Market was up after early morning pull back. It turned down after the news of Senator would delay vote on healthcare bill. The selling accelerated into closing. SPX closed down 0.8% and RUT gave back 0.9%. NASDAQ is the loss leader, down 1.6%. The three indexes are on the lower edges of their current balance area. It's likely that they will hold their current balance areas giving the strong bull market. If they fall back to next balance area below it may be the beginning of the summer pull back.
Made 12 trades today. Rolled out 3 of my ITM calls. I have two more to go. I sold couple of SPY for income in the morning. Now they are threatened. They will expire in a week. I have plan to deal with threatened positions. Sold early August SPX put spreads. Also sold couple RUT ratio hedges to reduce fees in put side.
Net liq is up 5.6K. Margin switched to the put side. Margin ratio is lowered to 43%. I will continue to hedge on both sides now. Let's see if we get a follow through tomorrow.
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