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:

10/16 RUT Iron Butterfly

RUT position also doing great!

10/16 MNX Iron Butterfly

Very good day, the 1st 1/3 of the position is doing great! Plan on keep adding next week.

10/15 Daily Summary

Just started the NOV cycle on the MNX and RUT iron butterflies, their profile and dashboard look so pretty when it is brand new.. :)

Not much price action in the markets, once again Vertical Solution and FinViz helped identify a range-bound day.

Position's Details:
10/15 RUT Iron Butterfly *NOV* *New*
10/15 MNX Iron Butterfly *NOV*

Price Action & Charts:

10/15 RUT Iron Butterfly *NOV* *New*

Started the NOV cycle on the RUT position. Entered about 1/2 of the planned size, will add more if RUT moves or torwards the end of next week.

10/15 MNX Iron Butterfly *NOV*

Started this new position Today. Ready for the NOV cycle. Entered 1/3 of my total planned size for the MNX trade, plan on adding more next week.