Our positions expired without a hitch. We didn't get the movement we wanted during the cycle and were therefore unable to open the second half of the spreads. Although small, we earned an average profit of 3.6%
The markets are approaching the highs set last year and many believe we will test those resistance levels very soon. As long as corporate earnings continue to impress, we may just see record highs once again.
Today, the Dow gained 110 points, the S&P500 added 4.58 and the NASDAQ moved higher by 1.98. The fear index, VIX, is trading very low, near the 12 handle.
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