Thursday
June 11, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Great Morning!
Closing Prices From Yesterday
Confused? Don’t know if you are protected in a crash?
Call the office for assistance!
Today’s Number(s)
Yesterday and Today
Yesterday
It was a BIG day for the markets yesterday with the Dow closing up 236 points at 18,000 even. The SPX closed at 2,105 ā a little above its magical 2100 number. Bonds continued their fall with the TLT closing down 1.02 at 115.52. This interest rate level is right above support level, which if broken can see another $4 drop in the TLT.
The market was up for a few reasons:
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It had been down 4 days in a row already. A bounce was overdue.
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News came out (unsubstantiated) that German was going to extend Greece more room in their budget.
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Bearish sentiment was a little too high. Since no real hard selling came from it shorts had to cover after seeing the E-minis set to open $6 -$8 higher.
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European markets bounced after being down 6 of the last nine days.
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No one declared their bid for the presidency yesterday (this one was just humor).
TODAY
Though one could argue that yesterday was a little overdone with the largest gain in the markets in many months, that thinking would have one believe a small pullback and consolidation will occur.
On the other hand last month’s RETAIL SALES numbers came in flat and scared the markets. People actually started to talk about recession again, and Janet Yellen came out at about the same time talking about high valuation prices. A good number without too much sales would propel us up nicely, setting up for a run towards the 52 week highs.
I am not one who would ever claim to be the best at anything like technical analysis or market timing. Yet, what I have learned since the mid-1980s is that huge bull markets don’t end in a whimper or when the media is asking 10 times a day āwhen is the correction coming?ā Yes, it has been about 1,100 days since an āofficial correctionā of a >10% drop. Yes we are in the tightest range the markets have ever been in during the last 20 years. Yes, interest rates are rising whether the Fed is orchestrating it or not. But I have NOT seen any frenzy buying like the end of most bubbles. Until that happens, or until the Fed raises rates with extreme conviction, I have to remain bullish.
Ā
Great Class last night. We discussed continually selling and rolling short condors, and their hedging. We also discussed the difference between ānormalizedā and non-normalized greeks.
Lastly ā the BIG NEWS.
Starting as early as next week.
Participant in the POT class will be receiving text messages when a trade update has been sent. This is solely based on people asking for some kind of service to notify them when an email from us has gone out. This way they don’t have to wait by their computer to see when updates have been sent.
We will NOT automatically include you on the list as we do not want to disturb you during the day if this would be an inconvenience. Students are asked to send an email to POT@RandomWalkTrading.com and let us know if they want to be on the list, and include the number you want the text sent to. You also need to send us the name of the country you are in.
How cool is that!
Contract the office at 1- 855 ā RWT ā 0008 for more details.
Too True To Be Funny
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Attorney Stuff
DISCLAIMER (Seriously!) All data above is provided for informational purposes only. Random Walk makes no guarantee as to the accuracy of the data.
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 Daily Planet newspaper.
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 doesnāt mean a thing. The future is even scarier. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.
Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.
When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.
All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.
Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.
Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).
Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesnāt mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.
Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.
Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). āThank yousā are only handed out in countries where legal, and void where prohibited. If your country does not allow āthank yousā please refrain from accepting it. This disclaimer is copyright material and not a joke.
Pleas read http://www.optionsclearing.com/about/publications/character-risks.jsp
