG over-due. I have been waiting for weeks and weeks for this. It was a given, but I didn’t see it taking this long to occur. Again, bonds finally cooperated.
TODAY
Despite the new record high in the SPX I am not ready to cal a top yet. We still need new highs in the Dow, Nasdaq, etc. When I see the Dow transports start to move up as well, then I will get nervous that people are throwing their money at just about anything.
So for now…we are going a little higher – not necessarily today, but over the next couple weeks. We will LIKELY see a BIG short squeeze run up before they pull the carpet from underneath us. I can’t wait for that as I am not a big fan of bull markets.
We got rid of a lot of our long deltas by the end of the day. I am hoping for a small pull back to get long more, but for now it is not an emergency. We cleaned up RSX, SPX, half of our long Gold position, etc. Things should be very subdued today.
Contract the office at 1- 855 – RWT – 0008 for more details
I still can’t believe we went into Iraq because of fake weapons of mass destruction, but we let Iran and N. Korea get away with this crap. Someone please clone Ronald Reagan.
Too True To Be Funny
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Attorney Stuff
DISCLAIMER (Seriously!) All data above is provided for informational purposes only. Random Walk makes no guarantee as to the accuracy of the data.
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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