Weekly summary

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	15988.08	16093.51	105.43	0.7	-7.6
Nasdaq	4488.42	4591.18	102.76	2.3	-8.3
S&P 500	1880.29	1906.90	26.61	1.4	-6.7
Russell 2000	1007.74	1020.76	13.02	1.3	-10.1

After a difficult start of the year, I'm going back to my old trading style. I've been doing good for the last two weeks. The trading was tough on the last Wednesday when ES dove below the previous low on last August. I gave up at ES 1836. I felt that I made the right decision when ES fell to 1805. But later on, I overcame my fear and thought it was not end of the world. I bought the positions back at the early reversal. Oh, well. I did save myself a lot of money by the change of the heart. Today ES is at 1899 and I had more than 10 contracts. :-)

  Here is the trade for Wednesday. It was to book the profit for the short positions and roll over the long positions.

 

As a result, I had a very good week.


  I  think the market will be still volatile. We are not out of the woods yet although we saw big rally on Friday. Anyway, I still have long and short positions in hand.