It's more and more like last Jan. Bulls just keep pushing and won't let the gas paddle go. All majors logged another ATH. It's like a daily normal thing to make new highs. Only RUT pulled back about a half of its gains before closing after hitting upper channel line and Fib 50% target. Needless to say that my account was squeezed further.
Made 12 trades today. Rolled up and out last two sets of small long call spreads and booked some profits. Also rolled up next week's SPX and RUT bear call spreads on this up day. It's been tough with this one way market. Bought hedges on both side.
Net liq dropped below 100K during the morning push. I had to wire another 10K in to fend it off. I didn't realize the market would be closed on Monday for MLK. I am paying 8% interest in the borrowing accounts. I will have to roll my positions from bear call to bull put next week, hopefully with a little pull back that would last for few hours. Margin is OK for this weekend after hedging.
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