What to expect next week?

  My reader reminded me that I haven't written the market update for a while. Sorry, the market has been in this slow bull situation and I have shifted the focus away from the market.

  Ok, I checked the market just now and here is my input:

We are at the earning season and most of the companies reported good earnings.  There is no surprise in the FED notes last week. We also had a good job NFP report. 

There are not much events going on next week. The volume will be light. I think ES range will be 2570+/-5 -2590+/-5

VIX: 9.1

 Last last week: 2542-2574. 

 Last week: 2562-2585.5 close at 2583.

Nasdaq clearly broke out.

I think we will have a low opening on Monday and might have a low closing week also. Yes, I will add short at the upper range.

I did pretty well last week and as matter of fact, I haven't spent much time on it either. So the slowness in the market doesn't bother me at all. I guess that is also called self-adjustment.

Weekly Review

Trend continues.

Next week:

ES: 2560+/-5  - 2575+/-5.

NQ> 6050

The return is not bad, huh?

 

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	22871.72	23328.63	456.91	2.0	18.0
Nasdaq	6605.80	6629.05	23.25	0.4	23.1
S&P 500	2553.17	2575.21	22.04	0.9	15.0
Russell 2000	1502.66	1509.25	6.59	0.4	11.2

Weekly Review

There was no surprise in the market this week.
Earning season starts again! How fun!

This week ES: 2539-2555.

Next week:   2540+/-5 pts - 2560+/-5pts

 NQ should be above 6050.

Yes, it is a 5 figure profit. It's not my goal anyway. I enjoy it while it lasts.

Weekly review

 I didn't beat the market this week. I managed to collect several thousand dollar since I've been fighting with the trend.

 My estimated range  was

(2505 +/-5 pts --- 2520 +/-5 pts)

But the market was super strong. my upper range was pretty much served as the support.  So I had to cut loss on the short position and I traded a lot this week as well. 

Oh, Well. It's good that I didn't lose money. Hope that I can do better next week!

Next week!

(2530 +/-5 pts --- 2555 +/-5 pts)

Plan: If NQ has 40-50 points pull back, cut loss on NQ short.

Next Wednesday: Fed meeting minutes and  ECB president talks on Thursday.

 

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	22405.09	22773.67	368.58	1.6	15.2
Nasdaq	6495.96	6590.18	94.22	1.5	22.4
S&P 500	2519.36	2549.33	29.97	1.2	13.9
Russell 2000	1490.86	1510.23	19.37	1.3	11.3

Where are we now?

Vix: 9.83% up for two days.
Fear index: 92

ES range this week:  2517-2535.75
NQ range this week: 5978-6015.

NFP this Friday.

Historical performance

Here is my past performance since I started to write this blog in 2012.  I don't remember why I did poorly in 2014.  But let bygones be bygones. I've been pretty consistent in the recent years.

 I encourage every my blog reader writes down his/her trading log. It actually helps me tremendously.

Good night. :-)

S&P 500 returns.

Data Source: Bloomberg SPXT Index

2017 (YTD)	14.24%
2016	11.96%
2015	1.38%
2014	13.69%
2013	32.39%
2012	16.00%
2011	2.11%
2010	15.06%
2009	26.46%
2008	-37.00%
2007	5.49%
2006	15.79%
2005	4.91%
2004	10.88%
2003	28.68%
2002	-22.10%
2001	-11.89%
2000	-9.10%
1999	21.04%
1998	28.58%
1997	33.36%
1996	22.96%
1995	37.58%
1994	1.32%
1993	10.08%
1992	7.62%
1991	30.47%
1990	-3.10%
1989	31.68%

Weekly Review.

VIX is 9.51  and has been down for 4 days in a row.
 CNN fear index: 85

SPX new high. It broke out my upper range.

I did pretty good again this week.


  
 

What to expect next week?  (2505 +/-5 pts --- 2520 +/-5 pts)

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	22349.59	22405.09	55.50	0.2	13.4
Nasdaq	6426.92	6495.96	69.04	1.1	20.7
S&P 500	2502.22	2519.36	17.14	0.7	12.5
Russell 2000	1450.78	1490.86	40.08	2.8	9.9