Friday, October 16, 2009

10/16 Daily Summary

Today was an interesting day, I noticed around mid-day that we were not very likely to keep pushing lower. Here was my thinking: FinViz was not fully bright RED, a couple of S&P sectors were pushing things lower, but on a "large day" every single sector will be bright (Red or Green), to confirm that I looked at VerticalSolution and noticed a retreat in the down-ward pressure. These two indicators told me that we were likely to move around 1 st. deviation. I'm starting to enjoy reading these charts and so far so good.

As far as the positions, they're both doing great! Right in the middle of the tent! Enjoy the weekend!

Position's Details:
10/16 RUT Iron Butterfly
10/16 MNX Iron Butterfly

Price Action & Forecast charts:

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