The terrorist attacks in Brussels shook the futures market overnight. Indices gapped down at open. Like many people I thought that we would see a big down day with the blasts in Brussels. Then I remembered that the market didn't react with much fear when the terrorist attack happened in France. That gave me a little hint but I didn't think the market could blast to a new high of this week. Bulls really had it today. It took out the high of yesterday of SPX. The closed only slightly below yesterday's closing. SPX is hanging on Fib 78 and RUT is struggling on 50 SMA and FIB 63. There may be a chance of retrace from here if bulls can't break it up.
There were four orders today. All of them are closing positions and buying to hedge. I got frustrated for not getting much in my way today. I couldn't focus on trading nor take care of other matters. I felt so sleepy after lunch too. Next time when it happens again I should take a walk or play wee.
Risk factors remind about the same. I did reduce some naked puts and excess fees. The 400 SPY short shares still weighing on my portfolios. I will try to sell some SPY or SPX puts tomorrow to reduce my negative delta.
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