The majors started to turn around when June began. All it took was that Fed members provided dovish comments. The majors were boosted expecting rate cuts soon. Fed is powerful but often played by Wall Street. The Street is a crying baby and the Fed act like a baby sitter. SPX and NQ made a bullish engulfing on weekly. RUT recovered the lost ground of last week. The bulls are back now. There is likely more upside movement near term.
I started to adjust my portfolios early in the week. Using delta has helped me to prevent my holdings totally out of balance. That's a lesson I learned a hard way. Although my hands are tight with available. I realized that I had added too many bear call positions during the slide in May. That is a dilemma I often face. I seem to not have many choices when the market is volatile. Try hard to find more ways to improve my practices.
Net liq held above 140K. Options value is below -400K and the leverage are in high 3s.
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