Prepared by the good people at Random Walk, LLC. (and Scott)
CYBER MONDAY COUNTDOWN CLOCK
Some VERY cool surprises coming in a couple of weeks.
Great Morning !
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
Yet another day of BOREDOM for the overall market, but some large movement in individual names. BABA did over $9 billion in sales in a 24 hour period yesterday, but the stock was down 4.61 nonetheless. I guess the market was expecting the stock to do more yesterday than all of AAPL’s sales in a year. TSLA was up 9.15. AMZN was up 6.90. And crude was down again with the dollar up big ā AGAIN.
TODAY
We have the first economic numbers of the week, though they are weak ones. Yet any numbers may be enough to get this market moving a little. Keep in mind that this dull market at all time highs is not new. The chart below shows a recent history of times when the markets would run to new highs and sit for an extended period of time ā then fall. Yet most of the run up over the last couple years we would run up and sit, only to run higher again a few months later.
Today?
Going off the recent graphs and what has been happening a sane person would say we are bouncing off a ceiling and can’t go higher, thus we are going to have to fall ā just like at the end of July and September. I actually look at things a little different.
I look at money as competitive and it has to go somewhere. This is not 1930 where people use mattress to save money. Taking money out of the bank in cash is a nightmare and makes you a quasi-crook suspect of drug sales or other illegal activity. You certainly open yourself up to IRS scrutiny. And beyond that people want some kind of return. We are a greedy people. So where are you going to put it?
Foreign Currency?
The US dollar is on fire, and this would be a loss.
Commodities?
Oil, Gold, Silver, etc. are all falling and scaring people from wanting to catch a falling knife.
Bonds?
With rates at 2.36% for a 10 year bond, and having been below 2% not more than a month ago, putting money into fixed income assets is a recipe for small loss.
Overseas markets
There may be opportunity here. European markets have not done as well as the US. Their currency is down considerably over the last couple of months, which means an investor can get a double profit if currencies bounce (against the US dollar). BUT people are not going to be ballsy (though I might do one in POT). Most investors don’t come up with a new idea until the media gives it to them.
So I am going to break from the obvious trend and say the next move will be up.
Contact the office at 1- 855 ā RWT ā 0008 for more details.
POT CLASS TONIGHT
Also ā A total position sheet is coming out to you as well.
Too True To Be Funny
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Attorney Stuff
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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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