The Trick and Track Fool Market 6-19-2020

The majors closed in their positive territory with wild moves this week. The market recovered about 50% of last week's loss. The majors started a major reversing up on Monday. SPX couldn't close the gap from last Thursday while RUT and QQQ did. But the majors reversed down on the quadruple witch Friday, especially the futures in the after hour. SPX is still above its 200 MA but RUT failed to take it. QQQ stayed above the ATH range. These are conflicting info for next week. We are likely to gap down on Sunday night based on Friday's closing if there is no big positive news. The trick and track crew may surprise us again. 

My net liq is at 117K after borrowing another 15K from ET to help to roll my positions. I plan to return 5K back to ET this week. I closed my SPX 3310 long put for about 17K since it would cost 4K to roll with only 10 point gain. I plan to recover it with some smaller positions. I may try to close one RUT to reduce my risk exposure. 

My short term breakout option trading booked a small loss due to my lack of taking stops firmly. This program identifies breakout stocks with good levels. But it's just too fast to catch for me or I may not have studied it hard enough. I may look for a replacement at a slower pace. The Shadow Trader and VTS are fairly conservative.