French election turned out to what market had hopped for. Index futures popped up around 1% on Sunday night. It was mostly an one way street during the RTH. Any pull back was bought by buyers. RUT and SPX ended up 1.29% and 1.08% respectively. It appears that both SPY and RUT will attempt to retest their ATHs set in early March, possibly making new highs as NASDAQ did today. The coming new tax reform plan may be the catalyst for the run, plus the earning reports have been good. However, North Korea tension could be a negative factor hanging over head.
Made 8 trades today. 4 put exit orders filled right off the gate. I am supposedly to check my pending orders before open every morning. But I was so focused on hedging due to the low available margin. Only a rollover in ET made $300. The rest of trades were hedges.
Of course the rally hurt my portfolio. Net liq is down 10K. The portfolio will be on alert with another 1% gain in RUT and SPX which is likely. Margin is OK for now. But after I rollover 2 ITM RUT for this week I will need to put in more hedges.
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