Monday
May 12, 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 are signs of weakness in the markets, we are giving away our BASICS text for free for the same reason.
Read it directly in our website or download it from iTunes free.
This is equivalent to what many firms call their “intermediate” class that they charge thousands of dollars.
The Dow
The Dow closed up 32.37 at 16,583.34
Above you will see the frustrating year this market has had. Since the end of Maui ’14 the market is flat. With a mid-point of 16,300 in the Dow, we have essentially been 300 points above or below.
POT people…watch what I do (probably) tomorrow to take advantage of this phenomenon with a directional strangle.
AAPL
AAPL closed down 2.447 at 585.543
After falling from the $603 area the stock seems to have stabilized. On Friday AAPL announced it was buying BEATS for $3.2 bln. In POT we sold a risk reversal (bullish) when the stock was down $6, so I worked out great, specially because I did a different twist on things with the sale of a $5 put spread and the purchase of a $10 call spread. This is going to give me latitude to get “cute” and adjust easier should this thing run higher (as hoped).
The VIX
The VIX closed down 0.51 at 12.92
As has been the custom for the last few months, traders took out the weekend time decay on Friday, thus the VIX closed down. Don’t think this is “free money” though as they typically pop volatility on Monday and the whole process was a waste.
TLT
The TLT closed down 0.36 at 111.24
Silver and Gold
GLD = 124.10 down 0.07
SLV = 18.42, down 0.02
TSLA
Closed up 3.67 at 182.26.
Keep in mind a couple of things. This is the first successful new car company launched in 90 years. Earnings last week had the stock down $28 in two days.
RSX (Russian Index)
Down 0.20 at 23.71
Yesterday
Another day of up and down and down and up. Nothing of a day, but we are at near all time highs – STILL (yawn).
Today
Treasury budget is out at 2:00, which is a joke since we know they don’t have a budget. Other than that…..quiet and modestly higher is the Rx for today.
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.
Why doesn’t the US just buy their drones from Iran? I bet it would be a huge savings – Missile attachment slightly higher price.
That George Bush….in the last 6 years he has gone nuts with his $100 million vacations. Opps..
Old and Out of the Way
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.
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