Random Walk Trading.com
Monday
December 8, 2014
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC.
Great Morning !
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Important Reminder for POT:
The office is going back over the POT trades and updating the files, so when you go into the POT portion of our website you can click on any trade (trade #160 for example) and get the detailed history from beginning to end. How cool is that? You asked us to do this, so we are.
Yesterday
It was a quiet and strange day, yet the Dow managed to make yet another all-time closing price only 41 points from 18,000. We got within a couple of points of 18,000, but then the sellers came in. The chart below illustrates how Friday was just not the day the markets could have gone through 18,000.
TODAY
With no economic numbers out today there may not be much impetuous to move. We will likely be above 18,000 at one time before the end of the year, but that may take some see-sawing back and forth.
Remember that historically the market has one mini-sell-off in December and advances strongly from Dec 26 to the end of the year.
Our biggest accomplishment on Friday was selling the long 2075-2080 / 2090-2095 unbalanced condor out at $3. Recall that we bought it for $0.40, but had we done nothing it would have expired worth $0.37. More in your update.
Contract the office at 1- 855 – RWT – 0008 for more details.
The great great news is that while Ferguson makes the headlines (along with NY), along with immigration reform and a government shutdown looming, NO ONE in the media is mentioning how America is asleep at the switch. No one seems to care that China has gained the #1 spot in the economy by lying, stealing, polluting and hacking. Another act of sensationalism and rating-whoring is exemplified by the major news outlets. Stop giving the protesters media attention and they will go away. This country is losing its focus.
