Tuesday
Nov 17, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Yesterday
Strange day. Peculiar, actually. We did not have the typical brief sell-off associated with terrorist attacks, perhaps because people have caught on that the attacks really don’t mean much to the markets (and always bounce back).
Or maybe the market wanted to sell off, but oil bounced too hard to ignore. Since we have become oil traders, and held hostage to the manipulation of oil pricing, the bounce from $40.06 to $41.74 could not be ignored.
Whatever the causes the Dow bounce back what it had lost on Friday. The Eminis/SPX actually gained from Friday’s low. Friday the SPX had sold off about $23 points and today it was up over $30.
Of course the Euro lost ground to the USD since it one can anticipate a large drop in European tourism so long as the well meaning simpletons take in only male refugees between the ages of 16 and 30 from Syria.
A contributing factor was the market had been down 9 of the last 10 days, and probably oversold. It really is stupid taking the Dow down 1,000 points because oil is declining. Anything the oil sector loses is made up for in consumer spending and the automotive sector. Car sales are on fine, and some of this can be attributed to people saving thousands of dollars a year on gas at $2 p/g.
TODAY
If oil holds up we should continue to climb. Hell, what do I know at this point? Nothing is making sense anymore. What I am thinking is that as long as oil doesn’t look like it is going into the abyss:
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Most Novembers are positive and at this point we are down 2% for the month of November.
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We already had a 900 point sell -off, though we got back ¼ of that yesterday.
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There is no good news in retail. Macy’s has been devastated, almost with WalMart, Norstrom, and JC Penny. These stocks had bad earnings, but fear of a bad shopping season took the stocks down more than they should have fallen.
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Every year people worry about Christmas sales (Donald Trump said we can say Christmas again, instead of Holiday). Every year somehow sales are better than the year before. Once these numbers come out on the 27, 28, etc. there will be a relief rally in those names.
So we got longer in POT yesterday. We bought hedges, and then bought call spreads all the way up. We also bought a risk reversal on Friday that is now higher. We are pretty damn long.
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.
Updates coming right at the open – and shortly before.
POT is held each Wednesday night at 7:00pm eastern.
Too True To Be Funny
Have you ever seen a group of people more of an inspiration for a bullet to the head than these?
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.
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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.
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