Tuesday, May 17, 2016

New Trend On Monday? 5-16-16

Index futures recovered from gap down of Sunday night. SPX and RUT made a 1% recovery from drifting down of last three weeks. The IHS is still in play for SPX on weekly chart. The daily chart is showing a bounce after touching the lower B band. RUT's chart are in bearish side on daily and weekly.

Made 4 trades today. Sold a set of SPX July 2 2180 call spreads and SPY July 3 218 calls. Being a penny man again with SPX July 1 call spreads in ET trying to form a IC.

Risk factors are fine. Margin ratio is at 64%. Margin is still on the put side. I will continue to add positions for July.

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