Monday, October 19, 2009

10/19 Daily Summary

This may seem I'm making this up, but honestly, at or around mid-day I looked over FinViz and Vertical Solution and determined we were not very likely to move beyond 1 st. deviation. Sure enough we stayed bellow that range. I am starting to feel very good about using these two web sites as "barometers" as to when I should expect thunderstorm vs. normal rain.

Made no adjustments to the trade, I'm expecting to enter another 2/3rds of the MNX position Today.

Position Details:
10/19 RUT Iron Butterfly
10/19 MNX Iron Butterfly

Price Action & Forecasts:

10/19 RUT Iron Butterfly

RUT moved back and forth, back to where it was when I entered the trade. No adjustment planned unless we trade up and above the 640 area. At that level I plan on adding the 2nd half of the trade.

10/19 MNX Iron Butterfly

MNX went back and forth and we're essentially in the same place we were when we started the trade. No adjustment planned at this time, I will add another 2/3rds of the position Today.