Monday April 7, 2014
Happy Day!
The Year of Selling Premium Has Started in POT
Ends in Italy
It ends in a grand finale with back-tests in Italy in September.
We were forced into a larger room, so we can take 4 more people.
I am not sure we even want four more people. If interested call the office and tell them before it is closed by decision.
This market can NOT go up forever without a downturn.
Three weeks away – 4/5 full.
[/ezcol_1third]The Dow was down 159.84 to close at 16,412.71
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AAPL closed down 6.97 at 531.82
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The VIX closed up 0.59 at 13.96
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[/ezcol_1third] Up 0.72 at 108.46
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GLD Closed down 0.40 at 123.92
SLV Closed down 0.128
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Tesla was down 4.89 at 225.40
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Closed down 0.37 at 23.64.
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Yesterday
The Dow broke through to new record high levels, and did what it does…………sold off. Instead of stopping and/or bouncing it continued to fall. The second time breaking through a Dow all-time record without follow through, the weak economic numbers on Friday, and it being the weekend had the Dow actually falling.
Today
Today’s economic number is typically not significant enough to move the markets much.
Though the selling on Friday did catch me off guard, anyone knew it was coming eventually. This is NOT the “big one” that is coming. As a matter of fact, if we bounce from here we are only 170 points from the all-time closing highs. The inter-day highs are obviously higher.
Predictions: This is where any day-to-day prediction gets tricky. We are almost assuredly going to much higher levels, but I am not comfortable stating, “We will be up on Thursday” or We will be down on Wednesday” at this time.
POT is held each Wednesday night at 7:00pm eastern.
POT people….
Don’t forget that all the positions for POT are in OA, and you can get hold of them (if in POT) at anytime of day or night.
Contract the office at 1- 855 – RWT – 0008 for more details.
Too True To Be Funny
(Never a joke, but always funny)
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Attorney Stuff
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