June 25 - June 29 Moving to Portland

Since I'm moving to Portland at the end of this week (and my computer is packed), I won't be trading. Hopefully I'll be back up and running next week.

Type rest of the post here

Russell 6-22-07

The Russell opened slightly off of last nights close and proceeded to meander in a tight consolidation pattern for most of the morning. This was a tough morning for momentum trading.

First trade of the morning long at 6:42 at 846.00 for -1.8. Second trade of the morning long at 6:58 at 844.30 for -1.1. Third trade of the morning short at 7:02 at 843.70 for -0.5. Fourth trade of the morning long at 7:16 at 843.50 for -1.8. Fifth trade long at 7:42 at 842.60 for -0.6.

Net on the morning: -5.1

Russell 6-21-07

The market opened slightly off of yesterday's close and continued to push in the early morning for more bearish activity. Later in the morning, the market retraced into yesterday's value area.

First trade of the morning short at 6:35 at 841.30 for -1.8. Second trade of the morning long at 6:45 at 837.7 for -1.8. Third trade of the morning long at 7:05 at 837.20 for +2.9. Fourth trade of the morning short at 7:31 at 840.20 for -1.5. Fifth trade of the morning long at 7:42 at 841.80 for -1.8.

Net on the morning: -4.0

Russell 6-20-07

The market opened slightly above yesterday's close and quickly moved off of the morning's high. Bearish activity continued through most of the morning retracing the last several days of bullish activity.

First trade of the morning short at 6:37 at 857.20 for +3.1. Second trade of the morning long at 7:10 at 854.10 for +1.5.

Net on the morning: +4.6

Russell 6-19-07

The Russell opened 2 points off yesterday's close and consolidated in a wide range this morning.

The first trade was long at 7:03 at 849.10 for -1.8. Second trade long at 7:25 at 849.80 for +1.6.

Net on the morning: -0.2

Russell 6-18-07

The market opened near Friday's close and continued to push low (into Thursday's value area) in the early half of the morning before retracing and returning to the day's open.

First trade short at 6:37 at 856.00 for +5.4. Second trade long at 7:33 at 851.7 for +2.5

Net on the morning: +7.9

Russell 6-15-07

Sorry I didn't post this Friday but I was having difficulty uploading the picture. Friday's market had strong overnight bullish activity moving the market up nearly 10 points. However, with options expiration Friday there was little follow through in either direction and the market meandered aimlessly all morning.

First trade of the morning short at 6:45 at 855.90 for -0.4. Second trade was long at 7:10 at 856.40 for -0.2. Third trade was short at 7:55 at 858.0 for -0.8.

Net for the morning: -1.4

Russell 6-14-07

The market gapped up slightly overnight and continued to push higher throughout the morning before finding a new value area in the 847.00 to 849.00 area and then retracing slightly thereafter.

First trade of the morning at 6:33 long at 842.40 for +3.3. Second trade of the morning short at 7:10 at 846.20 for -1.8. Third trade of the morning long at 7:23 at 847.40 for -0.5. Fourth trade of the morning short at 7:49 at 846.80 for +0.5.

Net on the morning: +1.5

Russell 6-13-07

The market gapped up overnight modestly and then consolidated for the early portion of the morning before resuming bullish activity.

First trade of the morning short at 6:45 at 832.5 for -0.8. Second trade of the morning short at 7:05 at 831.70 for -0.6. Third trade of the morning long at 7:22 at 832.20 for +3.0. Fourth trade of the morning short at 7:42 at 835.20 for +0.0.

Net on the morning: +1.6

Russell 6-12-07

The Russell gapped down nearly 6 points overnight indicating a large early moring bearish movement. The market then continued it's bearish tendencies most of the morning before settling into a new value area between 832.00 and 834.00.

First trade of the morning long at 6:48 at 837.7 for -1.8. Second trade of the morning was short at 6:59 at 836.00 for +4.6. Third trade of the morning long at 7:28 at 831.70 for -0.3.

Net on the morning: +2.5

Russell 6-11-07

The market sought Friday's lows this morning before turning around and moving back toward's the close.

First trade of the morning was long at 6:43 at 840.00 for +0.7. Second trade of the morning was short at 7:07 at 840.7 for +2.6. Third trade of the morning was long at 7:51 at 838.1 for +2.5.

Net on the morning: +5.8

Russell 6-8-07

The market opened up near yesterday's close and has continued to meander it's way higher throughout the morning.

