Morning Update: December 26, 2013

Random Walk hopes everyone had a warm, fun, relaxing and safe Christmas.

Greenspan has 3 business days left in office. 🙁

admin@RandomWalkTrading.com

1–(855)–RWT-0008

Good Morning!

Another record day for the Dow. Just a typical Christmas rally.

The Dow closed up 63 at 16,358 

AAPL closed down 2.42 at 567.67.

The VIX was down 0.56 at 12.48%

The ETF closed down 0.83 at 102.83.

Despite the belief that Yellen will follow Bernanke’s map for the Fed, there has to be concern that she will deviate and be less accommodating. I would not be surprised if the TLT fell and interest rates rose going into Yellen’s first act as Chairman. 

KABOOM

GLD = 116.10 up 0.53

SLV = 18.76 up 0.04

TSLA closed up 7.86 at 151.41

Two days previous I stated that I have turned very bullish on this name. The bullishness is based on the man running the company and not the product. Just like Steve Jobs, this guy is a very rare visionary. 

HALO

 The stock closed up 0.19 at 15.57.

 POT people…Recall that we purchased the 14-15 call spread for 0.35. On Tuesday we placed a GTC order to sell the 16-17 call spread at $0.35. 

Yesterday

A slow but up day as is almost guaranteed in the Constitution the day prior to Christmas. We did see an exception to this last year when the government Sequester was about to start and the President, Senate and Congress were telling us that the world would come to an end if a deal wasn’t reached. I suppose that a Dow gain of 29% for the year is like a Zombie Apocalypse. No teacher lay-offs, no towns unprotected by police and fire departments, and no stock market collapse occurred as the President said it would.

Other than that isolated incident, the day prior to Christmas is almost always up.

Today

Probably the same as Tuesday. Today will be the busiest day in the malls as people return their ugly ties and Chia-Pets for something they really want – CASH. It is always the right color, always fits, the only problem is that it is always too small – but people can live with that.

The rest of the week and next will start to see the media start talking about concerns about the economy, the recovery, the New Fed Chairman, etc. This will be the weight fighting against the lift of the end of the year fund buying. Many funds are under-invested for a market that was up 29% for the year. The fund managers can not appear to have too much cash on hand, so they will be doing some buying.

PLEA

Please tell someone you know that they do not have to be a victim in the government created stock market bubble. I don’t care where they learn to hedge from. Send them somewhere else if you like. Buy them our BASICS book for Christmas. Buy them someone else book But help a friend out. 

Last week’s POT session we voted on a couple of items.

POT Mini-Class

on Legging into expiration synthetics and butterflies is going to be held February 20 – 21.

POT Schedule (Next classes)

• Catastrophe Planning & When Things Go Wrong

• Legging Into Put Protection Butterflies

• Scott Lights It Up

• Advanced Currencies.

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

January Calendar

Attorney Stuff

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