Friday, February 16, 2007

Pay Day!

Well Traders, ring the register, it's PAY DAY!! My February Iron Condor was a complete success so today, one of my best friends, Max Profit will pay me a visit! What a GREAT way to start the weekend!

Yesterday the $NDX rose a little over $8 points to end the day at $1,823.41. While this is insignificant for February's play, it may be significant for March's play since that is a break of resistance. We'll have to see if it holds and becomes new support, or if it was just a temporary breach.

I get a FREE day (I LOVE those) on Monday for President's Day since all the markets are closed. In the meantime, we'll see how the March play moves and get ready for April's play. Enjoy your three-day weekend!

Happy Trading!

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