The majors closed in negative territory this week. SPX fell below the 3000 marks. RUT is still the weakest. It appears the tops are in. The market may be retracing before the FOMC at the end of the month. It also could be the beginning of the summer pullback.
My portfolio is stable with the delta in ranges. I couldn't exit any positions due to the pullback. I am a little too heavy on the long put sides which worked during the runup from early June. I had a short IWM put didn't work out. I think this wave of the upswing is over unless the Fed surprises the market again. Earnings season is muted so far.
Net liq is still around 150K after I returned another 5K to E-Trade. Leverage is at 370s. I think the slow uptrend provide me a stable portfolio.
My new strategy search is stalled after disappointing C-2 and Stockhoot results. I am back to consider trading ETF or stocks. The key is to overcome my fear of losing. I need to build a clear and calm mindset. Back to the research again.
No comments:
Post a Comment