RandomWalkTrading.com
1–(855)–RWT-0008
Thursday February 20, 2014
Today and Tomorrow – Only $98
Two days, 20 Pages, Many examples, And a Recording.
POT Reminder
Today is Legging into Synthetics Part I
Noon Eastern
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The Dow closed down 89.84 at 16,040.56 on a market that shrugged off weak numbers on the open. The Dow had another wild ride of up 100 and down 100.
AAPL closed down 8.62 at 537.37. Carl Ichan selling shares?
The VIX closed up 1.63 at 15.50
The TLT closed down 0.45 at 106.37
GLD = down 1.13 at 126.47
SLV = down 0.50 at 20.63
Gold closed down 11.40 at 1,310.90, still above the support/resistance line of 1,300 everyone is interested in.
Earnings came out after the bell and the stock ran up.
Going into the close the stock closed down 10.06 at 193.64
After earnings the stock closed at $218
Yesterday
A crazy day as the market shrugged off all bad economic news until the close, then reversed to close down. Other than that, it was pretty quiet and controlled.
Today
A lot of economic numbers out today. So far we have had 2 weeks of bad economic numbers that the market has shrugged off, but how long can that go on just because Asian markets are stable?
I am thinking we open today and likely test 16,000 in the Dow. We will eventually (today or Friday or Monday) run higher as the markets still have no better place to park money. But things are starting to show a little tiredness in the bull and may be winding down in a few weeks/months. We shall see.
What caused today’s selling?
Some members of the Fed stated that they see more tapering as the economy is gaining traction. Yet the numbers coming in show that the economy is not very robust, so the market was jittery.
See Reuters release below.
New POT people. Keep in mind that new people are always lost for a while. You are coming to a movie that has been going on for a while, so it will take a few days to catch up to the plot and characters.
The market volatility increased dramatically. I want to sell some more premium but am waiting until the open today as the market is so close to 16,000 I feel that we will test it/go through it on the open and be able to sell higher levels.
Attorney Stuff
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