Morning Update: June 12, 2014

1-855-RWT-0008

Yesterday

We were down 102 Dow points, but that was because come Dow stocks were hit hard. The overall market was down half of what the Dow was on a percentage basis. The media has lost its mind. They stunk before – now they are nuts. The market sold off because Eric Cantor lost an election.?

Seriously…I am done listening to the news. I can’t take the psychotic drivel and fiction.

Today

We are 157 points away from 17,000 so it is unlikely we will close there today. This is more of a two day job. Besides, most of the time the Dow makes a new big high it doesn’t close there. So if all the news comes out great today and we do touch 17,000, it will likely not close there.

We could also see another day of selling. Yesterday’s selling had no conviction and I can’t believe even the weak hands were not scared. We will see after initial claims and retail sales come out. That will be the key. 

IMPORTANT and FREE

I knew the word “free” would get people’s attention!

So in the mean time…if you have someone you love in the market let them know it is time to learn what they are doing NOW. So far they are just lucky, and thinking it is brains. Anyone can buy any stock in a market where the Dow goes from 7,000 to 17,000 in 5 years and make money (Ebay being the exception…lol).

These are usually the cheap people in life that think education is over rated and too expensive (while sipping on their $6 latte at Starbucks).

So have them invest $0 in their education and go online to get a FREE book. Get out free book on option basics so they can learn to hedge when the VIX is on an 11%, not 111%.

The biggest act of kindness and love is sharing what is important…not a National Lampoon Vacation DVD from Walmart. Now Chevy Chase is going to sue….crap…

Why do we do this?

For the same reason Mercedes gives away airbag technology for free. You do the math.

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

Good stuff yesterday.

Look for a separate update.

POT TONIGHT

7:00 Pm Eastern

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

BIG ANNOUNCEMENT (?)

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

Attorney Stuff

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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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