Random Walk Trading.com
Monday
January 5, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC.
Great Morning !
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
(Regurgitation sounds)
A 225+ point range occurred Friday as the market opened up 100, and then we reversed it. Then at the end of the day it reversed again to close mixed. The Dow closed up, but the last 15 minutes of trading for the indexes saw futures fall again.
This is what I have been saying for 3 weeks. No ONE can predict a January until after its first real move. At the open I felt the markets had the making for a big run higher. The E-minis were up 8, then 9, then 10. They kept going and it appeared to be real strength. Then at 9:30 central (10:30 eastern) a stupid and meaningless economic number came out and we fell to negative territory in 30 minutes.
The market still does not know where it wants to go, and will remain stupid until it figures it out.
TODAY
I have no idea about today. I do know that the markets are jittery at the start of the year. They take a lot of stock in the saying āAs January goes, so goes the yearā. Oil moves $0.20 and E-minis start to pull back. It is stupid, but it is how it is.
Oil is falling in the pre-market session that is going to put pressure on the markets today, and it is making new 3 Ā½ year lows. This may have the markets a little heavy on the open. But then again, this is getting old. Even the idiots that said low oil prices are bad are starting to change their tune.
This may be the first up day of the year. Just guessing, though. This is a strange time and I am not attempting any predictions yet.
What is going right?
The USD is strong. The bonds are strong (low rates), despite the Fed not adding more QE. I guess $4 trillion is their magic number. OIL has fallen dramatically, which the stock market doesn’t like, but other than XON and Russia (over simplification) it is great for Americans. They finally get back 1% of the money the government spent of theirs on stimulus.
CONCLUSION
18,000 was hit for the first time a couple weeks ago. IT IS NOT a magic number created by Chris Angel. It is not a ceiling simply because it is a round number, though some people treat it as such. We still have low rates. Until there is a world problem, a major geopolitical problem, or a change in interest rates, we will go higher. It is just January can be a rocky and unpredictable month. I never trust them, and neither should you. We could be 500 points higher or lower in 2 days.
A separate update is coming. Keeping with the same theme. I am going to go balls to the wall, but ONLY when amateur hour (January is over). Higher volatility is welcomed as it allows for more opportunities.
I am sticking with my plan and not doing much until the time is right. If things look bad today, I will start to leg into condors like I did back in Oct.
Contact the office at 1- 855 ā RWT ā 0008 for more details.
Attorney Stuff
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