Tomorrow

The market will be up big!

1/31/17 Tuesday. End of the month.

"AAPL releases earning on Monday.

I will add NQ position after the earning."


   I added NQ at 5127  after the AAPL earning. I bought 1 es at 2281 on Sunday. 

Next week.

I might not be able to post that much if I get busy with work.
I expect modest pull back before the fed statement on Wednesday. AAPL releases earning on Monday.

I will add NQ position after the earning.
Expected Range:  (2280+/-5  - 2300+/-5)

Weekly review

Vix: 10.58
S&P 500 E-Mini Mar '17 (ESH17) : 2251.75-2299.5   open: 2266 close 2289
Nasdaq 100 E-Mini Mar '17 (NQH17): 5030-5168.5   open: 5059 close 5162
Russell 2000 Mini Mar '17 (RJH17) : 1339-1387    12/12/16: 1395    open: 1350 close 1367
Gold: down. Oil: around $53 range.

Trade summary:

Result:

My friend's account:

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	19827.25	20093.78	266.53	1.3	1.7
Nasdaq	5555.33	5660.78	105.45	1.9	5.2
S&P 500	2271.31	2294.69	23.38	1.0	2.5
Russell 2000	1352.58	1370.15	17.57	1.3	1.0

Another good week.

I didn't make as much money as previous weeks since my expectation and plan were out of the range.
Good thing is that I quickly adjusted the market view and ended up winning for myself and for my friend.

I made money 4 weeks in a row.   I can go up to 9 weeks then I start to lose.  Let's see how I'm doing this time. Actually I don't care as long as I keep loss small. :-)


I will write more over the weekend.

1/25/17 Wed

Here was my number: "Next week:   ES ( 2240+/-5 pts -2270+/-5pts)"


 It totally runs out of my range. I had to buy cover my short position!  

The market is up today

no bad, huh?

A good progress.

Not bad on a down day!

Weekly review

I will start to play Russel 2000 mini soon

Range:  RJH17( 1339-1374) . Open 1370 close 1352
             ESH17( 2253-2273) open: 2270 close 2266
             NQH17(5025-5083) OPen:5056 close 5058

 From the charts in below, I still think ES is the best trading instrument.

The market made it high on January 6. It's pretty range bound the whole week including Friday. I did the most of trading on Friday. I was worried about Jan 19th and 20th from my last week's post. It turned out there was not much, although it was volatile on Friday.

My own account: 

40% of the profit comes from NQ. The rest is from ES.

 

Friend's account: 

Next week.

I still think it might be range bounded.My estimate for the last week:
  . ES( 2250+/-5 pts -2280+/-5pts)
The real range is 2253-2273 
Next week:   ES ( 2240+/-5 pts -2270+/-5pts)
 

*****Happy Trading*****

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	19885.73	19827.25	-58.48	-0.3	0.3
Nasdaq	5574.12	5555.33	-18.79	-0.3	3.2
S&P 500	2274.64	2271.31	-3.33	-0.1	1.5
Russell 2000	1372.04	1352.58	-19.46	-1.4	-0.3

Today is the day. :-)

Oh, well. I've had a good start.  I will write more tomorrow.

1/18/17 Wed

Market is flat. I haven't done much this week besides holding the existing positions.

Range so far: (2257.5--- 2270.5). I was out yesterday when the spx future touched 2257.5 from the high.  Well, missing one entry is not a big deal.

If the market keeps moving in this range, I probably will not do anything. Maybe I can do a lot of work. :-)

Next week!

Last week, my ES  number was  ES( 2255+/-5 pts -2280+/-5pts). The actual range is 2248.5-2275
NQ(  4990-5063 )

Next week's range . ES( 2250+/-5 pts -2280+/-5pts). It might retest 2240 area. But it also might be up, and up with thin volumes next several days. The market is closed on Monday.

What's going to happen on Jan 19th or Jan 20th? Maybe nothing is going to happen. We'll see.

I'm thinking about reducing some position first thing on Tuesday. 

 Vix was around $11 the whole week. Fear: 57.

Weekly review

It's a very good week again.  I did trade according to the plan. But I do need to spend some time reviewing the 

market and trading. I will post more later.

My friend's account

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	19963.80	19885.73	-78.07	-0.4	0.6
Nasdaq	5521.06	5574.12	53.06	1.0	3.5
S&P 500	2276.98	2274.64	-2.34	-0.1	1.6
Russell 2000	1367.15	1372.04	4.89	0.4	1.1

Tomorrow

If ES drops around 2255 area, I will buy or cover some short position.

Next week!

Buy dip on NQ. I consider dip if it drops 30pts or more.

Possible range for ES( 2255+/-5 pts -2280+/-5pts).

AA kicks off the quarterly earnings tomorrow on 1/9/17.



 

Weekly review.

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	19762.60	19963.80	201.20	1.0	1.0
Nasdaq	5383.12	5521.06	137.94	2.6	2.6
S&P 500	2238.83	2276.98	38.15	1.7	1.7
Russell 2000	1357.13	1367.15	10.02	0.7	0.7

1/6/17 Friday new high!

I chased the market in the early hours.

Market comment:

I've made the most of money on the weekly basis in my trading journey. It is a very good start of the year.

I also made money on my friend's account. It is more than 1% gain!

More review on the weekend.

1/5/17 Thursday dow-45 ndx+11

Second day vix< 12.
Keep hedging my existing position with ES short.

1/4/17 Wed (2251-2267) dow+60

Bullish: Fed minutes and strong number in auto sales.
Up: second day.
Vix: below 12.

1/3/17 Tuesday (2239.5-2259.5) Dow+119

I have a good start for the 2017.

As I mentioned before, I made $631 for my friend and I withdrew it for her as a gift. I opened small position for her today.

 The trading method is the same for my own account. But I'm much more aggressive myself.

First day up.  

 Dollar trades around 14-year highs with strong ISM data(54.7). Construction spending also strong. 
Event for this week:

The future market

is going to open in two hours. But I haven't done anything yet.
I've had a boring but safe holidays. I'm sick but getting better now.

I can't complain too much . Seriously I should be very thankful for the peaceful holidays . I left the company mac book pro on Uber on Christmas eve when I tried to catch an early flight home.
I can't get hold of the driver in the first 40 minutes. I was in tears and almost gave up and wanted to go to the airplane!  I was very desperate.  But eventually I got hold of the driver and got my laptop back. I was also able to catch the right flight.

I've been thinking what if I didn't get the laptop back. I would have lost a lot of data for the company.  (The purpose for the work trip to to collect the business requirement). I would have been very panic last week and very frustrating.

As a result, I'm fine that I was not very productive last week.