Thursday
July 30, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Federal Reserve Rate Decision Today
This is a BIG ONE!
Great Morning!
Closing Prices From Yesterday
HUMPTY DUMPTY AD
Last year we did a MINI COURSE on trading crashes. What a good time to refresh your knowledge !
China is falling like a rock, and until yesterday looked it was taking us into the sewer with it. In order to get everyone up to date on this we are offering the attached coupon code below so that you can save some money to purchase and extra put spread on us. !
Confused? Don’t know if you are protected in a crash?
Call the office for assistance!
Today’s Number(s)
Yesterday and Today
Yesterday
The market opened marginally higher as measured by the SPX, then gradually climbed going into the Fed meeting. By the time the Fed meeting was due the E-minis were up 10 points, but sold off slightly minuted before the meeting to a net positive of +7.
The Fed came out and announced that there was no change in interest rates, and this sent futures up 14 briefly UNTIL they announced that unemployment rates were low and getting lower. This āfoot noteā sent futures back down to being up only +7 again.
After the bonds and TLT didn’t react at all to the news the markets were comfortable running higher again, and eventually closed near their highs for the day.
The SPX closed above its magic number of 18,000 for the first time in a long time, meanwhile the Dow is lagging because of big components like IBM and UTX keeping a lid on it. So at the end of July we are right back where we started.
TODAY
It is ALL about China today.
Yesterday China was very volatile opening down -3% and closing up 4%.
Anyone else sick and tired of the US stock markets ignoring fundamentals, earnings, interest rates, and only worrying about countries such as Greece, Puerto Rico, China, etc? Well I assume China is not done with their volatility, and now US politicians are encouraging China to stay strong with their stock market reforms.
So we are ONCE AGAIN being held hostage to someone else s problems and this wont likely stop anytime soon. So today’s prediction: Learning to trade Chinese stocks because when you trade US stocks are essentially going to make or lose money depending on what China does.
OPTION TRADERS
A nice class last night as we took an existing vertical spread $10 wide (in the SPX) and played with many different ways to take money off the table, but leave on opportunity for a profit.
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
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.
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