Prepared by the good people at Random Walk, LLC. (and Scott)
Closing Prices From Yesterday
Yesterday and Today
Yesterday we saw massive exiting of NASDAQ stocks with the money going into Dow stocks. Some of the cash being sold out of NASDAQ stocks may be attributed to people wanting to liquidate to get in on the Alibaba IPO. At the end of the day one could look back on the movement of the markets and say it was a “non-event” with the Dow up 43 points and the SPX down -1.41. On the other hand there might be some seismic activity going on now that we are parked at 17,000 and the forward movement we saw in the past year stagnating.
It doesn’t matter what happens today. Tomorrow is the big day everyone is focusing on. We have a couple decent levels of importance numbers coming out before the open. Those numbers may give traders a clue as to what THEY anticipate the Fed will be doing on Wednesday, but it really doesn’t matter. Regardless of the CPI and PPI results the Fed has its mind pretty much made up before the release of these numbers. The Fed can NOT be hoping around skittish because of the results of one number, but that will not stop traders from believing they will.
So we could have a tad of a volatile open after the numbers. A mildly bad CPI and PPI number will be taken as a positive for the markets as traders will justify the Fed can not raise rates if the economy stinks. If the numbers are super good traders may think Yellen is re-writing her speech for the next day to include content about being more aggressive in raising rates, and the market will fall a fair amount. In the end, it is all garbage today. Tomorrow at 2:01pm is when the real action starts – until next month when the same stupid arguments arise.
POT Tomorrow: Given any strange activity in the markets after the Fed speaks, we are preparing to cover what you asked for – a mini-Liquid example of the different ways in which to take a profit. We started on this Wednesday at the suggestion of a student, and are following up on it as this is YOUR class.
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
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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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