Wednesday, April 6, 2016

Reversal On Fed Minutes 4-6-16

Fed minutes revealed dovish sentiment during its FOMC meeting last month. Indices reversed to the upside. SPX and RUT closed their gaps from Monday. It appears bulls want to push higher. The next couple of days will tell the real interpretations of market regarding FED's statement.

I had only two trades today. Closed a SPX put for this week and sold a SPX call CS for May 5. I followed my rules not selling before the Minutes release. It's OK that I missed the morning's selling.

Risk is the same. Margin is near to switch to puts now. I am making progress in switching to TOS. Talked to a rep for the area.

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