The bulls kept pushing up mainly on the China trade talk news. Despite some earnings disappointment, the majors booked another week of gains. SPX passed its 50% retracement while RUT is approaching it. The majors are in overbought conditions based on RSI and MACD. They could continue to push to extremes just like the oversold conditions last December. The retest of the recent lows may be delayed.
I tried to adjust our holdings based on the deltas. But didn't get any pullback for the last 4 days. I only reversed one RUT from the bear call to bull put and some split rollovers. Deltas are still slightly in negative readings. I wasn't aggressive enough although previous experiences taught me differently.
My net liq closed below 100K at 98700 during the 1% pop on Friday. I should have reversed one more position from bear call to bull put last Thursday despite the 1% pop. I tend to guess or hope the next move of the market is in my favor. This unrealistic tendency has cost me dearly. I am starting to think the two opposite possibilities and form my plans accordingly.
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