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
I owe you both a lunch and dinner.