Crude oil continued to slid for about 2% and dragging indices down. Major indices stayed in negative territory and closed at low of the day which is uncommon for this market. Hopefully this is the beginning of summer retrace. RUT and SPX closed down 1% and 0.67% respectively. It's the first time down 1% for over 30 days.
Made 13 trades. Sold some early August SPX bull puts. Put in couple more SPY and IWM for weekly scalping. I am still developing the rules for it. Remember to keep it small and be flexible. Don't fit and force trades. I also rolled couple SPY and IWM hedges.
Net liq recovered 9.1K and margin ratio is back inline for now. I will treat this pull back as temporary unless some key levels are broken. MACD is crossing down on daily. So we may see a little further downward movements.
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