June 18, 2008

Daily Review and Commentary for June 18, 2008

Here are the trades I made today for my monthly income portfolio.

These are not recommendations – use your own judgement and analysis before entering any trades.

Don’t forget to paper trade these first – at least 2-6 months – before making any real money trades…

Type – SYMBOL – Strikes – Credit/Debit
———————————————–
Single Calendar – IWM:
73 Calls – July/Aug – .92 debit
———————————————–

Yesterday the Dow was down approx 109 pts – today the Dow fell by another 131 pts. That’s 240 pts in 2 days.

Yep, I called it…

Anyway, watch this video to see what I think about the probabilities for the next market move:

Video Market Review and Commentary

Trade with Confidence