Tuesday
July 28, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Great Morning!
Closing Prices From Yesterday
Confused? Don’t know if you are protected in a crash?
Call the office for assistance!
Today’s Number(s)
Remember this is the last Fed Meeting
where we have a clue about the Fed raising rates in September.
The announcement is released Tomorrow.
Yesterday and Today
Yesterday
The 5th down day in a row. I suspect this will be the last of them.
The day started out with the market opening at its lows. This is the 200 day moving average in the S&P 500. We bounced enough to cut back half of the losses, and then sank again.
The culprit this time was China’s markets having the a 8.5% drop. Despite outlawing short-selling, the State buying shares, etc., China can’t stop the selling of shares.
Bonds were up (rates down a little) but not much, indicating the short squeeze may be over.
Gold was down again, which is baffling many people. If you realize one of the largest owners of gold is China, and people in China are scrambling to meet margin calls, it makes sense.
TODAY
It is almost unheard of to have six down days in a row, so I have to say āupā. In the event that China sells off again and takes the US markets down with it, watch out for SPX levels of 2065. the 2065 number is the 200-day moving average that we have bounced off 2 times recently, and if it goes through there things will be ugly.
In short, it all depends on China. The Giant Panda Balloon is losing air, and it it totally deflates it will take us down with it. Why? Margin calls in China will have to be met and people there will be selling US assets to bring back.
OPTION TRADERS
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 ā RWT ā 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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