I was in Fort Laudel late last week for a short family vacation. I didn't write my weekly journal last week. S&P started falling back after making an ATH in late April. RUT is in the same pattern of a pullback without making ATH. The trade tension is putting pressures on the market. The MACD daily is showing some signs of oversold but the weekly just started crossing to the downside.
It was the 2nd down week led by RUT. After the 2-3% selloff on Monday, the majors held in range. It looks like March's pattern so far. It could turn out to be last Oct's selloff after earnings ending. I was able to exit most of our long puts last and this week which reduced some risk to the downside. I may roll up more short calls if the majors stay in range next week.
Net liq is at 145K after I paid 5K back to ET. Leverage is below 4 for the first time in a long time. The value of my options is at -401K. Hope I can get it below 400K.
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