Prepared by the good people at Random Walk, LLC. (and Scott)
Wednesday 2:00 rate decision and end of QE 3,000 announcement.
Great Morning
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
All that mattered was the Fed. The market opened higher in a continuation of buying from the day before, but quickly ran out of steam. Eventually the markets sold off a little in cautious anticipation of the Fed announcement. The TLT slowly sank all day leading up to the numbers, eventually being down more than $0.70.
Once the Fed announced the markets sold off. Apparently there were people expecting QE4, 5 and 6 just because the Dow fell 9% last month and bounced back all the way. The Fed said and did exactly what it said it was going to do, and the markets were still a little surprised.
We then bounced all the way back to almost unchanged, and fell again. On the close we cam back all the way to almost unchanged AGAIN. Then after cash closed futures sold off about 6 points more
So when you see the markets tomorrow keep in mind that the SPX will be a little out of line with the Dow.
TODAY
I expect the markets to shake off the Fed ending QE without so much as a āgoing away paradeā. Once that happens we will start to focus on next week’s elections. The market will likely climb in a cautious manner until AFTER the elections and then run like the wind higher.
Of course all of this is contingent on there not being an unforeseeable event like 20 Ebola patients, ISIS having a minor victory, etc.
Keep in mind we are getting isolated IDIOTS killing cops with hatchets and beheading people. Another woman was beheaded in NY last night. Of course SOMEONE (any guesses who?) is putting pressure on the media to NOT mention that all these lunatics are ISIS (single) cells in the US, or wannabe sympathizers.
KEEP IN MIND that bad numbers will now be bad numbers. In the past bad numbers were good because people held up hope that the bad numbers would bring more money from helicopters. Now that QE is done, they don’t have that hope to hold on to.
So something stupid can come out of nowhere to interrupt this zombie bull. It may get hit and fall down, but it keeps getting right back up.
CONTEST
Student sending the office with the best Halloween costume gets a bunch of FREE Random Walk items. I don’t know if it is shits, calculators, pens, hats, whatever. If you have Random Walk written on your or holding a sign, we double the pirates booty. The girls in the office will pick the winner, and I will keep you informed as to who won. If you want the photo confidential, let us know so I don’t accidentally make fun of you publican.
I apologize for the computer mishap last night.
I recorded the session an it is ready to view.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 ā RWT ā 0008 for more details.
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 doesnāt 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 doesnāt 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). āThank yousā are only handed out in countries where legal and void where prohibited. If your country does not allow āthank yousā please refrain from accepting it. This disclaimer is copyright material and not a joke.
