(I) UPDATE
* Went camping after last update --> too busy the days before and after...
* This blog has to be less frequent from now on... --> too many things in life going on....
* Not trying to hide, just no time / energy to catch up to the mkt news, etc --> thus, can't write quality stuff

(II) ISRG
What happened to my positions?
I didn't write earlier, but here's the story:
* I had a mental stop @118
* Although I don't check quotes every minute, but I do work hard --> i.e. watch last 30 minutes of trading prior to earnings
* Lucky this time, ISRG earnings come out 10 minutes early and ISRG -10 moments after..... at 3:55pm EST
* If I put in hard stop @118 --> don't know if I could get 118, since the $10 drop from 120 is so fast
* After i saw 110, I put my order in --> I got my fill at 112, a small bounce happened
* Lucky is that next day ISRG around 100 all day and now 97?
* Never let a loss grows big!   even if not sold @112, should have sold the gap down @100

(III) CME
* had been watching it since the ISRG damage --> as its TA is bottoming and reversing

++ Bought @460 on Aug 2 --> saw it dips to 452 moments after...
++ Bought more @480 on Aug 4 early morning (s&p 500 inclusion announcement Aug3 after mkt closed)

+ Downside risk @480 is so low --> as s&p announcement usually = bullish
* Days before inclusion to s&p = up 10-15% --> e.g. sndk, cnx, vrsn
* This play is almost riskless --> if not for the Fed's rate decision (that could mean big move down)
* But with most risk taken, comes with reward potential --> Fed event = higher volatility and potential for a wilder ride up

Now expecting (& patiently waiting) a move to $500 by Thursday
+ Monday: no pullback to $480 --> a sign of strength, as Dow -50, CME bases around 485 -- above day-low opening price of 484
* Tues: moving nicely away from 487 area --> 490 looks like a pause, a range expansion (up/down) is a sure thing -- $500 in sight

Outlook:
T - post-Fed move = 60%up, 40% down
* IF +150Dow, +20 to $508 is in sight
W - ? a follow-thru day of Tues' (up or down) move?  to $520?
Th - ? how to play the ramp-the-close

* more on trading plan after seeing Tues' post-Fed move