Sellers Failed Again 2-24-17

Index futures dropped overnight with European market indicated a lower opening for the US markets. The same pattern of "down in the morning and up in the afternoon" played out again. SPX closed 3 points up and RUT closed 0.4 point down recovered about 10 point loses. When there are more buyers than sellers then the market would hold up. SPX appears stronger than RUT in terms of price action and indicators.

Made 13 trades. Sold couple late Mar put spreads for clients during the short period of down push. Sold one set SPX put spreads to pair with my Mar 3 deep ITM calls in ET. The rest of them were hedges and exit positions. Get to prepare for a possible up swing next week with the State Union announcing the new tax plan and other changes from the new administration.

Net liq stayed about the same since market closed basically unchanged. My margin ratio is adequate for the weekend at least. Need to try harder to learn a new directional strategy.