Judd’s Room 2018-11-12

Judd’s room is a Q&A session for members, which starts before the New York Stock Exchange opens.

It’s a place for RIA’s, Private Investors, and Daytraders to get a market overview and ask risk management questions about sectors or names they’ve an interest.

The session starts with me highlighting the key market drivers while you’re watching my screens.

You see what I see as I explain the possibilities and the risks involved in specific instruments.

We cover Currencies, Bonds, Commodities & Equities

The beauty of the room is that you get an unbiased view.

1998-2002 I had similar morning meetings with my proprietary trading group.

Now you can get the benefit of a 40+ yr. market veteran who’s not afraid to say I don’t know.

Judd’s Room 2018-11-12 Update for Long-Term Investors/RIA’s

10/4 went neutral my risk models and Indices for the second time this year.
The first defensive call was 1/23/18.

S&P broke 300 points

I don’t do it often!

It was a caution signal for long-term investors to take money off the table or tighten up their risk management.

In addition, we recommended buying protection via Long VXX

Our medium-term view is that we will not see new Index highs this year.

Judd’s Room 2018-11-12 Update for Short-Term Investors

November focus highlighted mostly defensive opportunistic trades

10/29 Long OZK @ 26.22
Sold OZK @ 26.31
Long VXX @ 38.85

Sold VXX @ 41.07

10/30 Long MSFT @ 103.21
          Sold  MSFT 1/2 @ 104.38
Sold  MSFT 1/2 @ 106.

11/1  Sold Australian Dollar @ 71.84
Bought Australian Dollar @ 71.97
Long AMD Dec 18 19 Calls @ 1.78
Sold  AMD Dec 18 19 Calls @ 2.46

11/2 Long SPY 272/267 Put spread @ 1.06
Sold SPY 272/267 Put spread @ 200
That equaled a 40 point S&P intra day trade

11/5 Long AMD Dec 19/15 Put spread @ 1.40
Sold AMD Dec 19/15 Put spread @ 1.22
Long WTW @  48.70
Long YRCW  NOV 16 6 Call @ .52
Long NBEV @ 4.47
Long Cron Dec 8 Call @ 1.30

11/6 Long WTW @  48.70
Sold YRCW  NOV 16 6 Call @ 1/2 @ .71, 1/2 @ .52
Long NBEV @ 4.47
Sold 1/2 Cron Dec 8 Call @ 1.90

11/7  Long NBEV @ 4.47 doubled position
Sold 75% NBEV @ 5.17
Long ACB Nov.16 9 Call @.25

11/8  Long MU Nov. 9 41.50 Calls @ .34
Sold  MU Nov. 9 41.50 Calls @ .26

11/9  Long NBEV @ 3.71
Long BG @ 63.24
11/9 Midday Missive sent @ 9.26 A.M. CDT
Spu’s looking for a 2772 print to see  reversal on the 50X3
Will try a small long for a bounce @ 2765 the 200 DMA

Manage it. Only looking for a bounce/ Not a long term trad able level.
The initial 1 hour bounce was 23 S&P points.

11/12 Sold NBEV @ 3.58

           Sold BG @ 63.59

Fan Mail;

Thanks for Spu level Friday!
I owe you both a lunch and dinner.
David  
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