morn update

Friday March 21, 2014

Happy Day!

Important News

Expiration

The Year of Selling Premium Has Started in POT

It ends in a grand finale with back-tests in Italy in September.

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POT people…..

Make sure you read your separate update coming out. I am go to be adjusting hedges, positions, and adding a Random Walker ™ spread today.

Maui ’14 People

The supplemental material is coming. We have NOT forgotten about it. I have been deluged with requests for items I feel are very valid for everyone (not just one person, with the exception of Maurad – lol) so I continue to add. I want this to be AWESOME. If one little extra nugget of wisdom helps save a huge amount of money or turns on the light bulb, it is worth it (in my opinion). 

 

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The Dow was down 108.88 at 16,331.05

The Dow was up almost exactly what it sold off because of Yellen’s speech.

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AAPL closed down 2.56 at 528.70

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The VIX closed down 0.60

tlt

Down 0.19 at 107.07

silver and gold

GLD Closed down 0.23 at 127.86

SLV Closed down 0.27 at 19.52

Tesla

tesla

Tesla was down 0.93 at 234.91

 RSX

RSX (Market Vectors Russia)

Closed down 0.59 at 22.09

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Yesterday

The markets sold off slightly after the initial economic numbers. Then Obama spoke about tougher sanctions, but the markets did very little. It was not until the second set of numbers came out that we began the climb. In other words, this market still can’t sell off without buyers coming in – That is until until it does.

 

Today

?

No Numbers

No more nasty words from our President today (probably)

No News on Putin having any special plans in his appointment notebook.


Having said all of that I would be led to believe that today is going to be a balancing act between people taking profits going into the weekend (no one likes being long over the weekend) and the insatiable desire to buy stocks by fund managers. The funny thing is, if I were a fund manager not knowing how to hedge, I would rather invest in NOTHING and wait for the inevitable fall. But they don’t get paid for zero returns, so they will keep throwing their darts (trying to beat the S&P) until they lose.

pot1

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

 

POT people….

Don’t forget that all the positions for POT are in OA, and you can get hold of them (if in POT) at anytime of day or night.

We are still naked long the RSX calls and then got long more (QQQ) today. Every 100 points to the old all-time highs I am getting longer. Hedges are in place, and more will be added near 16,500.

Contact the office at 1- 855 – RWT – 0008 for more details.

wtf1

Too True To Be Funny

(Never a joke, but always funny)

__ __ __ __ __ __

POT and Condor – Copia has separate updates coming. 

Attorney Stuff

 

mug

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 DailyPlanet newspaper.

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