Breaking out

Spx

2/7/17 Tuesday Snow stops

I like to buy break out. Here is an example.

2/6/17 Monday

We have a very mild pull back and the uptrend is intact. The market is BORING!  But the snow in Seattle is NOT!

Next week!

Expected Range: 2270(+/-5pts)---2310(+/-5). If it breaks up 2300, it can easily go beyond 2300. 2300 might become a support. I will have to respect the market and cut loss on the short position. I truly hope that the market pulls back a little bit. :-)

Let's see.

Weekly Review

42% from NDX, the rest of the profit comes from SPX.

I'm not posting the performance for my friend's account anymore for the privacy concern.

I'm starting to get more down days now. :-) Current holdings:  I have slightly more short positions for the next week.

Vix: 10.97
S&P 500 E-Mini Mar '17 (ESH17) : 2262-2294  open: 2282 close 2291  --- 2pts higher than last week's close.
Nasdaq 100 E-Mini Mar '17 (NQH17): 5083-5162   open: 5146 close 5155. Continue buying low.

Russell 2000 Mini Mar '17 (RJH17) : 1339-1378(lower high)   12/12/16: 1395    open: 1362 close 1377 Bullish?

Gold: up. Oil: around $53 range.

I forgot the red arrow on ES chart on Friday since I did sell around 12pm.

Where are we now?

The trend is not built in one day. Although we are breaking out and in the uptrend, we need to be cautious. Are we going to have a red month?

$NDX

Hmmmm, $rut flat after breaking out last December.

Another winning week.

The close price last Friday was 2289. I expected the mild pull back,  then I went ahead to buy ES on Sunday when it reached 2281. Of course it dropped further to 2262 the next couple days.

What did I do? yeah, I bought NQ contracts after the AAPL earning, What else have I done?  I did the most of trading again today. I'll write more over the weekend.


Watch more and trade less.