Random Walk Trading.com
Thursday
January 29, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC.
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Closing Prices From Yesterday
Company News
Two seats left of Vegas session – Feb 19-21
The year-end book for “POT – A Year in Review” went to the printers today
EARNINGS
POT Class Tonight and Fed Rate Decision at 2:00pm eastern
Yesterday and Today
Yesterday
It was a non-event the whole day until the Fed released its minutes. People may argue what the cause of the late sell off was, but some are attributing the word “patience” or “solid” as the culprit. The Fed appeared upbeat on the economy stating the strong gains in jobs.
It was one giant contradiction. They cited an increase in jobs, but a decline in certain inflation measures. I guess those jobs must be BS jobs that don’t pay much, which is why there is not inflation. You know, what I have been yelling about for 2 – 3 years now. Now a few more months from now and the Fed will catch on
Yet the Fed said they can afford to be patient when raising rates. This send the bonds flying higher along with the TLT. The 10 year treasury fell from 1.8% to 1.712%.
The higher bonds went the lower oil went, and then the lower the Dow.
TODAY
The last I saw…it is still January. WHO KNOWS? We do have some big names reporting today, and QCOM along with FB disappointed after the close yesterday. It all depends on oil and earnings.
So far I have not seen much happiness in earnings with the exception of AAPL. Last year was the polar vortex blame and this year is the the rising dollar. Next year will be “the dog ate my profits”. MSFT if off 13% from last week.
If the economy is doing so great…
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Why is there no inflation?
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Why are housing prices not going up significantly?
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Why are the countries around the world struggling to stay out of a recession?
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Why is China having just made the ranking of No#1 economy in the world sliding?
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Why are countries exiting or thinking of exiting the Euro?
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Why are corporate profits for anything but a cell phone falling?
I have been saying for years that the economy is in the crapper and that every bubble fixed by a replacement bubble eventually ends soon too. I have been bullish on the markets because there is no place else to put money (and retirement plans do offer tax advantages), but that it is all air.
Maybe we saw a little prick of the balloon yesterday? I don’t think it is anything serious, but we might get a little air come out of it before it gets patched, re-inflated and then explodes.
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More on hedging a long vertical spread (going for or against you)
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Using the E-mini options as a hedge against the SPX and/OR a portfolio of stocks to enable a trader to be able to hedge 23.5 hours a day.
-Convoluted Spread in PCLN or TSLA middle of Feb.
Contract the office at 1- 855 – RWT – 0008 for more details.
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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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