Friday
Nov 16, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Yesterday and Today
Yesterday
Friday saw a 202 point drop. Why did we fall?
The media is saying that it was bad retail sales numbers. We all know Macy’s fell 13% on Thursday after their earnings. Right on the open Friday we saw Nordstrom down 17% Kohl’s down 6% and J.C. Penny down 17%.
That was NOT it (for the most part).
We see this every year, and we forget about it by the following November. Then somehow we hear after Thanksgiving weekend how sales beat last year by 1-3%. I think traders who do this for a living are accustomed to this, and the markets were not down because of retail sales.
REAL REASON?
Oil is the real reason. You may ask for proof? OK.
When oil was approaching $40.20 a share, within striking distance of the feared $40 level, the S&P futures got back to almost unchanged. As oil fell, so did the futures. After the futures closed the market stabilized and began to climb UNTIL it was shown that oil was weaker in the after-markets.
Track oil to the E-mini, not retail stocks, and it is almost a perfect overlap.
TODAY
I am watching overseas markets at 11:00pm eastern and see that Japan and China are down about 1% at midday. I also see the Euro is lower by ½ cent to the USD. Most of this may be in anticipation of European and US stock falling in sympathy for the horrible terrorist attacks in Paris on Friday.
Traders are going to be concerned about how little real concern our “leaders” take the Jayvee team known as ISIS. The markets will perhaps feel the same way. It is a valid concern that will loom over the markets. I will explain.
MARKETS
Typically I would say we are going to have a 100-200 point sell off on the open and bounce hard. No bounce with this one is likely. Why? Wrong people in DC.
The current President and his sycophants seem to not understand that ISIS is real, big, smuggling their people into every major country, and are serious problem. ISIS wants to wage religious crusades not unlike those seen in the 17th century. ISIS goal (for those who keep wondering what ISIS wants) is a global apocalypse.
Latest Headlines.
Hillary would be telling the French government – “blame it on a video”. President Obama is doing the bear minimum promising yesterday to “step up flights”. Really? We have known for a year where the training camps and ISIS headquarters are, and have done nothing until the French (of all people) took them out yesterday. Our president can’t even say the phrase “Islamic extremists”. Sadly our president has only taken out a couple big names, probably for press clippings. This is not good for the markets after events like Friday.
So today is a tough call. We will open lower. I doubt that we get the big bounce we normally get. If we do get a bounce it is probably a selling opportunity until we get to 17,000, or a get a politician with brains, balls and an ability to look at reality.
Markets fear uncertainty and we have that with this president. He is saying tough words, but on Sunday Obama’s WH National Security Adviser (Ben Rhodes) stated they are still planning on taking in Syrian Refuges – like the refugees in Paris. That itself is fear for the markets. In addition, European tourism is going to take a big hit. Oil should bounce hard, but if it doesn’t it means it will go down.
LASTLY – Japan is now officially back in a recession.
SEMINAR
January 20, 21, 22
Free Dinner Cruise Thursday January 21
If interested call the office to at least reserve your spot as we are almost filled up.
CYBER MONDAY
Many reading this know that every Cyber Monday Random Walk Trading has its ONLY sale ever. Details coming out, but if you are thinking about investing in trading materials please call the office so that you do not feel regret by not having to wait until Monday. The office will be able to assist you with this.
Updates coming right at the open – and shortly before.
POT is held each Wednesday night at 7:00pm eastern.
PRESS CLIPPINGS ABOUT PARIS THIS WEEKEND.
Too True To Be Funny
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.
Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time. We will sell products, but advise against buying them. We Do Not Give Advice.
When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.
All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.
Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.
Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).
Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.
Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.
Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.
