S&P Drops On Week, Holds 50 Day Moving Average

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Markets got a little banged up this week trading lower on the week. The Russell and Nasdaq got hit the worst as they both closed below their 50 Day Moving Averages. The S&P and Dow both held their 50 days, but just barely. Below is a pic of the S&P and its 50 Day (50 day moving average is in green).

We opened a new SPX Iron Condor in the Weekly Trading Service as our existing Iron Condor expired worthless today for full profit. Today's expiring Iron Condor looked like this:
SPX 1410/1415/1470/1475 opened 10/9, expired today for +8.7% profit.

The Monthly Trading Service is in great shape with OpEx approaching. We anticipate closing most of the trades for nice DRAMA FREE profits this coming week and jumping into the next round of trades.

More to follow this weekend as always. Navigate wisely and stay profitable, my friends. Happy trading!