The majors closed this week down again on a violent Friday. It is the fourth down week base on the futures prices. The trade war is escalating on Trump's irrational behaves. Bond rates are near or at inversion which causes the fear of recession. SPX and RUT lost 2.6 and 3% today respectively. They are closed at the lows of their current ranges. We may see a breaking down next week or a retest of the bottom.
I am holding on my new rules of restricting position sizes. I have been slapped on my face during the major surges and retraces because of the added positions. I allow adding a position when one position is off. I need to do more study and thinking about this new approach.
Net liq is down to 132K again. I was hoping to send back another 5K but the big drop today made it not feasible. Leverage is up to 434. I may have to reverse more positions early next week.
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