Random Walk Trading.com
Tuesday
December 9, 2014
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC.
Housekeeping
Some suggestions have been made to us and we implemented them. From now on all housekeeping items will be at the end of the update, right before the “WTF?” area.
Great Morning !
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
18,000 is not meant to be this week. The market fell 150 points for a while but did manage to bounce a little and close down 106 points. The RSX (Russian Sector) fell 5.44%. TSLA was down 4.18%. In addition we saw the SNSS move up about 27% to 2.97 before falling back down.
Crude
Crude was the big one today making a new low. The previous low of 63.30ish area was a great support area for most of the day until it broke through almost another $1. If Oil keeps falling today I will most likely sell premium (for POT) near the $61 area.
TODAY
I have been saying for most of the month that Decembers usually have one down period in the middle of the month, a small bounce, and then a big run in the last few days. So far things are panning out as normal. I suspect we will get some more selling on the open today, and hopefully make the bottom today. The problem with history is that it never repeats itself exactly the same. We will see how things look after the numbers today.
We rolled TSLA down, initiated a long position in the RSX at the bottom, and are about to buy back the short side of the crude oil Iron Condor. More after the open.
Contract the office at 1- 855 – RWT – 0008 for more details.
