Next week

I will reduce 2 NQ  (I will sell 2 NQ contracts if it pops up) and 1(or 2) ES on Sunday.

It might be a boring week. Let's see. Range(2165 +/- 5 pts--- 2185 +/- 5 pts)

Vix 11.39  CNN fear and greed: 80 something.


Ok, Enough with the stock market crap. :-) Have a nice weekend.

Trade analysis and plan for next week.

NQ: I made $4200 out of $12098.

   I started with X contracts of NQ, but I sold X-1 number of calls. When NQ climbed to 4743 on Sunday night, I sold 1 NQ.

 Range on Monday. 4721-4760. I day trade some NQ.  (I have x-1 NQ with x-1 calls by the end of the day)



 Range on Tuesday 4682-4759. I added two longs 7:20 AM and 8:50AM, also sold calls at 8:44AM.

 Range on Wednesday:  4698-4729  No trade

 Range on Thursday 4,715-4747. I added more longs.

Range on Friday: 4742-4797.  I got up early for NFP report. I added long at around 4763 and unloaded most of them at 
4788/87.



 

On the other hand, I've held of my positions on ES until Friday.  I unloaded some on Thursday night since I don't want to bet two much on the job report.

But I will unload more on Sunday night. I was a little sick on Friday and didn't do the clear calculation on the numbers, As a result, I've held more positions than expected.






 

Weekly review

 I participated the most of Nasdaq rally.

Weekly Wrap for August 1, 2016

 

 (from briefing)

Last Update: 05-Aug-16 16:06 ET

The stock market entered Friday with a modest weekly loss, but a rally that developed in the wake of a better than expected Employment Situation Report for July (255,000; Briefing.com consensus 185,000) helped the S&P 500 log its fifth weekly gain in the past six weeks. The benchmark index added 0.4% for the week while the Nasdaq Composite (+1.1%) outperformed. Both indices marked fresh all-time highs on Friday.

Investors received another heavy dose of quarterly earnings, but the latest batch of results came from companies that had little market-moving cachet. At the end of the week, nearly 90.0% of S&P 500 components had reported earnings, showing a 3.5% decline in blended earnings, which was worse than the 3.2% contraction projected by FactSet.

In addition to earnings, investors received the latest policy statement from the Bank of England, which proved to be a dovish surprise. The central bank lowered its key rate by 25 basis points to 0.25%, increased its purchase program to GBP435 billion from GBP375 billion, and announced it will buy up to GBP10 billion of corporate debt. The news pressured the pound into the 1.31 area against the dollar, but somewhat surprisingly, the stepped up easing efforts had little impact on global equity markets.

The S&P 500 advanced to a new record high on Friday after the Employment Situation report for July (255,000; Briefing.com consensus 185,000) beat estimates, showing above-consensus average hourly earnings growth of 0.3% (Briefing.com consensus 0.2%). Over the past year, average hourly earnings have risen 2.6%, but rate hike expectations remain subdued with the fed funds futures market not pricing in a 50.0%+ chance or a rate hike until March 2017 (51.2%).

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	18432.24	18543.53	111.29	0.6	6.4
Nasdaq	5162.13	5221.12	58.99	1.1	4.3
S&P 500	2173.60	2182.87	9.27	0.4	6.8
Russell 2000	1219.94	1231.09	11.15	0.9	8.4

This week's P&L

 I did the most trading today for the week since the job report led broad rally for market.
What is the range for the next week? I need to review more later.

8/4/16 NFP tomorrow.

I haven't traded much since the range was way too small.  I just hold  whatever I have. I will do some adjustment tomorrow and post P&L over the weekend.

8/1/16 Monday

I bought more NQ position this morning.
 Chase high.