Wednesday
April 9, 2014
Random Walk’s Mission:
To help 1% of the population learn that they do NOT have to be wiped out in an economic catastrophe and/or market crash, and make it as easy as possible.
Happy Day!
I have changed the format a little to make the redundant material at the end of the update.
So make sure you read the whole thing the first time to get use to the new format.
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 up 10.27 at 16,256.14
But don’t scoff at it as this was a lot more of a run higher than the Dow net change will hint at. The SPX, for example, was up $6.92 to close above a keep number of 1,850.
AAPL
AAPL closed down 0.03 at 523.44
The VIX
The VIX closed down 0.68
TLT
Up 0.26 at 109.37
Silver and Gold
GLD Closed down 0.66 at 124.91
SLV Closed down 0.03 at 19.13
TSLA
Tesla was up 7.94 at 215.46
RSX (Russian Index)
Closed up 0.23 at 23.44
Yesterday
A quiet day in the markets, but it did break the 3 day sell off string. The Dow was up and down on the day but closed up. Things were mostly on hold until today when the FOMC announces at 2:00pm. This is an important one.
Today
I really feel that this could be one of the most important days for the markets this year. Why?
Bearish Argument
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The Dow made many attempts to break a new high, but kept falling (never closing above 16,588).
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We are only 300+ points away from the all time highs, which leaves plenty of room to fall.
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Another day of tapering $10 billion is almost a certainty.
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People have been conditioned that the most this market can sell off is 500 points before it bounces (again).
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The new Fed Chairperson is in her job for 4 ½ months, and 6 is the average before a market collapse after a new chairman.
Bullish Argument
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We are only 300+ points from all time-highs, but the NASDAQ still has a way to go. Crashes usually come as all indexes our spinning out of control.
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People are still worried about the downside, which is bullish (typically).
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Long running bull markets typically don’t just fizzle out.
So I really think that even if nothing happens in the market today at 2:01pm, it will pave the road for the rest of the month.
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.
I took the time while TOS was having “sporadic issues” (that were constant – not sporadic) to rearrange the morning update in order of important.
Let’s hope that TOS is working today.
Contract the office at 1- 855 – RWT – 0008 for more details.
It ends in a grand finale with back-tests in Italy in 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.
Too True To Be Funny
(Never a joke, but always funny)
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Attorney Stuff
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