Tuesday
August 4, 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
The day started like every other day – a non-event. The previous night Greece reopened its markets and fell over 20%, and China was down 2% (again). This would normally be enough to scare our markets down, but Germany and most of Europe was up nonetheless. So our markets fought and fought to go positive on the day, but they seemed to find a home with the E-minis/SPX down -$6 points. It didn’t help that Puerto Rico missed its bond payments and went into default.
After Europe closed AAPL started to fall and the markets fell with it until the Dow was down below 17,500, or -193 points on the day. When things started to look scary the market took a bounce of 100 points to close down only 91.
TODAY
It is hard to think we will keep falling with all the negativity around the world and our markets holding up decently. Sometimes, though, the strength and resiliency occurs for so long that the rubber band loses its elasticity and capitulation takes the market with it. This certainly looks like it happened in AAPL today, and this is a great concern given how many times AAPL has bailed out the entire market. It is the biggest stock there is, it has led the NASDAQ and Dow higher, and now it looks broken.
We also have to keep in mind that August and September statistically are very challenging (a euphemism) for the markets. Yet, until rates move higher one has to assume the bull market is still in progress – albeit hibernating occasionally. So I am hard pressed to make a guess about today given that most days are suspect and held hostage to overseas markets (instead of our own fundamentals).
OPTION TRADERS
SPECIAL SESSION DURING TRADING HOURS TODAY
We have a special POT bonus session during trading hours today to initiate a PCLN CONVOLUTED SPREAD> People will be able to log in at 2 for a 2:30-3:30pm session (eastern time).
You will receive a link and further details.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 – RWT – 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.
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 doesn’t 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.
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