The indexes grind up for the third day in a row. The fear of a trade war in steel and aluminum has quickly faded. Dip buyers are active but no major resistance lines are broken yet. The news of Gary Cohn resigning from the administration sunken the futures for about 1%. Will see how it plays out overnight. The effect may be short-lived.
Made 6 trades again. I only rolled some near-term positions. Tried to sell some naked calls in indices for my clients but no fills. I may sell some bull puts tomorrow if the selloff is not too bad overnight.
Net liq suffered again. The margin ratio is at 40% but should be ok for the next day or two. It may be switched to the put side with the overnight price drop.
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