The Majors continued rallying this week except for the small caps in the choppy range. The virus spreading or just the fears appear slowing down. The economy is not getting any better though. The jobless claims reached 5.3 million this week. SPX rallied almost 4% this week. It's parked right at its 50 SMA after today's 2.7% rally. After passing Fib 50%, the next target could be the 62% RT for SPX. RUT is the weaker one. It only hit its Fib of 38.2%.
My net liq closed at 93K. There is no position for this week after I reversed my SPX 2640SC to June 18 2950LP yesterday. This was a timely right move. The leverage is at 67. I am still in a hard and rock place.
My hedge of ES puts ended with a total near $5K loss. I am still bad at stop losses. This is my deadly bad habit. I kept hoping for a sudden drop. I totally ignored the price action in front of me. If I had stopped the loss and didn't flip the SPX 3250 to short call for $6.8K my net liq would have got back to 100K level now.
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