Monday, April 16, 2018

The Bulls Are Back 4-16-18

The futures jumped higher on Sunday night after the strikes to Syria didn't cause much of panics around the world. The US indexes gained near 1% by closing. The three majors are on the upper part of their current balance areas now. There are still rooms to go up further before strong resistance areas.

Made 10 trades today. I was mainly working to cover the cost of lock in some profits in the small cars. I closed my first VXX put spreads with a nice profit. It falls pretty hard today.

Neg liq stayed at 125K level. It may soon tip over to the call side if the advance continues. The margin ratio opened lower this week but should be fine until late part of this week.

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