It was a short week with the Memorial Day long weekend. The selloff accelerated as the trade tensions expanded into Mexico. The Sell in May carried to the end of May. The selling process has been methodically measured. There may be another push down to make the market panic. Otherwise, we won't see the bottom forming.
I have been trying to reverse my positions based on the deltas of each portfolio. I didn't do it quick enough. So the net liq has reduced. I need to add more forward thinking and prediction to my rolling actions. I was too conservative earlier this week. The selling may continue for another week or two. RUT has given back almost 10% from its April high while SPX is about 7% lower from this year's high.
Net liq is at 138K which is about 10K lower than the end of last week. Leverage is back above 4 now. I need to act ahead of the curve to prevent any big damages in case there is another waterfall near term.
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