The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201
Thursday, October 26, 2006
Email – #208
Yesterday evening, the S&P 500 tracking stock finished the day 34 cents above our “ON THE CLOSE” stop. At this point, we will now implement an intraday stop, thus not waiting for another close… should the index continue to travel to higher.
For today, if the SPY trades above $138.60, immediately close your position.
In the mean time, the other three trades in our portfolio are all moving as they should.
Also, I will be emailing you a detailed market ‘snapshot’ this afternoon… before the market closes.
Exit is everything,
Mark Whistler
