RandomWalkTrading.com
1–(855)–RWT-0008
Monday February 24, 2014
A reminder….if you would like to attend either of these events, please contact the office and reserve your spot. This is going to be SOLD OUT, and you can reserve your spot now (without putting down the full amount). Call 1-888-RWT-0008 NOW to reserve your spot. 
The Dow closed down 29.93 at 16,103.30
AAPL closed down $5.90 at 525.25
The VIX closed down 0.11 at 14.68
The TLT closed up 106.67.
Maui people. I was watching this all day as we were short the 107 strike call as part of a risk reversal. I didn’t waste your valuable time by telling you 4 or 5 times that it was still not a concern.
GLD = closed down 0.02 a 127.58
SLV = closed down 0.03 at 20.97
Tesla closed down 0.37 at 209.60
NO NUMBERS TODAY
Yesterday
One of the weirder days of the year. The Dow and stocks were all over the board backing into the highs from previous days. The image below describes my confusion.
The chart on the left shows what could be a classic head-and-shoulders scenario. I mentioned last week that I am waiting to see how this pans out.
In POT I am very slightly long deltas and waiting for a break down or move above 16,200 before I make the next move. If either of these happens this week, POT people get ready for a LOT of UPDATES coming in.
Today
Who knows? I am watching this market stagnate in a tight range. We are in a precarious place in the Dow and the market typically collapses at the end of the day during any rally higher. This does not bode well for the market. Yet at the same time this market has not had the typical run away buying of shares regardless of price for fear of missing out on further runs higher – the irrational exuberance that Greenspan use to speak of.
So I wait, and wait.
To further complicate the situation….we have had two weeks of lukewarm (at best) economic numbers, and yet the Dow has climbed. Another week or two of this and I don’t see the markets holding up.
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.
POT people. TSLA worked out nicely. We have 1 week left and the stock is only $5 away from our long spread. I will clean this up tomorrow.
Attorney Stuff
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