06/17 Daily Summary

Back in the market! Today I got most of my NDX position on, there is only one contract remaining, and I’m deciding if I load it as a regular trade or if a broken-wing butterfly. Last month using the broken-wing approach helped me much when the market moved up and the vols dropped. This month I’m not quite sure, so will let the market decide for me, if we move higher then I’ll use the regular position + long call, if we move lower then I’ll use the broken-wing.

06/16 Daily Summary

Tomorrow is my deadline to get in, will likely to join the JUL ride during the early morning, unless I see anything suspicious. I’m glad I didn’t enter a few days ago, so far I have been following my gut, now is time to get back in the market. Sometimes you just have to take the plunge and manage whatever comes your way..

06/15 Daily Summary

Just a brief note Today, sorry, I'm away from my computer and can't create the daily price action chart.. Will publish if I have some time Tonight..

I'm glad I didn't jump in the market this morning, as it turns out NDX made quite a run. I'll be looking at a possible position Tonight and will consider jumping in Tomorrow if I feel confortable with where we are in the price action.

For now, relaxing and enjoying Brazil's first victory in the World Cup!! :)

06/14 Daily Summary

Ok, I want to place a position this week. Right now I might need to wait for a few days as I won't be able to dive in right away Tomorrow AM. I've studied a possible trade scenario though, so if the opportunity develops (i.e. time and quiet market) I might get started Tomorrow. Otherwise, it would be nice to enter in a strong down-day to take advantage of a volatility pop, this is a nice to have but not required... Required at this point is placing the position and managing it in order to bring profits in JUL :)

06/11 Daily Summary

We had another 1+ st. deviation day Yesterday, the market is not quite yet ready to calm down. Next week is time to get back in the game, this time is the JUL contracts. Let's get ready to roll..

06/09 Daily Summary

Very brief update Today, sorry but got a real busy day at work.. Nothing much to say, no positions yet, noticed the 5-day volatility chart pulling a yellow bar to the down-side.. NDX didn't quite take over Yesterday's low, yet this is still a bearish situation to keep an eye out for.

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.