The majors break even with a few points up on today's closing. I thought yesterday's selloff was a turning point. Then, today's drop and pop seem to show that bulls are still strong. The downtrend lines were broken for the majors and they are trying to hold the gains. The dovish stance of the Fed may have changed the market fundamentally.
I barely survived another week, perhaps due to the smaller market movement. I still don't have a new strategy to get myself out of this hole. Any aggressive approach requires more buying power. I may have to get a large amount (30-50K) from my IRAs since I have used up my regular accounts.
The N.L is only a few thousand above the watermark. Leverage is above 5 for the week. The delta is negative to the downside after I made an RR in SPX. Luckily I rolled my RUT bull put on the same side today. I altered my plan today. I was going to make my adjustments after 2pm. The selloff in the morning session spooked me. I didn't think the majors could stage a full recovery which rarely happened on a near 1% selling day. I was concerned that I may not have enough time to roll the 11 ITM positions across all accounts.
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