ES Journal - 2013

looking at the vix this am saw that since late DEC we have had a spike about every 2 months. Playing on the chance we have a spike in the vix next week buying some puts...not brave enough to short directly but heck the ES weekly puts are pretty darn cheap.
 

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Quote from hitchslap:

LONG here at 1697.5
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Quote from hitchslap:

boring day.
Gonna wait until it goes up a few more points and then take +3 or +4 points on my long and call it a day, I think,
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There she goes.
Closing this here at 1701.5 for another +4
 
WASHINGTON (MarketWatch) - St. Louis Federal Reserve Bank President James Bullard suggested Friday the central bank should wait for more data on the economy in the second half of the year before deciding whether to taper its $85 billion-a-month asset purchase program. In a speech to a conference on municipal finance in Boston, Bullard said that some on the Fed may wish to taper if future growth is expected to be strong. But he warned that caution is needed "in taking policy action based on forecasts alone," saying that he has often been too optimistic about the pace of the recovery. "In particular, it is important to wait to see if better macroeconomic outcomes materialize in the months and quarters ahead," Bullard said. He noted that the economy has been weak, with gross domestic product averaging just below 1% over the past three quarters. He said inflation could be pushed lower by tapering. Bullard is a voting member of the Fed's policy-making committee this year. He stressed that he was presenting his own views and not "pre-judging" the committee's conclusion.

http://www.marketwatch.com/story/fe...-2013-08-02-12914511?link=MW_home_latest_news
 
Would like to see it at 1750 next week.

A few limit orders in down below to get long again, but dont think they'll get filled today, so likely done for the day now.
 
Quote from Trader.Fighter:

Careful shorting next week as we got the 401k buyers and Jobs numbers, statistically bullish week, and in a bull market even more so. Would not be surprised to see the 1700s in ES this upcoming week, I covered my short positions today and reversed long on many.
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Exited all positions at today's gap fill.

Good weekend everyone.

EDIT: For next week, Im standing on the sidelines to see if we can move higher to begin to build a small short position to add to it only on market confirmation, eventhough I see higher still, Im witnessing severe confluential resistance points in the charts, but will let the market confirm my theory intstead of predicting it, no ego in shorting the very highs, lhs are fine.
 
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