11/02 Daily Summary

The day started off bullish, but quickly faded away. This might be a sign that the bear is still out there and looking for food. I noticed we were fading back when I saw loosing strengh on the VerticalSolution forecast.

Position's Details:
11/02 MNX Iron Butterfly
11/02 NDX Iron Butterfly Paper

Price Action & Forecasts:

11/02 MNX Iron Butterfly

MNX is still in the game, I'm looking for some consolidation at these levels, that would enable us to recover, specially if the Volatility backs off some.

11/02 NDX Iron Butterfly Paper

NDX is centered in the position, only one small adjustment because I over-did on the up-side.

10/30 Daily Update

I totally forgot to post an update on each position last Friday. Well, I closed the RUT Iron butterfly beyond my max loss, the MNX position is still in the game and I'm looking for some sort of a consolidation here so that it can recover.

Price action was unusual for a Friday, but we had another 2 st. deviation day on both RUT and MNX.

Price Action & Forecasts: