The majors are under pressure. On top of the trade war uncertainty, the impeachment inquiry added more pressure to the market. Any related news and rumors could move the market up and down. MACD is pointing more downside movement.
I wasn't quick enough to add more ETF positions to the downside. I had thoughts to buy downside hedges but no clear plan. I need to map out my "when and then" plan in the morning and execute it without much emotion and "what if" hesitation. I will edit my "Rules of Leverage Reduction" to make it more practical and clear over the weekend.
Net liq is close to 150K after taking out 2500 for my regular and additional withdraws. The leverage is at 370, slightly better than last week. I was able to reduce two small RUT and one SPX puts. But add one SPX put back with my old, bad habit of risk high for a small gain. I made my first swap between RUT call and SPX put. It's workable despite a bad timing early this week. SPX may be easier to exit in percentage terms, but not in margin requirement.
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