1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Great Morning
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
More falling. As I posted in yesterday’s update, “I am confused. We could bounce, but I suspect we will test 17,000 first”. I was basing this on nothing else that we had a big IPO Friday that the media is scaring into submission. Then we ha the US military start strikes in SYRIA. And with Syria’s Assad an Putin being such good friends, the market didn’t like the uncertainty. And who can blame it.
Think about it….from Putin’s perspective he has more right to be in the Ukraine than we do of being in Syria. So it is reasonable to assume that he might have a problem with the US attacking Syria. The uncertainty is what rattles markets.
TODAY
A bounce from here is what everyone including me is expecting. Yet if we go through 17,000 with any conviction volatility should spike fast an strong to the upside. POT and ITALY people will be particularly paying attention to any updates as we have plenty of room to sell more put spreads/volatility.
The economic numbers out today are insignificant for the markets, so all movement will be base on current events on a geopolitical level, especially with elections 6 weeks away.
DOWN!!!!
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 – RWT – 0008 for more details.
The new greeks are as follows:
BUT I WANT A VOTE FROM YOU;
This is your class, so I will do what you want. Please send your vote in to admin@randomwalktrading.com with the MEMO saying “Italy Vote”. You want to see which of the following next:
1 – Continuous premium selling with more sales on top of sales, making portfolio management necessary.
2 – A new type of remedial strategy that has a negative volatility component to it?
3 – Two different strategies in two different names (to be able to track individual PNL better?
4 – YOU PICK (write in what you want).
Too True To Be Funny
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Attorney Stuff
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