All the three majors made new ATHs again this week, especially today after AAPL and AMZN reported lower than expected earnings and fall sharply after hour, the majors opened lower. Bulls not only closed the gaps but also pushed new highs by the afternoon. They all closed at new highs except the small-cap. It was a big surprise the majors made new highs when two out of four most valuable companies were down more than 2% each. SPX reached the century figure of 4600. I don't know how the market will react when Fed announces its tapering program next Wednesday. Are they setting up a pump and dump event?
My IB netliq closed at 155,339 after sending another 10K to ETQ. Net-net about 2K increase from last week. The leverage is 263. The realized P/L for the week is -18,368, for the month is only 4320. The collected cash is only $1680. Rolling the 2 deep ITM short calls really hurt the numbers, plus the 3.8K losses of MRNA trades. I need to be more aggressive after FOMC's dust settled.
The personal accounts performed steadily. I only traded the ET account. It collected $1061 for this week, $5211 for the month. It's less than the average of the last two months. One of the reasons may be the Fidelity account transfer so I didn't trade it. I used buying back, rolling up to defend my threatened positions. It worked in mildly volatile market conditions.
There are only two months left for this year. I must keep what's working and carefully protect what I have achieved. There has not been a 10% pullback this year so far. I am not sure if this is an exceptional year.
No comments:
Post a Comment