Monday, December 23, 2013

Winding Down 12-23-13

Market continues trending up today but the ranges and volumes are down. ES reached my two measured Fib 23% target today and still hanging up there. Next target is at 1830-32, but tomorrow is only a half trading day before Christmas.

I didn't have any new position today. I tried CL, ES Jan-10 and ZB put sell but no fill. Get be patience. ZB had a big $5 surge at 3am for no news or obvious reason. It shows how volatile this baby can be.

I am learning credit spread and iron condor now. Hope to add to my system next year.

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