The SPX finally broke out this Thursday after a worse than expected CPI report. The inflation was expected to be +4.7% for May. The actual number was reported at 5%. The market shrugged off the bad news and pushed it up across the board. SPX made an ATH of 4249, slightly above the previous high of 4245 back in May. NQ and RUT are approaching their previous highs as well. A double top scenario is still possible if the break-out is no decisive next week. Seasonally there is not much time left before a pullback in late June.
My NL closed at 144K after I paid 5K back to ET. It's about a 1.2K increase all together for this week. The leverage is down to 2.7 v.s last week's 2.93, the lowest read for the year. The collected premium is only $340 after spent 1K to roll the RUT bear call of 1730. The realized P/L is $1.9K. It's now recovered from the drawdown of May. The small accounts continued to perform well and so far no losing trades for the 0 DTE. My long ETFs hit their targets. I am off most of my short-term ETSs. ST's Google BF call doubled. Overall, it was a profitable and lucky week. However, my RUT SC was pushed through by 81C in the last minutes today. I will try to recover the $90 next week.
I need to stay nimble and small next week. I closed 2 each long puts in SPX and RUT. I followed my rule of -1+1 this week. It must be the same rule to obey for next week.
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