Morning Update: January 24, 2014

Friday Jan 24, 2014

Last Day of Maui ’14

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.

Tell your Friends

1-(855)–RWT-0008

KABOOM? The media thinks so.

The Dow closed down 176 points at 16,197. More details in YESTERDAY PORTION

AAPL closed up 4.67 at 556.18

Carl Ichan is at it again announcing that he bought another large chun of the stock. This sent shares higher after being down on the open. 

The VIX closed up 0.93 at 13.77.

This is off the highs for the day of over 14%

The TLT was down but gained ground throughout the day and closed at 106.79

GLD = 121.79 up 2.60

SLV = 19.26 up 0.23

Closed up 2.94 at 181.50

Yesterday

The markets sold off on bleak economic news coming from China. In addition retailers are showing poor earnings as a result of losing business to Amazon. Combine this with bearish banter from the media and you had a very soft and controlled, yet relatively large sell-off of 1% for the third time in 3 months.

Today

I suspect that this will be the same as yesterday. We will finally get some higher volatility levels as the Dow may test 16,000. The lows for yesterday in the Dow were 16141, or about 48 points from the close. This will be the first number tested.

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

DISCLAIMER (Seriously!)

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.

We did NOT get any TARP money, so we are not aligned with any politician. We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. There is no guarantee the sun will come up tomorrow. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.

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