Thursday
Aug 20, 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!
NOTE: Everyone was emailed a video of more information on the Maui seminar. If you didn’t receive it please contact the office. Aloha
Today’s Number(s)
Yesterday and Today
Yesterday
Insanity. The markets opened down about 100 points after China had a turbulent market. China was down 4-6% before bouncing and closing up 1%. This was enough to concern the US markets, especially after fears of China lowering interest rates.
About 10:30 oil inventories came in larger than expected and oil fell $2. Yea for drivers, and bad for investors. This caused the Dow to drop another 100 points, for a total of -220 points at the lows.
Before 2pm eastern, the scheduled time for the Fed to release its minutes, the Fed announcement was released. From here the market bounced to where the Dow was UP n the day and e-minis went from down -24 to down -1.
Then after people read the Fed announcement they got scared. Fear came not from what was said but the manner in which it was said. It was a study in psychosis. The Fed said that the majority of requirements for a rate hike were not met, but then it went on to say that until China fears surfaced they were going to raise rates. Let that sink it for a minute.
By the time it took people to read the Fed minutes people realized that they were NUT for getting long, and the selling started again. E-minis sold off and closed down -22 and the Dow down -162.
By the end of the day rumors of Canada being in the batter box for a bad economy surfaced. Would it not be easier to make a list of economies doing well? Germany is all I can think of.
TODAY
LOL….you kidding? We were down 220 points and slightly through the 200 day moving average (in the SPX) and then we were up on the day. Then we were down 170 points minutes later. This thing is going to move as the SPX is stuck at 2100, but I have no idea which way. I need on good day in either direction to know what the market decides.
Last night we entered an order to clean up the last of TSLA before I enter a new order the position (if filled) will result in a position that looks as follows:
See your update for a complete explanation.
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
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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 Daily Planet newspaper.
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