More of the Same...

Well Traders, another fairly calm day when all was said and done. There is still a pretty good battle between the Bulls and Bears on the $NDX. Apple's big announcement bouyed the index (and the iPhone looks pretty darn sweet IMHO) as that stock soared over 8% to an all-time high today.

You can see the STO has just about peaked at this point. A downturn seems inevitable in the next day or three. The MACD hasn't "peaked" just yet...just a matter of time.

There is still plenty of time value in my Iron Condor, so there hasn't been much movement on the options just yet. That won't happen until we get past the January Options Expiration Day a week from Friday. Still, I am VERY happy with the way the $NDX is just waffling around here, not doing much one way or the other. I hope this duldrum continues for a few more weeks.

Happy Trading!