Morning Update: March 25, 2014

DOW closed down 26.08 at 16,276.69

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AAPL closed up 6.32 at $539.19

POT people….. Remember that we did a bullish risk reversal yesterday when the stock was at $535. 

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The VIX closed up 0.09 at 15.09%

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The TLT closed up 0.26 at 106.99

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GLD = 126.18 down 2.29

SLV = 19.21 down 0.31

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Closed down 8.72 at 220.17

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Yesterday

A very dull market dragged down by a deteriorating bio-tech market. It seems that some companies are charging more than what the government feels is fair (remember the government is in the healthcare business now) and are being investigated as a result. This is dragging down the bio-tech and the media is claiming that that is the reason for the market being weighed down. I doubt that is the reality of the situation.

I think the major indexes running up to the current levels several times and falling, instead of blasting through, is the reason for the selling the last two trading days. It is the BIG BOYS lightening up on their portfolios and taking profits in their big winners for the year – tech, Tesla and metals (all of which coincidentally were down even when the overall market was up).  

Today

Not sure. The market is showing signs of the big boys selling every time the market gets to Dow 16,500. Yet the market can NOT fall hard. Every little pullback is bought. The Dow drops 450 points because of Russia and it gets snapped back to new highs when bullets don’t fly. If the market cant sell off there are only two things left for it to do: Stay there (doubtful) or go higher.

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. 

Back to the regular schedule. 

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

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

Too True To Be Funny

(Never a joke, but always funny)

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