We are in pending!

Another Happy Customer!

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