Markets Find Their Mojo Again, New Trades in Both Trading Services - Apple (NASDAQ:AAPL)

Markets jumped out of the gate today and never looked back. The S&P has decisively regained the 1371 / 50 Day Moving Average area and closed just below 1390. The Dow is within spitting distance of 13,000 again as well. One item of interest is Apple (AAPL), it has been down 3 days in a row. Hmmm.......

Today we took advantage of the increased volatility and deployed another SPX Iron Condor in the Weekly Trading Service. The trade is setup nicely going into tomorrow's expiration considering today's move. We also created an Iron Condor by opening a Bear Call Credit Spread in the Monthly Trading Service pairing it with the Bull Put Spread opened earlier in the month.

If this rally continues we may be able to turn the rest of our Monthly Trading Service into Iron Condors. We'll see how tomorrow and next week shape and let the market be our guide. We don't want to chase trades here. The market is definitely looking better but it is not out of the woods yet. The key will be to see if this rally has follow through......like every other rally has so far this year.

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