Random Walk Trading.com
Friday
May 8, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC.
Closing Prices From Yesterday
COMPANY NEWS
CNBC Survey:
According to a CNBC survey,
“63% of millionaires surveyed say they’re one stock market crash or lose job away from losing their lifestyle”.
Have a great day!
Below are the major stocks reporting earnings
73% of companies have beat so far
1–855–798–0008
Legging Mini Class ONLINE.
So you are intrigued by the Legging Mini-class? You should be.
This class is being taught by Scott who explains in as much detail as possible HIS modus operandi of taking a leg. Obviously legging is more of art than science; however, this class will try to quantify and qualify the process as much as can be done.
Some items being discussed are:
- Initiation points of entering and exiting a leg
- What to do when a leg goes wrong
- Taking a naked option and spreading it into a vertical
- Choosing when to go with and when to fight the trend.
- Best times of day to leg
- Blending the leg into an existing portfolio, etc.
You will receive: Participation in the online class, a recording of the event for 6-months to review, all slides, etc
Enroll fast as this will be sold out.
1-855-RWT-0008
Today’s Number(s)
Yesterday and Today
Yesterday
It was one of the first days in weeks where I felt I was catching on to this game. The market opened relatively unchanged, then the E-minis fell about $4.50. After that they worked their way back to a +$2 on the day where they sat for a while before taking off to the upside.
Of Particular Interest:
BONDS/TLT
The TLT opened slightly higher, but kept climbing all day on what indicative of short covering.
TSLA
Tesla came out with earnings after the close on Wednesday. When earnings were reported the stock was up $6.50 in after hours markets. When I woke I noticed TSLA was down -$10 after Morgan Stanky came out with an announcement about how fast they were burning through cash.
Morgan Stanky must have looked in their accounts and realized the firm was short large amounts of stock and decided to verbally abuse the stock. It worked until people realized that this is not a regular company churning out regular crap products. Who really cares if TSLA is loosing $400 million every quarter – start ups do that. By the end of the day the stock was up $6.
BABA
This is one earning that was an easy call. The stock was so hated for so long that even if they missed they probably would have been unchanged.
At the end of the day everything backed off their highs in a cautionary move preceding tomorrow’s long awaited unemployment numbers.
TODAY
We are 76 points from Dow 18,000 – again. We are 12 points from SPX 2,100 – again. We are $55 points from Nasdaq 5,000 – again. We are going through those numbers – again.
We have vacillated around these numbers o many time that people are getting complacent. Add to this the VIX is at elevated levels for current ranges. Then add to this the Fed counter-move and all the ingredients are in place for a HUGE relief rally – new highs, and a big run higher over the next couple weeks. The markets are about unchanged for the year, so the run higher will convince people the bull market is still alive. That will be a ripe environment for a surprise to the downside in June.
POT is held each Wednesday night at 7:00pm eastern.
We got into a great short-term leg yesterday with the purchase of a 1 day call spread. After the futures went from down -4 to up -6 we sold out a further OTM call spread to get into a wonderful condor for $0.30. This has us doing great into today provided we do not get more than +/-150 point move. The position is as follows:
Too True To Be Funny
Attorney Stuff
DISCLAIMER (Seriously!) All data above is provided for informational purposes only. Random Walk makes no guarantee as to the accuracy of the data.
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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