First trade of the morning long at 6:35 at 833.20 for -1.8. Second trade long at 6:45 at 831.70 for +1.5. Third trade short at 7:00 at 833.00 for -1.8. Fourth trade short at 7:25 at 836.00 for -0.4. Fifth trade long at 7:42 at 836.70 for -1.0. Sixth trade short at 7:58 at 836.10 for +0.0.

Net on the morning: -3.5

Russell 6-7-07

The morning opened slightly off yesterdays close and has worked its way progressively lower all morning.

First trade of the morning is long at 6:45 at 838.3 for -1.8. Second trade of the morning is short at 7:11 at 835.00 for +4.8.

Net on the morning: +3.0

Russell 6-6-07

In classic option expiration Friday style, the Russell has a high degree of overnight activity but has been in a very tight range all morning making momentum trading quite difficult.

First trade of the morning was short at 6:31 at 833.50 for +0.8. Second trade of the morning was long at 6:41 at 842.50 for -1.8. Third trade was long at 6:57 at 842.10 for -0.9. Fourth trade was short at 7:07 at 840.50 for -0.8. Fifth trade was long at 7:18 at 841.00 for -1.5. Sixth trade was short at 7:31 at 839.7 for -1.3. Seventh trade was long at 7:42 at 840.7 for -0.6.

Net on the morning: -6.1

Russell 6-5-07

The market opened down from yesterday's close by approximately 3 points but had little directional impetus after that. The market continued to consolidate throughout the morning and showed little interest in filling the gap. With such a tight morning I wouldn't be surprised to see more directional activity this afternoon.

First trade of the morning long at 6:51 at 852.3 for -1.6. Second trade of the morning long at 7:07 at 850.1 for -1.4. Third trade short at 7:21 at 849.5 for -1.4. Fourth trade of the morning at 7:32 at 850.5 for +1.2.

Net on the morning: -3.2

Russell 6-4-07

The market opened slightly off of yesterday's close and continued to consolidate during the early morning before testing yesterday's low and then returning to the value area.

First trade of the morning was long at 6:37 at 853.00 for +0.3. Second trade short at 7:07 at 853.20 for -1.6. Third trade long at 7:12 at 854.50 for -1.2. Fourth trade short at 7:16 at 854.10 for +2.7.

Net on the morning: +0.2

Monthly Trade Analysis May-07

Well this has been one of the strongest months all year so far and the results have been quite good because of the number of big wins and relatively small losses. My net for the month was +37.1 points which is significantly more than my monthly goal of 20 points.

May 2007 Trading Summary for Russell Futures (Actual)
Date	Trade 1	Trade 2	Trade 3	Trade 4	Trade 5	Net
5/1/2007	1.7	-1.8	-0.2	0	1.2	0.9
5/2/2007	-0.9					-0.9
5/3/2007	0.8	-1.1	-1.8	1.9		-0.2
5/4/2007	-1	-0.6				-1.6
5/7/2007	0.4	0.1				0.5
5/8/2007	5	2				7
5/9/2007	3	-1.8				1.2
5/10/2007	0.2	-1.8				-1.6
5/11/2007	-1.8	-0.5	0.7	-0.5	2.7	0.6
5/14/2007	2.4	0.1				2.5
5/15/2007	5.6	1.5				7.1
5/16/2007	-0.2	-1.8	0.3			-1.7
5/17/2007	2.4	-0.5	0.4			2.3
5/18/2007	-0.7	1.5	1.7			2.5
5/21/2007	7.9					7.9
5/22/2007	0.4	0.1	-1.8	-1.2		-2.5
5/23/2007	-0.8	3.5	0.6	1		4.3
5/24/2007	4.7	6.5				11.2
5/25/2007	-1.8	-1.2	-0.9	-1.8	1.2	-4.5
5/29/2007	-0.5	-0.1				-0.6
5/30/2007	-1.8	3.1	1.5			2.8
5/31/2007	0.5	-0.6				-0.1
						37.1
		Largest	Largest	Average	Average
	Win Ratio	Winner	Loser	Winner	Loser
	54%	7.9	-1.8	2.01	-1.05
	Week1	Week2	Week	Week4	Week 5
	-1.8	7.7	10.2	16.4	2.1

Russell 6-1-07

Afternoon bullishness once again continued into the early morning session pushing the market up. The rest of the morning consisted of a retracement to seek the morning's open.

First trade of the morning short at 7:13 at 856.50 for +1.3. Second trade of the morning long at 7:42 at 854.70 for -1.0.

Net on the morning: +0.3