SPX Trade Plan for March 2 Weekly Cycle and Year-to-date Results.

The 6 month chart for SPX is shown below. Yesterday's close of 1873.81 was just .10 shy of the previous day, the all-time closing high. From the looks of the pre-market action this morning, today could be another record close.

SPX six month chart:



The plan is to enter a Credit Spread for the March 2 weekly cycle tomorrow. The monthly Non Farms Payroll report is being released at 8:30 est., so I will wait at least the first hour before entering. The 20 day EMA is currently at 1841.50, so the next trade entry will likely be a put credit spread once again.

With the first couple of months of 2014 behind us, I also wanted to share the results for the weekly credit spreads. The summary is shown below:

2014 Credit Spread Results:



The year-to-date return is currently averaging 2.2% per week on actual margin/risk.

I will post trade entry details when the new position is opened tomorrow. As always, if there is a one standard deviation move, the position will not be entered until the market settles back to within the guidelines.

As always, stay keen on your risk management and trade carefully,

Dot Hazlin