Prepared by the good people at Random Walk, LLC. (and Scott)
Click here for a sneak preview of our CYBER MONDAY HITS!
CYBER MONDAY COUNTDOWN CLOCK
Some VERY cool surprises coming in a couple of weeks.
Great Morning !
Be careful of Ferguson grand jury out anytime. Doubt it will affect the stock market much other than one quick initial reaction.
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Important Reminder for POT:
The office is going back over the POT trades and updating the files, so when you go into the POT portion of our website you can click on any trade (trade #160 for example) and get the detailed history from beginning to end. How cool is that? You asked us to do this, so we are.
Yesterday
Another quiet day but the ranges are getting slightly larger.
Big Movers:
TSLA – News that a major US automaker announced today that they are “making a Tesla for the masses” help send this stock down almost $10.
NFLX was down $18. The only reason I could find for this was that they canceled the Bill Cosby show.
The Fed announced its rate decision that really didn’t say anything, and left analysts counting how many times they said “significant” or “near”. It initially sent bonds higher (after being down), but when sifting through the words bonds went right back down. This caused the markets modest gains to turn into modest losses.
TODAY
Ferguson:
I would bet a fair amount that the grand jury is going to announce today. They most likely want the news out before the weekend when the protestors have more free time.
Obama:
President Obama is going to announce tonight that he has not interest in consulting with the Senate or Congress on immigration reform and is going to pass an executive action. This will not be likely a big event for the markets (as the people are already here), but it could have some negative impact on the markets UNTIL it is has been done. Anything for more democratic voters after this last election, huh? Lol.
Markets
Ferguson and Obama are both about to happen – not have already happened. With good news about to be announced the approach is “buy the rumor and sell the fact”. When it is bad news the reverse is true. So I suspect there will be pressure to the downside tomorrow provided the economic numbers are neutral.
But let’s face it…this is a tough call right now. It is a lot easier to predict an up market if the markets are shaking off really bad news and not going anywhere. It is easy to predict a down market is the markets are stagnant against great news. No news and no movement….that is tougher.
We did three main topics last night.
1 – Jelly Roll refresher and paper trade later today.
2 – Billy Baroo example plan going forward
3 – Synthetic long stock (LC, SP) in a new name for long stock positions – WFM
A large update is coming today covering everything discussed.
Contract the office at 1- 855 – RWT – 0008 for more details.
Too True To Be Funny
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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.
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