The bulls won't even take a breath. SPX and RUT both closed up 5 days in a row. SPX made another new high closing at 2259.5. Both are closed outside of their Bollinger Band again. My net liq didn't get much of any relief, luckily that RUT only gained 0.11% with a gain of 5.6% for the week. With the FOMC for next week I am not sure how the market will react. So far it seams no body cares about FED any more. I hope that people will return to their economic common sense soon and my account will last to cover from it. Right now the market is chasing the performance before the year end.
Made 6 trades today before I had to go to Clemson to pick up Alissa. I followed my plan to wire another 15K from my 2 ET accounts to make it through today. I rolled all of my ITM expiring positions out. Luckily with some ATM protective calls so reduced a little loss and built more hedges for next week. Right now the emotion of the market is so high and money is chasing quick returns. Fundamental and technical analyses are not major concerns.
Net liq is barely above water mark at 114.7K with the 15K wired in today. It probably won't survive another 1% pop. Margin ratio is at 48% and IB prediction for post expiration is slightly higher for Monday. I will test if I can roll out much further to reduce margin. I don't have many out of the money positions that I can take off. Net liq will increase only if the market pull back some or adding more money to it. I don't have much extra fund available after the 45K injection for the last 2 weeks. Surviving this draw down is my first priority now. I will fight to my last resource.
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