Morning Update: February 03, 2014

Monday Feb 3, 2014

1-(855)–RWT-0008

IMPORTANT AND FREE

Mercedes GAVE AWAY their patent on airbags because

they felt something things were more important than money.

Now that there is signs of weakness in the markets, we are giving away our BASICS text for free for the same reason.

Go to our website and download it from iTunes free.

This is equivalent to what many firms call their “intermediate” class that they charge thousands of dollars.

Tell your Friends

NOTE: Maui ’14 people and POT people will receive separate updates.

The Dow closed down 149.76 at 15,698. 

AAPL closed up 0.818 at $500.60

The VIX closed up 1.12 at 18.41

MAUI and POT people…..Selling more premium today if the Vol stays here on the open 

The TLT closed up 0.72 at 108.28
There is no reason for the TLT to be higher. As a mater of fact, based on the Fed’s recent activity the TLT should be down A flight to safety is what is going on.

GLD = 120.09 up 0.32

SLV = 18.45 down .04

Closed down down 1.43 at 181.41

Yesterday

The market was down over 200 points an rallied to be down only 40 points. Then near the end of the day the market fell again to close down 149 points.

Today

I will repeat what I have been saying all month – “Who knows?” This one has me baffled and I am about to reverse and get short if we break Friday’s lows. I am optimistic about the high vol levels which under normal circumstances would indicate a bounce is due, but w saw that on Friday as well – only to see the market makers right for a change.

What is interesting is that if the market is selling off now because of the Fed policy change and new chairman, it will be the first time that the market is acting this way. Usually it is delayed for about 6 months and happens overnight and fast – like in 1987 when Greenspan took office. But just because it has not happened before doesn’t mean it can’t happen. I could one day look in the mirror and see a handsome man.

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. 

Back to the regular schedule. 

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

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

Attorney Stuff

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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.

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