The bulls couldn't keep the market up for the last day of the month. It gave back all of the overnight gains. Although the losses are less than 1% for all of the majors they closed near their lows of the day. The majors are forming a wedge with lower highs and higher lows on daily charts. MACDs are turning lower too. I don't think there will be a major break out until This Wednesday's FOMC and Friday's NFP.
Made 20 trades. A half of them were exit orders. I mainly rolled out these ETF calls since they were losing values and near expirations. I don't plan to make major trades before FOMC even though the market doesn't expect the Fed will raise the rate at this meeting.
Net liq is still at 123K range. Margin ratio is above 60%. The month-end expiration could bring it down somewhat. The margin is switched to the call side now. I will add hedges tomorrow.
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