20130528
Short 3 TF 1001.9, 1001.9, 1002.2, +.5, -1.1, +0.5
Short 2 NQ 3032.0, 3034.0, -1, -3
Short 2 ES 1670.75, 1670.5, +0.5, -0.75
Short 2 TF 1004.2, 1004.3, +0.5, -0.1
Short 2 TF 1004.1, 1004.4, -0.4, -0.7
Short 2 YM 15501, 15501, -7, -7
Short 2 YM 15506, 15505, +7, +12
Long 1 TF 1003.0, +1.0
Long 1 ES 1665.0, -0.5
Long 2 TF 1000.5, 1000.5, +0.5, +1.2
Total YM +5
Total ES -0.25
Total NQ -4
Total TF +1.9
A student observed that the TF gave an ORB breakout signal today, and would have captured the early explosive Gap-n-Go rally that followed. But it was clearly eye-of-the-beholder, and I didn't recognize it. Faced stp-outs at the turn signals at the highs, except YM, so was mostly playing catch-up to losses in the early going. Big gaps often suck the energy right out of the markets, but today, it was more of surviving the slop at the turn signals, so is hard to learn from one's stp-outs on a day like today. Sometimes, just treading water is an ok day.
