It was a half of trading day before the July 4th holiday. The majors opened in positive territory. The small-cap led the push-up. It looked like the retest of the breakdown point of last week. QQQ started selling off before lunch. It dragged SPY down and made IWM gave back more than a half of its gains by closing. This Friday has two conflicting events: The NFP of June and starting date for tariffs to Chinese products. Don't know which event will gain an upper hand. But the earnings session is right around the corner.
Made 21 trades today. Most of them were for the clients. I closed some ETF put spreads to cover part of their cost. Rolled some weekly ETFs to extend their positions. Most of the ETF calls lost their value. I have collected some profits before this downturn.
Net liq is down 1.6k with RUT up. The margin ratio is fine until the end of this week. I get a day off tomorrow.
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