admin@RandomWalkTrading.com
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Thursday February 13, 2014
Yellen’s Testimony before the Senate has been pushed back to Friday because of the Polar Vortex, a couple inches of snow, and temperatures a tad cooler than normal. If the Senate can’t go to work, should the rest of the country shut down too? Topic of discussion.
POT PEOPLE
POT people! A really good session last night.
People seem to really enjoy the new format – the response has been huge.
A separate update is coming with the updates
and the two new trades discussed will be out shortly after the open.
Sorry Rocco – Doom and Gloom Next Week. 
The Dow closed down 30.83 at 15,963.94
The Dow vacillated up and down on the day to close down mildly and break a 4 day winning streak.
AAPL closed down $0.04 at $535.92
The VIX closed down 0.21 at 14.30
Closed down for the 5th straight day, this time it was down 0.55 at 105.92
GLD = up 0.07 at 124.43
SLV = down 0.02 at 19.43
TSLA closed down 1.30 at 195.32
Yesterday
The markets were dead without any fresh news and Yellen not having her second day of testimony.
Today
Day 2 of Yellen speaking is rescheduled for Friday, but we have retail sales and initial claims that will create lift or drag for this market until Yellen speaks tomorrow.
INITIAL CLAIMS
Good news comes about in the initial claims and we will blast through 16,000. Bad news….well that is sort of expected. There is a lot of chatter of about Obamacare losses and people losing unemployment, so despite the downward trend in unemployment people are not expecting 5% tomorrow.
RETAIL SALES
Another number that there is not a lot of high expectations for. The evil-incarnate Polar Vortex apparently has a mission to ruin American. A lot of companies that are reporting bad earnings are blaming it on the Polar Vortex. If retail sales are weak they will likely chalk some of it off to the Polar Vortex again, which should have a muted effect on any selling.
Great session last night. Apparently people like the new format as I received a lot
of praise. I have no right to take that praise, though. It was all your suggestions that were finally implemented now that Maui ’14 is over.
New POT people. Keep in mind that new people are always lost for a while. You are coming to a movie that has been going on for a while, so it will take a few days to catch up to the plot and characters.
Remember that next week 20th and 21st will be the POT session during trading hours. From Noon to 1:30 Eastern POT will be held instead of the 19th to watch real-time scalping and legging into synthetic call and put positions.
Too True To Be Funny
(Never a joke, but always funny)
____ ____ ____
Here is a guy that never met a constitution he didn’t want to rip apart.
Executive order for minimum wage?
Attorney Stuff
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