The majors booked a green week in the last 4 weeks except for YM which had two weeks. SPX and RUT both recorded new ATHs. RUT has decisively broken out to the new high with near 2% above while SPX just hit the new high with about 10 points but didn't close above the Feb high. Let's see if SPX could follow RUT to make a decisive breakout and break the double top. NQ is far behind the others. It broke out its downtrend and held above it for the 2nd day. But NQ is still below its 50 D MA. Would NQ play catching up or drag the other majors back?
My net liq recovered handsomely. It ended at 129K after I paid 15K back to ET. The leverage is at 314. Both levels haven't been seen for more than 6 months. I may be able to pay back the 15K loans from January within this month. I think the two risk reversals from bear calls to bull puts that were inline with the uptrend helped. Seasonally the market is back into a bullish period. The rising bond rate is still a concern. But the market tends to climb a wall of worry.
I finally unwinded the bad 0 DTE trade I made in ETP. The failed stop gave me weeks of pain. I must take the day stop as part of normal trading instead of enduring long-term pain. It will be my turning point in trading. Look at the success stories in the FB group. I can do it if the others can. It takes some self-discipline and change of thinking.
No comments:
Post a Comment