The US market opened lower this morning following the Europen and Asian markets. The majors reversed up when sellers couldn't couldn't break last week's lows. They closed into positive territories, as QQQ and IWM gained more than 0.6%. It looks like a reversal day to the upside or at least the selling is halted with the July 4th holiday on Wednesday and NFP report on Friday. The market may also accept that the trade war will be a reality soon.
Made 18 trades today. I tried to close some of my ETF puts to recover part of the cost with a little luck. Also, added ETF calls when I realized the reversal may be underway. Some exit orders were filled. I added hedges in both SPX and RUT.
Net liq stayed at 114K. The margin ratio is above 50%. I expected it will be a slow afternoon tomorrow as people are getting ready for the holiday.
No comments:
Post a Comment