Wednesday, April 26, 2017

A Third Punch From RUT 4-26-17

RUT run up 1% before the tax plan revealed. It's the third day of 1% move. Luckily it closed with 0.6%  while SPX was barely below open. RUT made another ATH to 1425.7 and still closed above prior high. The new couple of days may tell if it can hold the break out. MACD and RSI are showing rooms above.

Made  2 trades only. Both are for hedging. Some of my RR long calls in SPY and IWM are showing profit so I sell them to buy further out of date calls to hedge for longer time. I have 3 more ITM positions for this week. I will roll them in the next two days and hope to see a small pull back.

Net liq took another punch for the third day in a roll. Net liq lost 3.8K at the end. I had to wire 10K from ET as planed. I may have to do more if the surge continues.

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