This Could Be The Start Of An Important Bull Move

Thursday
Recap: We had a great day Thursday with a profit of $510.  That is close to
a 3% return on investment in just one day. 

Yesterday
the cash Dow broke and held past 10200 and 10250. 
We had this move pegged solid for the past week. 
As early as August 30 and in subsequent predictions, we said the cash Dow
would move higher and test 10200, then fall back to the 20-day EMA, then move
and break the 10200 and 10250 level.  That
is exactly what happened.  Above you
can see the exact chart we posted yesterday morning before the cash open, with
the only addition being yesterday’s price action.

Prediction
for Friday:  Ultimately I think
we’re going to test the 10250 level on Friday, with a potential test of 10200
either Friday or at some point over the next few weeks. 
However, ultimately I expect this to be the potential start of an
important bull move.  If we do
successfully test 10250 on Friday, watch for the market to take off. 

Portfolio
Strategy:  Right now we are delta
positive.  We are likely to remain
positive for the balance of next week, with a potential turn to neutral on
Thursday or Friday of next week or if the cash Dow closes and holds under 10200.

Previous Day’s
Results and Current Portfolio Status: 

Daily Profit: $590

10100 Sept. Mini Dow Call Options

Long 5. 

Yesterday these options settled at 235, up 90. 

Profit yesterday on this position was $2,250.

These options expire September 17.

10300 Oct. Mini Dow Call
Options

Short 5. 

Yesterday these options settled at 163, up 50

Loss yesterday with this position was $1,250

These options expire October 15

10400 Oct Mini Dow Call
Options

Short 2.  On Thursday we bought 1
call option for 119.

After this trade we are short 1. 

Yesterday these options settled at 111, up 37

Loss yesterday with this position was $410

These options expire October 15