Monday
July 6, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Today is Expiration
Markets Closed Tomorrow
Reminder: Markets are closed Friday in observance of Independence Day.
Great Morning!
Closing Prices From Yesterday
Random Walk would like to wish everyone a very healthy, happy, reflective and relaxing 4th of July weekend.
Confused? Don’t know if you are protected in a crash?
Call the office for assistance!
Today’s Number(s)
Yesterday and Today
Over The Weekend
While Americans were celebrating independence day it was almost foreshadowing that Greece was too – independence from the euro, that is. Yesterday (Sunday) Greek President Tsipras, fearing for his job, urged people to vote “NO” to the referendum. He promised the people of Greece that “within 24 hours of a NO vote he would be in Belgium getting a better deal from the EU.
And as much as no one wants to see the people of Greece suffer because they were STUPID enough to listen to the propaganda of an idiot, only the most oblivious people want to see a deal done. If Tsipras does come back with a better deal as he promised it will let this master manipulator off the hook, and he could keep his job.
I believe most people want to see Tsipras out on his ass. I rank up there as well simply because of I am tire of politicians saying whatever they feel they have to say to keep their job, even if the people they serve suffer as a result.
So the referendum came out with over 60% of the people voting NO. Once again the sheep believed the lion in shepherd’s cloths.
Asian markets took the news on the chin opening down about 2%, but at 9:00pm eastern moved up a little to be down1.23%. We are waiting for the European markets to open but I am predicting that they will be down about 1.23%. Meanwhile the E-mini is down 1.23, or about 25 points. This is equivalent to 200 Dow points. So at this moment it appears the Dow will open at about 17,500.
Thursday
The markets were down 27 Dow points after opening up 120 points. Recall that Friday we were closed in observance of the 4th of July. After the open all the weak hands came out worrying about the vote on Sunday night and started to lighten their positions. It looks like this time the people in fear were actually right, at least on the open.
POT people – we are GOOD. We bought a second big hedge to the downside, so at this point we probably are happier with a move down than up.
TSLA was up 10.87 points on news that it sold almost 50% more cars than the same time last year.
TODAY
We are certainly going to open massively lower. If not I would be shocked and I would probably one to sell the open. Again, this is based on current news, but if all of a sudden Tsipras cuts a last minute “worse” deal and sells it as better, we could actually bounce.
This is a real tricky trade right now. We are Greek data dependent, and there is no indication in advance of what time news comes out – if any. I suspect that the European leaders have to be sick and tired of dealing with the child-like Tsipras, and I suspect they will squeeze the situation a little until the people of Greece suffer enough to boot him out of office.
But this is so strange that the standard 2nd and 3rd layer of the onion of thinking have not panned out so far. The 1,800 CC brained panicking people have actually done better than the smart people who historically see through the fog.
It does appear (see above) that many European leaders dislike Tsipras more than I.
The ISM numbers come out today but that will mean NOTHING.
Keep in mind this is NOT the end of the Greek BS. Today Tsipras is going to pleading for his life to cut a deal despite sounding tough for his countrymen. If he doesn’t get a deal faster than the country runs out of product for the stores, he will go down in history as the only man making a dumber bet than Seattle Seahawks coach Pete Carroll (last year Superbowl).
MARK THIS DATE; October 20th. That is the day we have a decent chance of the market crashing. It is not technical numbers or the anniversary of the crash causing it. It is something bigger. POT PEOPLE, I will talk about it Wednesday night. It is scary what might be happening in the world events that day.
OPTION TRADERS
The VIX closed at 16.79 and it is probably going to hit 20% at some point today.
POT people expect to see a premium sale.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 – RWT – 0008 for more details.
Too True To Be Funny
LOL LOL LOL
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Attorney Stuff
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