Thursday
August 13, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
People in POT last night asked me to remind them of the MAUI DETAILS for Jan 20, 21, and 22.
The Hotel is Going to Be:
The Westin Maui Resort & Spa2365 Ka'anapali ParkwayLahaina, Maui, Hawaii 96761Toll-Free Reservations: 1-866-716-8112Phone: (808) 667-2525Fax: (808) 661-5764E-mail: maui.concierge@westin.com
Remember: If you were a Vegas student (in person or online) you get a $350 discount to the class.
We were offered a block rate, but when we checked the big names like Agoda or Expedia it is cheaper. Some people stay a couple hotels away that are cheaper and a 5 minute walk. You can call the office and one of the girls will help you find the list of hotels in the area within walking distance. RW is buying breakfast and lunch.
Cruise
Scott is springing for a cruise and needs to know if you will be bringing a guest.
There is a vegetarian menu, fish, prime rib or chicken. Also there is a kids menu for Scott. This is NOT a little row boat, so don’t worry about motion sickness. The waves are small, the liquor flows, and we will have Dramamine for those wanting it.
Call the office for assistance!
Today’s Number(s)
Yesterday and Today
Yesterday
CHINA ATTACKS U.S. (and Europe)
TWO DAYS IN A ROW
As you can tell by looking at the closing numbers (above) that the day was dull and boring with the Dow closing down 0.33 and the SPX closing up $1.98. Plus crude inventories came out today and futures closed up $0.02 there. It was a nothing day, right?
WRONG ! !
For the second day in a row China devalued their currency and sent U.S. And European markets into the toilet. Most European countries closed down about 2.6% with France being down 3.6% (because the French are always in the rear). U.S. Markets opened down and kept falling for the first hour until the SPX was down 32, the Dow was down almost 300 and every bid got sold as fast as it was posted.
Then something strange occurred after Europe closed (11:30am eastern). AAPL started to climb out of its hold of sub-$110 and worked its way back into positive territory. Bonds, which were up for a while, started to slide off, and the broad market indexes were pulled up with AAPL.
Above you can see how AAPL (bar lines) and the SPX (shaded area chart) moved with each other. When AAPL closed near its highs of +$1.75 the Dow was actually up about 20 points before drifting back to unchanged.
This was one of 7 times the Dow was down 300 points and closed up on the day.
TODAY
Anyone have a quarter? I have no idea. We are held hostage by China and people’s irrational fears about them. We are not getting any help from Washington that usually has something to say in these matters to let China know ādon’t push your luckā.
And how many more of these disasters can the market shake off? A few more if the Dow is going to 20,000 by the year end like one famous fund manager/analyst is predicting. It can’t take much if another fund manager is right in that we have gone through the ādeath crossā a head-and-shoulders pattern, and Venus is in retro grade to Uranus. Both people are highly respected with good track records, but vastly differing opinions.
I suspect the 20,000 guy is closer to the truth than the other, but doubt we will make it to 19,200 by year end.
As for China…..it is 9:40 pm at the time of this writing and all is quiet with the E-minis up 1. That is a little comforting because by this time of night on Monday and Tuesday we were heading down fast on China news.
OPTION TRADERS
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a 300 point range in the market today and the VIX closed down 0.10 at 13.61. This is NOT normal, healthy or instilling a lot of confidence. If the VIX were on a 16 or 18 I would be very confident of a move higher, but when this low with these kind of moves there is usually a down move coming again. Can the traders actually be right for a change?
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
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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 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.
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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.
