Thursday
July 2, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Today is Expiration
Markets Closed Tomorrow
Reminder: Markets are closed Friday in observance of Independence Day.
Great Morning!
Closing Prices From Yesterday
Random Walk would like to wish everyone a very healthy, happy, reflective and relaxing 4th of July weekend.
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Today’s Number(s)
Yesterday and Today
Yesterday
The Dow closed up 138 and Eminis were up 17 on a roller coaster ride in a fair range.
The market opened up about 17 on news that Germany told Tsipras they didn’t need to hear from him again, instead they will wait for the Greek people to vote on a referendum on Sunday. LOL. Too funny.
Surprisingly a politician figured out the best way to deal with this other politician is to let him squirm. On Sunday night Tsipras walked away from the bargaining table like a tough guy. Today he is squirming like a kid wanting his status back in some small clique.
The Greek people vote on Sunday for the deal the EU presented, and before the cash machines started to spit out IOU’s 57% of Greeks wanted the deal. Tsipras was playing āthe new sheriff on the blockā role and it back fired. So now that things are deteriorating in Greece people are getting scared and going to vote for the lifeline. This will get Tsipras in a position to get his resume up to date. He will be out on the street like a dog that refuses to be house trained, and I for one find it hilarious.
It is this collective realization yesterday that had the markets run higher.
But shortly after the open there were concerns that the money Puerto Rico has lined up was not going to come through. Once Puerto Rico made its interest and principle payments in full the Greek rally went back into action. The market ran right back to where it started on the day, and then it closed there.
Bonds took this as a good sing and fell 1.58 in the TLT.
Oil inventories came out and Crude fell >$2 to about $57.
TODAY
Not sure what will happen until this whole Greece thing is over with, hopefully on Monday. I am assuming that because of the Greek vote on Sunday people will be reluctant to to buy shares, opting to wait until Monday where there is more certainty in the world.
OPTION TRADERS
The VIX fell 2.14 points, or 11.74% because of the run higher. It is still too early to sell this into the ground, but Monday it will be pulverized.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 ā RWT ā 0008 for more details.
Too True To Be Funny
LOL LOL LOL
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Attorney Stuff
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