1Morning Update Nov 3

Prepared by the good people at Random Walk, LLC. (and Scott)

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Yesterday and Today

12Morning Update Nov 4


Yesterday


Another slow day. I was showing people in POT class last night how tight the ranges in the SPX have been since we got back to SPX 2100.

The markets were down a little until the end of the day when there was a little capitalization in the Eminis, falling from -5 to -9.50.

But what is quiet in the overall market is misleading to individual names. Macy’s reported earnings and the stock fell 14%. There have been a lot of names this season that have gone nuts, moving +/- 10% or more after earnings.

This should die down now as 93% of the stocks in the S&P500 have reported. Overall things are dismal for earnings if you factor in the energy sector. Take that out and it is a good quarter.

What is amazing is the Alibaba’s (BABA) made up holiday ā€“ Singles Day ā€“ had sales surge 60% to 14.3 BILLION. They were doing 88,000 transactions a minute. Now I am sure the Obamacare website cost $5 bln to make, so it can handle that too. But what is amazing is the stock was still down on the day.

TODAY

I have been saying I expect Dow 18,000 as early as Friday. Tomorrow is retail sales. The only way that is going to happen by Friday now is if we have a decent day higher today, otherwise 298 points to the upside is asking too much.


SEMINAR
January 20, 21, 22

Free Dinner Cruise Thursday January 21

For more information on affordable hotels contact the office or watch the VIDEO with the following link:

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Last night you asked for Bill Akman’s positions: Here they are:

A few updates coming today.

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POT is held each Wednesday night at 7:00pm eastern.


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Below are reprints of the best cartoons I have found.

Too True To Be Funny

Screen Shot 2015-11-11 at 11.57.59 PMNow why did I not think of this? Spending all this time learning the stock market when I could have taken a cruise to Hawaii and been tapped with a sliding door. BTW..the man did get off the ship and enjoy the vacation. He was not diagnosed brain dead. Things like this are what is wrong with America.


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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 doesnā€™t 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.

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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 doesnā€™t 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). ā€œThank yousā€ are only handed out in countries where legal and void where prohibited. If your country does not allow ā€œthank yousā€ please refrain from accepting it. This disclaimer is copyright material and not a joke.