It looks like a turn around Tuesday after a near double top of last two days. SPX and RUT lost 1 & 2% respectively. MACD for both turned red on daily but the are in positive territory on weekly. We may see couple more days of pull back to Fib 38-50 range before another attempt to go higher. Also ECB announcement is this Thursday and FOMC is next week. There is likely volatile moves on these events.
I got some relief from today's pull back. P&L and net liq increased $13.8K and $15.1K respectively. I wasn't able to close any call positions but added couple puts to take advantages of free margin. I may add more puts to April if the pull back continues tomorrow. There are some IC 2 or strangle opportunities on the puts side.
Risk factors improved quite bite. Net liq is back to 200 K. Margin ratio is at 35% from 26% of yesterday. I will work on to bring it back above 40%.
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