Thursday March 6, 2014
RandomWalkTrading.com
1–(855)–RWT-0008
Next Online Class
Condors, Iron Condors, Iron Cockroaches and Unbalanced Condors all included!
March 15.
Holy Cow, that is less than 2 weeks away,
and it is almost already filled up.
SYNTHETICS CLASS: Recall that the write up I was doing was about 20 pages. It has expanded to 30 pages and will be out by the end of the weekend. We will try to start sending them out tomorrow, but the serial numbers take time as they are done in several steps by hand.
Those wanting the recording, write-up, slides, etc can still purchase it by contacting the office. I think it is about $99. It was two days and about 4 hours of recordings and examples. Thank you.
The Dow closed down 35.70 points at 16,360.18
All the major indexes are at all time highs with the exception of the Dow. The all time high of the Dow was 16,588.25, 228 points higher.
AAPL closed up 1.12 at $532.36
The VIX closed down 0.21 at 13.89
The TLT closed up 0.23 at 107.62
GLD = closed up 0.21 at 128.89
SLV = closed down 0.01 at 20.36
Tesla closed down 2.18 at 252.66
Yesterday
Not a lot occurred yesterday. We rested at all time highs balancing the events unfolding in Russia with the economic numbers.
Today
I am sticking with my story. Unless something weird happens in the Ukraine this market wants to go up – weather you want it to or not. We had a very traumatic even occur in the Ukraine which seemed as it could continue to escalate and the Dow could only sell off 153 points. People were buying the dips below that, which indicates that there is a lot of stock needed to be purchased.
I am not sure if I were a long term investor if I would be happy buying shares up here, but I am not the public. Personally I think there is another 600 points of upside potential in the Dow and about 2,500 points downside. I would rather miss a 600 point run higher after a 30% return last year, than risk a drop of 2,500 points.
But because I a not a “buy and hold” type of guy working at a retail stock shop selling mutual funds, I can understand why people want to buy shares. Interest rates are still low. We have had 4 big scares in the last year and anyone that sold regretted it later. So….unless something weird happens in the political world (primarily the Ukraine) I suspect we are going higher and will get near 17,000 eventually.
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.
____ ____ ____
Marijuana is legal, but electronic non-smoke emitting cigarettes are illegal? WTF?
Only would a politician see logic in that.
New Law?
You can drink and drive, but not drink and ride a bicycle.
On a related note:
Attorney Stuff
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