Tuesday, June 8, 2010

06/08 Daily Summary

No position on the table, I’m simply watching the market action for the next few days. Plan on entering my NDX iron butterfly around the 30 days till expiration mark. As we closed with a hammer candle pattern on the daily chart, it will be very interesting to see what tomorrow brings. Should we break this hammer then all bets are off. Also, notice how volatility came back quite a bit Today, almost a 8% drop on the VIX, if one had entered a position Yesterday, it would be in great shape Today just with the vols crunch.


Dhaka Stock Exchange said...

Thanks for sharing this helpful info!
I always like to read your blog..

Gustavo's Trades said...

Thank you! Next week is time to roll with the JUL contracts. I should be more active.