Thursday, October 22, 2009

10/22 Daily Summary

I didn't quite pay much attention to the market action Today, as I checked prices mid-day, the FinViz chart was showing a bullish mood, but that wasn't such bullish on the VerticalSolutions chart, so I figured we'd be pushing close to 1 st. deviation, which was ok given the fact I intended on adding to my positions Today one way or another.

Notice how the Financial sector was pulling everything up.. That's very clear on FinViz and VerticalSolution charts. That's Another reason I added both to my daily study, they allow me to see if price action is isolated to one specific sector or if it is something happening accross the board.

Both trades are doing good and getting the benefit of this range-bound environment.

Position's Details:
10/22 RUT Iron Butterfly
10/22 MNX Iron Butterfly

Price Action & Forecasts charts:

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