Tuesday, February 7, 2017

Holding and Waiting for What?

There is still no clear direction for SPX and RUT although DJ and NQ made new highs again today. The narrow range bound continues. From the charts SPX is more bullish than RUT. MACD on RUT weekly is about to cross down. But the bull flag pattern is still intact for both SPX and RUT. No sign of the up trend is broken even after a 0.5% p/b by RUT.

Made 8 trades. There were exits and hedges as it has been lately. Put sales didn't get filled. No premium collection is also a kind of loss. I will look for other symbols to trade once I get some breath room.

Risk profile is OK until end of this week. I don't see any bear call position likely off my book this week after one exit of SPX call last week.

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