Thursday, January 26, 2017

A Day for Breather 1-26-17

Market took a pause today. SPX closed barely down a bit still holding at high. RUT pulled back 0.5%. It stayed within its balance area. MACD of RUT is crossing up, indicating a possible of another leg up. I got a little breath room today. It may not last long unless the other indexes retreat from their ATHs.

Made 7 trades today. Rolled out 2 ITM RUT calls expiring tomorrow. Bought back the last 50 shares of SPY at high just to reduce margin and possible further squeeze. Made couple hedges too. Margin switched to the put side for now. Finally collected a little over $270 premiums, ending a 7 day no premiums record.

Net liq got a 6K relieve. Margin ratios are at a OK level. Tomorrow's GDP, durable goods order and earning report may boost market if they are better than expected.




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