1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
Great Morning
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
The market bounce up again Friday after having the first week in a LONG time where the Dow moved at least 100 points every day. The selling that occurred was broad over the week, while the rallies were more located in Dow stocks. Evidence of this comes from the closings on Friday. Two weeks ago the Dow closed at about the same place, but the SPX was $20 points higher (above 2000). This is a modest amount, but if the trend continues it will tell me something meaningful.
TODAY
I am confused, in all honesty. The market is finally starting to gyrate. I use to count how many days (months) it had been since the Dow moved 100 points, and now it is doing it every day – but in no specific direction. There appear to be seismic shifts occurring.
So from here we will (in my opinion) most likely go higher fast, and then fall. But we could also just drop. Any bullishness I have left in me is only because it is the trend and the trend continues longer than anyone expects. The Nasdaq ran up a full year AFTER even the biggest DOT COM bull said, “We need a pullback”.
It is real doubtful anything will happen with interest rates anytime in the next couple of months, but if they start going up (or even an appearance of strong inflation creeping in), it should be the death blow to the bull.
So for today: Who Knows?
For This week/next: Higher
6-Months; DOWN.
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 – RWT – 0008 for more details.
This Week – Gamma Scalping
Remember: it is possible to sign up for ONE (1) if you are wanting a specific topic.
NEW:
I gleamed over the new and additional approach I am taking to POT when it comes to placing paper trade examples. This new approach will be two-fold.
ONE – I will be assigning a level of difficulty to each trade (from 1 to 5).
This is done so that the participants get get a better handle on the degree of difficulty each example is prior to it being placed.
TWO – This also ensures that students of any and all levels of sophistication will find examples that pertain to them. It will also help newer traders elevate their level of sophistication by pulling them up a level, instead of stagnating in one area.
This begins Wednesday.
Italy people please see our current greeks below.
Too True To Be Funny
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Attorney Stuff
DISCLAIMER (Seriously!)
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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Our products are written ONLY by floor traders, fund managers and retired floor traders. But that really doesn’t mean much. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. . If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made. Nothing we do is audited and we make no promise of accuracy.
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