With the news of easing trade war tension, the global markets rallied overnight. It was a trending up day during the cash session. All of the majors closed up near 2% gains. There are signs of broken downtrends. MACD of the majors appear bottoming and turning up. The main question is what should I do now. Buy long calls on any dips?
Made 6 trades. Sold couple more bear calls for my clients. I rolled out my ITM expiring SPX 2750 to next week and collected some premiums. I did it too early so didn't gain any points. Beware of geopolitical risk and trade war news. Bears may not give up so easily although the earning session will start by the end of this week.
Net liq gained 2K and stayed above 120K. The margin ratio is at 35% while pressure is still on the put side.
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