Wednesday, October 18, 2017

RUT Turn Around? 10-18-17

As the earning reports continue SPX, Down and NASDAQ keep grinding up. The divergence of RUT didn't last long. It turned up 0.5% today, appearing to form a inverse HS after retest of its last break out area. yesterday. Watch to see if it will form a lower high on daily. Market may break out again when the senator vote on tax reform procedure in next couple days. Tomorrow is the 30 yr anniversary of 1987 market crash. Don't expect it will repeat itself.

Made 7 trades with only one ITM RUT rollover in ET. I bought another RUT 1540 next week call for $75 to hedge a possible break out like I did last Friday. The rest of trades were just roll up of my small cars. Didn't even look at ETF and Stock trades.

Net liq gave back more than the gains of yesterday. Margin is at 50% but predicted low for the weekend. I have 5 large cars to roll for tomorrow's expiration. It's going to be a busy day tomorrow.

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