Morning Update: June 16, 2014

1-855-RWT-0008

Yesterday

A quiet day of slight bouncing. We had a lot of political nightmares arrive last week, ones that I wont repeat (for fear of sounding partisan). I am NOT partisan. I hate stupid, no matter who is doing it. And I hate being treated like I am stupid, which is what occurred when it was announced that somehow the only thing the IRS has lost is Lois Lerner’s emails.

Today

Everything is political for a while. Another government created crisis (directly or indirectly) has us focusing on the complications in Iraq. We will most likely start air raids in Iraq. I mean we almost have to, right? When they didn’t want our planes shooting the country up we DID. Now Iraq is asking for us to send in planes and shoot them up. How can we resist?

So we will have a slight down open on cautiousness. The longer nothing is mentioned about Iraq the higher we will glide. The more it becomes a focus for the markets the more we will slide in caution. Simple math. 

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

HPQ.

I wanted tog et long on Friday when the stock was up 0.80. It closed up 1.77, so I didn’t do well but was distracted. Keep an eye out for an update here. 

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

Too True To Be Funny

Got to hand it to our leader(s). They know who to release in order to keep the military employed. Al-Baghdadi was in one of the US detention centers, but released. He now is in charge of the group running a frat party in Iraq.

New Rule: When the US water-boards and tortures someone, never release them. For some reason American hospitality gives these guys a grudge.

Attorney Stuff

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