Market took some clean deck action early today. SPX went down to test last Friday's low of 2003 and bounced. It recovered most of it by the end of the day. On the other hand RUT took a straight dive loosing 1.6%. Over all it's a waiting pattern. It appears trade is expecting a positive response from FOMC. But we will see. Some volatility is for certain. I will wait for the market clearly showing its direction before adding any new positions.
I bought more RUT calls to reduce margin and prepare for potential rollover. There were no new positions added.
Risk factors recovered with today's pull back, especially on the drop of RUT. Margin ratio is about 27%, still shaky. Leverage is at 36. I will reduce my positions and trading activity in RUT from now on.
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