The Fed is in play again. The expected dovish statement boosted the market. SPX made a fresh new high the day after the FOMC announcement. It was a triple top. Maybe the third time is a charm. If the high is held then we may see SPX reaching 3000. While NQ and YM are not too far from making new highs, RUT is still far away from its ATH of 1746. The G-20 is another big event at the end of next week. The direction of the trade war is another market mover after the FOMC.
I was able to reduce the numbers of our positions in long puts as the market is holding up. I had too many long positions from aggressively rolling the short calls. It's hard to catch the rapidly moving market. SPX is up 7% this month so far and up 17% for the year.
My net liq is almost back to 140K after paying back another 5K to ET. The leverage is back above 40 which I need to watch it closely. The Options value is also above -400K. That is a key figure I need to reduce.
I haven't made much progress in selecting a new program. I should work on it over this weekend. I need to define my objectives and criteria clearly.
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