Prepared by the good people at Random Walk, LLC. (and Scott)
CYBER MONDAY COUNTDOWN CLOCK
Some VERY cool surprises coming in a couple of weeks.
Great Morning !
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
The second full week of boredom for the overall markets despite some more favorable and popular stocks doing some crazy wild moves. AMZN was up 3 ½% on Friday. TSLA was up almost 3%. NFLX was up almost 2%. Yet the Dow was down 18 points and the SPX was up 0.02% (or up 0.49).
People in POT are certainly aware of the individual stock’s we are mentioning as they are in the via CIS with Platinum hedges. See you update below and separately.
TODAY
We are going to likely see about 100 point drop on the open. Russia appears to be doing more mobilization into the Ukraine while Obama and Putin where at the Asian summit. He is a sneaky little one, that Putin.
Also keep an eye on crude. So far the fall from $80 to $76 has not affected the markets much, it could spark some concern WHEN the media mentions how the fall in crude may be the US pushing Russia into the corner economically. We have sanctions against Russia, froze some assets of Putin (his friends assets being held for Putin), and their largest source of income (oil and natural gas) is dwindling in price,
BIGGEST WATCH WORD
We are now in fear of that big “N” word again – nuclear. There is going to be a big sensationalism by the media to overdo Russia’s move. The media is going to start focusing on Russia moving in “nuclear ready forces” whatever that is. If you thought Ebola could shakes markets up, try nuclear fears.
TODAY
We are going to open down – period. Anyone who watched the bounce higher from SPX 1820 to 2030 in a month occur, and was then lulled into a coma by stabilization for two weeks, my come out of their hole today and see their shadow.
I suspect some profit taking right on the open. People will be getting out to be cautious. Depending on how bad the selling is on the open it might be a great buying or selling opportunity. The further we fall, the better the buying. Not enough selling and we could have a lot of people on a with itchy trigger fingers ready to sell later.
ALSO…
Keep in the back of your mind that the Ferguson police officer who shot the unarmed thug has a grand jury that is going to convene any day now. If it is decided that the officer is not going to face criminal charges the town could go nuts like the LA riots with Rodney King. That could cause a downturn in the markets for a bit.
Contract the office at 1- 855 – RWT – 0008 for more details.
POSITIONS
Last week we got into several more CIS positions which have so far worked out well.
BABA
We got into BABA on 11-6 (when stock was around 108)
AMZN
We got long AMZN on 11-13 when the stock was at 316 (closed at 327 Friday)
NFLX
We got long NFLX on 10-23 when the stock was $10 lower.
We have also been selling out of long AAPL, SPX, TSLA all the way up last week. We were long 30 call spreads in AAPL, and sold out, butterflied, or rolled most of them. TSLA we took off our long call spreads from the risk reversal and now have on a WONDERFUL trade that is (after the butterfly purchase) essentially a RANDOM WALKER SPREAD.
Our deltas are miniscule long compared to what we had on previously. And though we could use more hedges, we are hedged for a big downturn. More in your update.
Too True To Be Funny
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Attorney Stuff
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