Option Queen Letter By the Option Royals Jeanette Young , CFP ® , CMT, M.S. and Jordan Young, CMT 4305 Pointe Gate Drive Livingston, New Jersey 07039 www.OptnQueen.com [email protected]February 21, 2016 The paperless society. Whenever a decision is made to go paperless, we are accepting electronic transmissions of our information and data as a substitute for their paper predecessors. How does that impact us? Well, we have witnessed an evolution in the medium with which we communicate and store information. In coming days there will be very little in the way of paper data and information, good, bad and ugly will be stored on a hard-drive, in the cloud or in some other electronic method. To disallow investigation by the FBI of an IPhone or other device would be akin to disallowing the FBI to investigate paper files. If you could imagine, this would be similar to arguing that speed limits and other traffic laws did not apply to automobiles around the turn of the century as they were written with horse and buggy in mind As our society adapts to changes in the world, brought on by advances in technology, so to must our laws. Can you imagine the problems seen with hand written notes vs. word documents? The same argument regarding privacy could be made in that instance. How could you possibly allow that invasion of our privacy yada yada…. How about smoke signals vs. written documents. The world of communications are an ever changing and dynamic medium. As to privacy, while we don’t object to the FBI reading our emails or any documents found on our IPhone or other products we carry when a warrant is in hand, we do note that the current controversy surrounding the San Bernardino shooter's IPHONE is rather more complex then the headlines would imply. In this instance, the government has requested that Apple develop a "backdoor," something that currently does not exist, making it possible to crack open an IPhone. The question of should Apple do this vs. should they HAVE to do this are very different. We have very strong opinions on any sort of compulsory labor. The S&P chart declined in the Friday session which was an option’s expiration day. The volume was nothing exceptional. Speaking of volume, we did notice a volume peak in the S&P 500 mini future’s contract on January 20 th and a lesser peak on February 11 th . Both volume peaks occurred on a downdraft day that ended the short-term downtrend. Neither days had enough volume to indicate that the market washed out. Of further interest is the “W” like formation that we are seeing on the daily chart. Our one concern is that the low of February 11 th was lower than
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Option Queen Letter By the Option Royals
Jeanette Young, CFP®, CMT, M.S. and Jordan Young, CMT