Happy Day!
The Year of Selling Premium Has Started in POT
Ends in Italy
I am placing in the morning updates an “in house” barometer of our “tulip index”. I forgot to realize that some people don’t know what the Tulip Crisis was. It was one of the first market bubbles (along with the South Sea bubble). All you need to know is that when a “6” is there, it means we are as nervous about over-bought situations as when the Nadaq Bubble blew up in 2000.
t ends in a grand finale with back-tests inItalyin September.
We were forced into a larger room, so we can take 4 more people.
I am not sure we even want four more people. If interested call the office and tell them before it is closed by decision.
This market can NOT go up forever without a downturn.
The Dow
The Dow was down 159.84 on Friday and 166.84 yesterday. The market settled at 16,245,87.
AAPL
AAPL closed down 8.35 at 523.47. This is $15+ fall in 2 days.
The VIX
The VIX closed up 1.61 at 15.57%
POT people….Selling premium today. Read your update.
TLT
Up 0.65 at 109.11
This index has flown higher with the selling as a flight to quality/safety.
Silver and Gold
GLD Closed down 0.66 at 124.91
SLV Closed down 0.03 at 19.13
TSLA
Tesla was down 4.705 at 207.52
RSX (Russian Index)
Closed down 0.52 at 23.21
Yesterday
The Dow broke down for the second day in a row (third down day).
Another day of people selling out their long positions. Keep in mind we had a all-time high in the Dow on Thursday and again on Friday. After the new highs on Friday sellers came in taking profits. There was more follow through on this profit taking on Friday.
It is very common for people to sell out positions at all-time highs. I don’t know if it is an ego thing where someone wants to be able to brag “I sold Dow 16,000”, and then hopes there is selling so they look smart.
Today’s selling came as no surprise, though I didn’t feel it was a forgone conclusion.
Today
Today’s economic number is typically not significant enough to move the markets much. Neither was yesterday’s. I will repeat what I said yesterday when I stated that I am not comfortable giving predictions on any given day – but we will go higher in the medium term.
Selling after a big run up and all-time highs is common. Yesterday’s selling was not expected or unexpected, but closing on the lows for the day was a tad of a surprise as it did appear like we were attempting to bounce near the middle/end of the day.
I stated that I do not know were we are going on any given day, but I suspect we will find a bottom somewhere and then make new highs again shortly.
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.
Contract 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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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 did NOT get any TARP money, so we are not aligned with any politician. 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 wont ever do anything right unless it is an accident.
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, Tarot cards, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, ex-cons, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time.
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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 floor traders, fund managers and retired floor traders. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made.
Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.
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.
