Morning Update: February 11, 2014

admin@RandomWalkTrading.com

1–(855)–RWT-0008

Monday February 10, 2014

POT PEOPLE

Expect to see nothing but TOS and OptionsAnalysis in the sessions starting this week.

This is going to be a HUGE edge and benefit to POT people as I will not be making nearly the same amount of clerical mistakes. In addition you will be given access to our account where you can go look at the current positions at anytime to verify what is in there. 

The Dow closed up 7.71 at 15,801.79

We are about 200 points away from 16,000 (on the upside) and 300 points away from 15,500 (on the downside). I purposely did NOT sell premium (or anything else) yesterday because I believe one of those numbers will be hit bu the end of the day today.

Today’ is Yellen’s first speech.

AAPL closed up 9.31 at $528.99.

The stock had been as high as $531.99, but seemed like sellers came in every time it breached the $530 area. Carl Ichan gave up his attempt to force AAPL to buy another $50 to $100 billion in stock after his ISS letter received a vote of NO. Yet being Ichan, you claimed it a victory. Apparently it was with the stock up almost 2$. 

The VIX closed down 0.03 at 15.26.

The VIX was up most of the day and only sold down on the close. I suspect it will bounce again right on the open, and then sell off AFTER Yellen is done speaking. 

Closed up 0.30 at 107.09. 

GLD = up 0.75 at 122.92

SLV = up 0.02 at 19.29

TSLA closed up 10.03 at 196.56. 

Meaningless numbers today compared to Yellen speaking

Actually no REAL numbers until the 12^th. 

Yesterday

One of the most boring days of the year, but most people got through it without dying as it was pretty indicative of a normal day last year. 

Today

Yellen speaks today at 1500 GMT, and tomorrow as well.

The markets will be very jittery and choppy (in all likelihood). Keep in mind that the recovery is VERY slow, and recent numbers are indicating that it might be getting worse again.

GENIUS

The anal-cysts will be betting on what she will say. She is sharp and careful in her wording. She will NOT be painted into a corner. Also the Congressman (First day) and Senators (Second day) will be gentle on her for her first meeting. Yet the focus will likely shift from “WHEN” the Fed keeps tapering, to “IF” they can keep tapering given the weak numbers.

You can almost be assured that she will say that they will continue tapering, BUT can press down the gas petal again if needed. In other words, she will not commit to anything. But that will not stop the media from guessing if she will stop or accelerate tapering. They never learn from history.

So expect momentary drops and spikes higher when the question is given to her and when her answer comes – respectively. 

PLEA

Please tell someone you know that they do not have to be a victim in the government created stock market bubble. I don’t care where they learn to hedge from. Send them somewhere else if you like. Buy them our BASICS book for Christmas. Buy them someone else book But help a friend out. 

Remember that next week 20^th and 21^st will be the POT session during trading hours. From Noon to 1:30 Eastern POT will be held instead of the 19^th to watch real-time scalping and legging into synthetic call and put positions. 

Too True To Be Funny

(Never a joke, but always funny)

____ ____ ____  

Attorney Stuff

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