There was no follow through to yesterday's sell off. Bulls took control back after a brief lower test in the morning session. SPX and RUT took more than 2/3 of their losses back from yesterday. Market was positioning for tomorrow's NFP with optimistic view. The news just broke out this evening that US launched missile strikes strikes against Syria. Futures market is down about 0.5% as of now. It appears that the strike is limited to an airfield of Syria. This developing event makes it harder to predict tomorrow's market.
Only made two trades today. Both were RUT call hedges for next week. With RUT pushed up near 1%, closed at 1364 I may not be able to exit my bear call of 1360 tomorrow. I will stick to the last 1-2 hr to either close or roll the position. The best thing I can do is to follow my plan and stay disciplined.
Net liq gave back 9.4K. Margin ratio is healthy as predicted for this week's expiration. I will continue to deal with the draw down week by week.
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