Thursday, June 8, 2017

Sector Rotation for Small Cap 6-8-17

ECU held the rate at 0 unchanged. Comey testified in Congress. I even watched a half of it online. It didn't move the market much. UK parliament election result is coming in tonight. It appears the Conservative Party lost its majority ground. US futures market recovered from initial fall. It appears the three highly anticipated events have not had any major impact on the market. SPX closed flat but RUT closed up 1.35%. It appears risk on for small caps to lead the charge. RUT moved into the last ATH area. SPX is close to make another all time high tomorrow. Nothing could stop the bulls so far.

Made 5 trades today. Other than one RUT ITM rollover the rest of them were hedges and exit put. I had hard time to get hedging calls to fill. I will have get more hedges as the margin for this weekend is predicted short of 15-20K to a safe level.

Net liq took a 14K hit and down to 126K as RUT advanced. Margin ratio is still above 50% before this weekend's expires. I will have to wire funds from ET again if RUT pops another percent or more. It's a tough June so far.

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