1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
ISIS, EBOLA, OCTOBER FEARS, AND ELECTIONS
Great Morning
Closing Prices From Yesterday
Earnings Today
Below is a list of some of the bigger earnings announcements today
Don’t Worry – The Bull is Most Likely Just Taking a Nap.
Weeding out people before huge profits are made is what the market does best.
Today’s Number(s)
NO NUMBERS TODAY
Yesterday
A big up day on Friday after a large gap opening. What is unusual about this rally is that the media is claiming that it was because gas prices were going up and interest rates were going up. Think about that insane explanation for a minute. In reality it went up because it was over sold and we have to test 1904 in the SPX, the 200 day moving average we broke through like butter. Sometimes there are no explanations and making up one is more stupid than admitting you don’t know why.
TODAY
We are most likely going to test that 1904 number. I doubt that the markets move, and stay, above it. POT people, you will be getting an update as well that goes into my game plan at that number. But I really believe that the market has to test that number to make a determination of which way to go from here. Had we not had the bounce on Friday I would have suspected we continue to fall, but since that bounce the market is feeling for walls to move along like a blind person in a new home.
POT is held each Wednesday night at 7:00pm eastern.
Contact the office at 1- 855 – RWT – 0008 for more details.
Check Email For POT update.
Sold a little more premium. All is well. Rolling our short call spreads up assisted our deltas in getting a little longer, and now we have a very small short delta – which is perfect.
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.
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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