Tuesday April 1, 2014
Happy Day!
The Year of Selling Premium Has Started in POT
I am keeping track of Combo Spreads and Premium Sales
for future material references.
Maui people…remember that AK owes me $1,000 if I can’t show that the Combo Spread made more money than a collar during the same time.
It ends in a grand finale with back-tests in Italy in September.
0 (zero) Seat for Italy left.
If you want to be on the waiting list, please contact the office. First on the waiting list is almost guaranteed. Second becomes more difficult to predict. But the 1st on the list can get his plane tickets now in confidence (or we will refund the plane ticket).
This market can NOT go up forever without a downturn.
Three weeks away – half full.
Preparing for the next correction crash
[/ezcol_1third]The Dow was up 134.60 at 16,457.66
We are now 131 points from a new all-time high.
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AAPL closed down 0.12 at 536.74
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The VIX closed down 0.53 at 13.88
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[/ezcol_1third] Down 0.27 at 109.10
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GLD Closed down 0.95 at 123.61
SLV Closed down 0.02 at 19.04
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Tesla was down 3.92 at 208.45
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Closed up 1.09 at 23.99
POT people, remember that we are still long 20 cts of the April 22 calls.
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Yesterday
The Dow opened up 100, and climbed up 150 points total. We had a subsequent sell off, as usual, but bounced back to close near the highs as I spoke about yesterday. I was actually expecting to close at new inter-day highs, so I was off a little. I will plead no contest to being wrong.
Yellen spoke and did all but sign her name on a promissory note saying she will not allow this market to decline.
Today
I have NO idea. I suspect that the markets will do not much today. The numbers are not that big, and the bigger numbers are Wed and Thursday. From a quantum physics point of view it will take big numbers in the past (not uncertainty ahead) to propel this market to new Dow highs. We are $11 SPX points away from a new all-time high and 131 from a Dow.
The hidden problem lurking – North Korea and Ukraine.
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.
We are still naked long the RSX calls and then got long more (QQQ) today. Every 100 points to the old all-time highs I am getting longer. Hedges are in place, and more will be added near 16,500.
Contact 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
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