Morning Update: March 28, 2014

DOW closed down 4.76 at 16,264.23[/ezcol_2third_end]

[/ezcol_1third]

AAPL closed down 2.32 at 537.46

[/ezcol_2third_end]

[/ezcol_1third]

The VIX down 0.31 at 14.62 after the selling could not manifest into something real. The VIX hd been 1% point higher than the closing price at one point.[/ezcol_2third_end]

The TLT closed up 0.55 at 109.99.

This was simply a flight to quality and risk aversion. I expect it to get smacked down today.

[/ezcol_2third_end]

[/ezcol_1third]

GLD = 124.59 down 0.82

SLV = 19.00 down 0.02

[/ezcol_2third_end]

[/ezcol_1third]

Closed down 5.64 at 20732

[/ezcol_2third_end]

Yesterday

The Dow had done the usual – open on the highs and then sell off. This time, however, the highs were only up a few points instead of 100. All-in-all it was a BORING day.

Today

The markets yesterday did all they could do to fall off, but came back at the end of the day. Since this thing doesn’t want to go down I am going to step out on a limb and guess it is going up. The personal income numbers can help on the open, but the potential bogey is the Michigan Sentiment at 9:55pm. I suspect that once this number is out of the way we will be up 100+

POT TONIGHT!

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

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

5 Updates yesterday.

Sold out of put spreads.

Took profits on some hedges

Sold ITM put spread to get long deltas for today.

Today?

This is the last day for the 1850-1845/1840-1835 unbalanced condor example. This went from a $0.50 credit to a $0.15 debit (in our favor) on the close. On the open it should be about $1 for a total swing of $1.50. This comes to an additional $750 profit compared to closing out the spread on Thursday. Nice work POT students.

Primarily Hedging Questions

Too True To Be Funny

(Never a joke, but always funny)

__ __ __ __ __ __

Attorney Stuff

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.

We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. There is no guarantee the sun will come up tomorrow. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We strongly recommend against trading, and request you seek out professional advice when ignoring this advice.,

Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

Our products are written ONLY by retired floor traders, fund managers and money manger acting as educators only. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. Though we make every attempt to do things accurately, we are human and make mistakes.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.