To those who are visiting my blog, enjoy the long weekend with family and/or friends, stay safe and remember what the 4th of July represents. Our day of independence in 1776 gave us the ability to live free, dream wildly and achieve any goal we set out to reach. Thank you to our founding fathers who created an unbelievable document and the foundation of a great country.

Happy Birthday USA!

Thursday Log - Short But Sweet

Got back from PIT late Wednesday afternoon after seeing the Cubs split the two games attended. More enjoyable than the outcome of the games was the fact that it was great to be with family and a couple of my best friends over the course of a few days. Now it's back to business albeit for only a day before the 4th of July holiday weekend.

The market opened with all indications of going lower. After the first 5-10 minutes, I went short in the 903 area with 2 C's. First target was for 2 points just above the 900 support area. Price hit my target and scaled out first C. Did not give second one much chance to work. Scaled out of entire position before 1000. Result: +4.5

I was only planning to trade until no later than noon as I anticipated low volume and low volatility after the first couple hours. I was waiting to short the first pullback to the 901 resistance area with an order sitting @ 900.75 which ended up to be hit twice between 1055-1115 but did not fill. That was disappointing because I thought I read the market well and had a plan to swing part of the position to S2 area of 895. Once I missed the ride and price went south without me, I closed down the platform and started the three day weekend early. The day was short (literally and figuratively) but sweet with a profit.

Trade Well !

Monday Log - Report From the Road

I'm on the road visiting family and meeting friends so not much time for trading. This morning I was hoping to get in a quick trade in at the open but had no time to get a feel for the market as I needed to get on the road by 1030. In addition my hotel internet connection was slow which further added to a decision to shut it down.

Even though I am away from my trading cave, I remain engaged in what the market is doing and at what levels the ES is testing and retesting. During the day I'll look in on the market when opportunity is available. While driving, I have my XM radio display set for scrolling the primary indicies & ETF's so I can keep updated. By keeping in tune with the market even while away from my desk, it helps keep me in the game and aware of the market making certain levels. A peek in at the charts and a review of the whole days action is also part of my road routine.

Back at the hotel tonight after attending game one of the Cubs / Pirates series where the Cubs won in quick fashion 3-1. Took my two nieces and nephew to their first MLB game. They enjoyed the experience and will hopefully be the first of many I can take them to. Not sure if I'll have an opportunity to trade on Tuesday as friends are meeting me in PIT for game two of Cubs / Bucs so tomorrow is party day. We'll see how my schedule goes and will trade & post accordingly. FYI - Hoping for a gap fade in AM if market is up.

Trade Well !