I have no idea where the market is heading next week.

 I have been bullish for several weeks and I started with the neutral position and I cut loss on the short position during the week last week.

I still think the bull will take a break but I honestly don't know. As a result, I have the neutral position again for the coming days.  Let's see.

 2860+-/5 -----2900+/-5 !!!!!!!!

New high every week..

So is my account balance.

 

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	26071.72	26616.71	544.99	2.1	7.7
Nasdaq	7336.38	7505.77	169.39	2.3	8.7
S&P 500	2810.30	2872.87	62.57	2.2	7.5
Russell 2000	1597.63	1608.06	10.43	0.7	4.7

What to expect next several days.

Last week Range ES: 2769-2815.  NQ:  6729-6857. Vix: 11.27.

I do feel that there is not much up momentum in the market for the next several days. They probably would stay in this range for a while before making a move.

I believe that ES will close above 2800 by the weekend. Maybe we will see some weakness on Tuesday and Wednesday and probably on Thursday as well.

The trading range for ES: 2790+/-5 - 2820+/-5. NQ:  6780- 6870? Let's see, It's still earning session. The incident of the government shuts down might shake the market a bit. That's it.

Last time Shut down Chart

Week in Review

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	25803.19	26071.72	268.53	1.0	5.5
Nasdaq	7261.06	7336.38	75.32	1.0	6.3
S&P 500	2786.24	2810.30	24.06	0.9	5.1
Russell 2000	1591.97	1597.63	5.66	0.4	4.0

Next week!

It is a short week since the market is closed on Monday.

Earning season starts. We want to stay in the market and enjoy the ride, with cautious though.

I feel like that we might see some pull back on Tuesday and Wednesday.。  Last week: ES: 2736-2790. Last two weeks: ES(2674-2790)  NQ:6398-6778.

Bull needs to be cautious when more people are bullish about the market. The VIX was up with the market as well on Friday.

    Range: 2780+/-5-2805+/-5 . It can't gap up and run away forever. Let's see 

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	25295.87	25803.19	507.32	2.0	4.4
Nasdaq	7136.56	7261.06	124.50	1.7	5.2
S&P 500	2743.15	2786.24	43.09	1.6	4.2
Russell 2000	1560.01	1591.97	31.96	2.0	3.7

Weekly Summary

The market is *CRAZY*.

Similar amount was made in IB account.

last week:
http://babysunfuture.blogspot.com/2018/01/weekly-summary.html

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	25295.87	25803.19	507.32	2.0	4.4
Nasdaq	7136.56	7261.06	124.50	1.7	5.2
S&P 500	2743.15	2786.24	43.09	1.6	4.2
Russell 2000	1560.01	1591.97	31.96	2.0	3.7

Trend continues

Here is the last weekend's result from TD Ameritrade.
https://babysunfuture.blogspot.com/2018/01/weekly-summary.html

Here is now:  I did some small adjustment.

What to expect for the next week and trading plan.

I'm reviewing the market and what I have done last week.

One of my new year resolution when it comes to the trading is not to place any trade in the afterhours.  I did it.  I will continue working on that!

The second of my goal is not to jump into a trade unless it is a strong trend. (I'm still working on that!)

I'm not afraid of chasing long and holding them. But I need to work on how to reduce the loss when the market is against me.

The next week is pretty uneventful! Range? Let me think about it and come up with a plan.

Weekly summary.

HAHA, I have never seen the market run like that!

Good thing is that I have been on it all the time. (But I did add some covered call on some of the contracts the other day). Here is the trading result from TD Ameritrade. I have NQs. Similar result from IB,

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	24719.22	25295.87	576.65	2.3	28.0
Nasdaq	6903.39	7136.56	233.17	3.4	32.6
S&P 500	2673.61	2743.15	69.54	2.6	22.5
Russell 2000	1535.51	1560.01	24.50	1.6	14.9

Haha! The market is CRAZY!!!

Was year 2000 like that? :-)

Enjoying the ride

I have a lot of NQs and some ESs. I just started to put a little hedge on them today.

It's a good start of the year.

First week of 2018. (Jan 2nd - Jan 5th)

Last week's low 2667.75 shoud be served as support. The expected range is 2670+/5-2690+/5

If  I need to trade, the time for me to trade is between 12pm to 1pm.

Final Return for 2017

I gave some gain back last week. Here is the final result.