Wow. Well Traders, this has been an Iron Condor's WET DREAM! I mean, I couldn't script this any better if I tried, except to have had my spreads at $1,825/$1,850 and $1,750/$1,725. At this pace, that would have made some serious Jack!Anyway, the $NDX took a nice tumble like I expected, though further and faster than I expected to close down -$25 points to end at $1,785.53. You'll notice the nice "Bearish Engulfing Pattern" which may indicate more downside. I would expect that based on the MACD and STO positions as well. The index has been recently rangebound between $1,820 and $1,750 with the exception of a small pop in mid-January. At this point everything looks golden and next week will be payday on Friday morning for February's contracts. Amen!
On a down note, CyberTrader needs to get their shit together with Penson. I keep getting "Maintenance Call" emails for covered positions which is assanine. If they don't fix the problem ASAP, I'll be taking my business to Think or Swim.
Have a GREAT Weekend and Happy Trading!
