Today

What a surprise, today. Stocks gaped up and went on and on. I haven't checked yet, but I think the volume is probably not strong. Considering 3 day labor day weekend, many traders take advantage of this whole week. Usually, the summer slow trading is done by Labor day. This year's summer has been pretty volatile, but the last few weeks have been very slow and choppy just like any other summer trading. As a trader, I like to see some more volatility. Anyway, whenever volume doesn't confirm its move, the move is suspicious. I'm thinking today's rally is in the same manner.

I waited 4 hours to take one trade, but the setup was invalidated at the last minute. Bummer. All I need is 1 or 2 good setups per day. I'm very confident with things I've been doing on ES, but I need to be a bit more aggressive.

On to Natural Gas. Wow. It was +0.8 (or +10%) before the report, but after the report, wow, dropped to almost -0.8 (or -10%). In order for me to get involved with NG, it has to come down to low 7 level while it's still fluctuating around 8. I have to be very patient regardless. If we have a follow-thru to the downside a few more days, I should be able to sell 6.5 for $2K-ish as I said earlier.