Screen Shot 2015-10-01 at 5.49.43 PM

Prepared by the good people at Random Walk, LLC. (and Scott)

Government Shutdown Averted

They kicked the can down the road (again).

At least those “geniuses” can agree they are too incompetent to balance a checkbook.

Great Morning!

Closing Prices From Yesterday

Screen Shot 2015-10-01 at 5.49.49 PM


Screen Shot 2015-09-09 at 11.28.52 PM

Screen Shot 2015-10-01 at 5.49.56 PM


Yesterday and Today

Yesterday

The Dow was only up 237 points (1.47%) , but the SPX was up 35.94, or 1.91%. I had to double check but even BABA was up. Tesla unveiled its new “X” series car with gull-winged doors and a sensor that knows when you are approaching the car.

AAPL was up as well after suffering a large decline the previous day from Google wanting to launch its own tablet and phone. One would think those guys could have an original idea with all that money.

Bonds were down modestly while the USD was stronger against the Euro.

It was the end of the 3rd quarter and $3 bln came in to buy on the close. We will see if the run up with real or just people with cash that had to go to work. You could NOT pay me to own a bond, so with the market down 7.5% in the 3rd quarter it makes sense to buy.

TODAY – Up by end of the day

One of the last fears left for the market was the government shutdown. The Senate and Congress passed a bill to push a deadline back until December 11th. This should result in a relief rally on the open. I suspect at 10:00pm with futures up 4 that they are a screaming buy here, and will be up 15-20 on the open with the Dow up another 150- 200.

From there we will see if the rally is real, or it is a selling opportunity to short the market and watch the SPX head back to 1867. Yes, this particular headache is over with for today, but it will come back up in December. We also have other monthly and longer term headaches.

Some of these are (not important information below):

Interest Rates:
Until Yellen decides to decide on interest rates, we will see what we have seen. The market will take no hike in rates as more negative than the rate hike she is fearing will disrupt the markets. And why? Maybe it is the fact the economy does suck, but she can’t do anything about that. We spent $10 trillion and did $4 trillion in QE to fix it, yet we keep passing legislation that puts America behind the curve in competing in the world and at home.

Sarbanes – Oxley

This well meaning but STUPID piece of legislation costs every medium and large corporation an average of $9k per employee to keep records. The ironic item is that this bill was the reason General Patreaus could be convicted, was signed by Senator Hillary Clinton, and can also be used to convict her for many things including perjury.

Vietnam Part II

Now we have Putin saying he is attacking ISIS in Syria, but really attacking our CIA backed rebels (not ISIS). We ALL KNOW (Democrats and Republicans) this administration will do NOTHING to resolve the issue since the only one who dislikes Obama more than Trump is Putin. It appears Putin gets a perverse sense of joy in seeing how many moves it takes to checkmate President Obama – not if he can checkmate him.

OPTION TRADERS

Unless we go test 1867 in the SPX again we saw the highs in volatility and can start heading back down again. I have to make an important distinction. When I say volatility I am referring to implied volatility in the options as measured by the VIX. I am not saying the volatile swings up and down are over with.


Screen Shot 2015-08-20 at 3.01.19 PM

POT is held each Wednesday night at 7:00pm eastern.

Contract the office at 1- 855 – RWT – 0008 for more details.


Screen Shot 2015-08-20 at 3.01.41 PMToo True To Be Funny

Screen Shot 2015-10-01 at 5.50.09 PM

I guess it is not just a “vast right wing conspiracy”. Now Russia was hacking her too? How the hell do you think the republicans got Russia to spy on Hillary for them?

Of course her campaign manager stated “We have no evidence to suggest she replied to this email nor that she clicked on the attachment (that contained spyware)”.

She may be innocent in everything – a super genius who only gets stupid on things that get her into trouble. Just remember…..like Bill Cosby, just because there are 50 scandals doesn’t mean there is anything there.


RECOMMENDED READING

Screen Shot 2015-10-01 at 5.50.21 PM


Attorney StuffScreen Shot 2015-08-20 at 3.02.09 PM

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.

When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.

All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.

Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.

Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).

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.

Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.

Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.