DJ, SPX, NASDAQ and RUT reached new all time highs today. SPX is up 0.5% at 2473, above my estimate of 2470. Are we going to see 2500 soon? RUT surged up later to close near 1%, at 1441. Positive earnings and Crude inventory draw down pushed market up across board. Both SPX and RUT closed strong pointing to a likely continuing upward for tomorrow.
Made 10 trades today. 4 of my exit put orders were filled but no hedged calls. I rolled out QQQ and IWM directional calls to extend their life. Sold 4 bear call spreads for clients. Some of them were filled after cash closing. None of my ET roll out orders got filled. I may have to make debit roll instead tomorrow.
Net liq lost 11K on this break out and took my value down to 117K. I may have to wire more funds in before the weekend if the bulls keep push. Margin ratio is down to 31% and the projected excess post expire is below 10K in yellow warning now. I will have to bring it up to 30K no matter what market conditions are.
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