A turn around Tuesday as expected. RUT led the pack and closed its gap from yesterday's down turn. It reached over 1% during the height of the day erased the loss of yesterday. The plan of releasing tax bill is pushed to Thursday. So the main event for tomorrow is fed meeting. Market doesn't expect much of changes from the FED. So there may not be much of a move unless Fed surprise the market with something unexpected which is very unlikely. Market is coiled for the tax bill to get another jump. Would we get a sell on the news? All the talks in media is about going up.
Made 8 trades today. Lock and rolled couple QQQ longs. Also rolled the other small cars to extend my hedges. Couldn't get into large cars today. I missed the morning pause. I will have to be more decisive tomorrow.
Net liq fall back below 120K again. Margin is still on put side and the ratio is at 38% now. It should come back up after the month end expiration.
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