Friday, May 25, 2018

An Inside Day Before The Long Weekend 5-25-18

The market was just marking its time within yesterday's range. The daily MACDs are near a crossing down but the bull flag pattern is also in place. It will play out one way or another. We may see the battle after this Memorial weekend.

Made 13 trades. Five of them were exit orders. Sold SPX June 4 put spreads in the empty spot for clients. I had to roll out the two ITM bull calls as the indices couldn't move higher today. I will try to pill them off next week.

Net liq is in range. The margin ratio is above 50%. The predicted balance is about the same as today after adding a couple of hedges.

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