Random Walk Trading.com
Thursday
May 14, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC.
Closing Prices From Yesterday
CNBC Survey:
According to a CNBC survey,
“63% of millionaires surveyed say they’re one stock market crash or lose job away from losing their lifestyle”
Have a great day!
Below are the major stocks reporting earnings
73% of companies have beat so far
1–855–798–0008
Today’s Number(s)
Yesterday and Today
Yesterday
The market opened as if it were going to run higher and fast. Then about 30 minutes into the session bonds started to get weak again, and it took the E-minis down from +11 to -2. An hour later we had some economic numbers come out and bonds went positive on the day again, and the Eminis followed suit going +6. But because bonds weigh more than Drew Carey or Kevin James right now they sank to where the TLT closed down -1, and it dragged the E-minis back down on the day.
The day ended up being a dull one in hindsight, though it felt like it was going to do something big on the open and close.
TODAY
It depends on initial claims in part. If things look like they are really good it will send bonds down and we will follow. If things look lukewarm it will be great for the market.
The other consideration is program traders. These poor guys got hurt so bad a couple months ago buying stock on the open Friday morning that they are incapable of waking up on Fridays anymore. Since then one can see a huge buy volume in the afternoon of Thursday, which leads me to believe these guys just buy Thursday before the close.
If we get a move higher and program traders need to buy stock on the close, things could get goofy on the upside. By that I mean new highs in the Dow and SPX in one day.
But that is going against the recent trend of doing nothing, so we will see.
We have 4-5 positions to clean up for expiration. We have a short risk reversal (long delta) hedged by a free short SPY call spread that is ITM. We are pretty clean right now, but leaning to the bullish side. But a big enough drop wouldn’t hurt us either, so…let’s have some fun!
Contract the office at 1- 855 – RWT – 0008 for more details
Maui ’16 will be announced next week!
Scott is buying everyone a dinner cruise.
Three days of trading and whale watching.
What could be better? A crash while in Maui!
Too True To Be Funny
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Attorney Stuff
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