10/20 Daily Summary

Today was a mixed feeling sort of day.. Early in the morning I didn't see a lot of selling pressure, then mid-morning selling increased.. By end of the day it subsided and we ended up with a mixed day in the indexes. Notice RUT was down 1 st. dev. and MNX was flat.

Position's Details:
10/20 RUT Iron Butterfly
10/20 MNX Iron Butterfly

Price Action & Forecasts:

10/20 RUT Iron Butterfly

RUT is doing great thus far! Once again, I have 1/2 of the position on, and plan on adding the 2nd half by Thursday if nothing happens Tomorrow.

10/20 MNX Iron Butterfly

Added one more contract to the Iron Butterfly Today. I now have 1/2 of the position on. My deadline for being fully loaded is this Thursday.

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.

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: