The majors closed the 2nd down week in April. They have pulled 50% back from the 500 points mid-March rally. The EOD selloff indicated there may be more downside moves ahead. Both SPX and RUT are below their 20 SMA on daily and weekly. These are not bullish signs. SPX may come down to the 4330 area with the 62% FIB retest. RUT already hit the 78.6% retracement and closed at the 62% Fib area. The seasonally best performing month of April hasn't played out so far.
The IB Netliq is up 9K to 165K for this Easter shorted week. The leverage is also lowered from 272 to 252. The realized P/L is -5.8K due to the RUT 2250P rollout and a failed 1 DTE IF. The collected cash is only $650. There was no major payoff in hedges for the week. I am still too cautious in trading the 0 DTE in this account.
The small accounts continue to be my bread and butter for my cash flows. The realized P/L is $54K with the 3K from the recovery of the IF rollings. The actual cash collected is about $2.46K. There were two small hedge payoffs for about $500.
I made a big poo-poo in date selections due to the holiday-shortened expiration change.
I plan to use this long weekend to study the complex order types after finishing my tax returns.
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