RandomWalkTrading.com
1–(855)–RWT-0008
Friday February 21, 2014
Yesterday and Today – Only $99
Two days, 20 Pages, Many examples, And a Recording.
POT Reminder
Today is Legging into Synthetics Part II
Noon Eastern
Note: If you are NOT part of POT and want to participate please contact
the office. The office is open until midnight eastern and again at 6:30am.
If you missed day one, do not fret. It was recorded and the introduction.
Today is the meat and potatoes.
POT people get it free.
The Dow closed up 92.67 at 16,133.23
AAPL closed down 6.22 at 531.15
The VIX closed down 0.70 at 14.80.
The TLT closed down 0.26 at 106.11
GLD = closed up 1.33 at 127.60
SLV = closed up 0.37 at 21
Spot gold closed up again, this time at 1,323.30 up 12.40.
Spot silver closed up 0.30 at 21.84
Tesla closed up 16.33 at 209.97 after earnings.
Yesterday
One of the weirder days of the year. The Dow and stocks were all over the board backing into the highs from previous days. The image below describes my confusion.
The chart on the left shows what could be a classic head-and-shoulders scenario. On the right you see a 4 day chart of the Dow getting up to a certain level and collapsing. What does this mean? Some would say it is a bearish scenario, and I would agree IF we were not in the end of the biggest bull market of my lifetime. This could be Gettysburg. Yet, if we break through this area, it is off to the races on the upside, and the final push I think comes before the end of the markets. For the broader market, the SPX keeps getting within 10 points of the all time highs, but can’t seem to test it.
Today
Our only economic numbers out today come at 10am, so we will not have the benefit of having the news digested an hour before the actual open as is customary. The markets have been choppy. This seems like a very mature market running out of steam, but I still don’t see the euphoria that typically comes near the end of a bull market. I also don’t see a low VIX as the VIX has been saying strong even in a bullish move. This also says (to me) that there is still a little too much fear to fall hard.
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.
POT people. TSLA worked out nicely. We have 1 week left and the stock is only $5 away from our long spread. I will clean this up tomorrow.
Maui People.…..Cleaning up items today. We have the SHORT TLT risk reversal that caused a lot of stress, but seems like it is dead now.
Too True To Be Funny
(Never a joke, but always funny)
____ ____ ____ 
Attorney Stuff
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