The majors continued the rally but stalled at the end. SPX and RUT closed slightly up in almost Doji-like bars. They have moved to the upper side of the Feb-March ranges. We may see some attempts to retest the January breakdown areas and rangebound for a while. Notice that the majors are below or at their 20 wk MAs, broken their weekly downtrends.
For the last week of March (excluding April 1) the IB Netliq is down 4K with 10K sent back to ET. The realized P/L is -29K due to the rolling of the SPX 3375 SC. The pullback on Wednesday and Thursday didn't help either. The leverage is at 2.55. The premiums collected are $3.7K thanks to some of the directional hedges that went into the money.
The personal accounts performed fairly. There was one big loss (-800) in TOS PS during the last 30 min selloff on Thursday. The total P/L is $1,010 for the week, about $1K less than last week.
March is in the rearview now. The results of the month are:
IB Netliq is 170K up from 108K of Feb. The cash collected is $15K, recovered partial loss of the $25K in Feb. The realized P/L is $41K compared with the $18K of Feb. The leverage is down to 255 from 440. These good results are mainly the recoveries from the Jan-Feb drawdowns. The portfolio is still very much market-dependent.
The 0 DTE in my small accounts is still my income generator. The realized P/L is $7.6K, about 1K up from Feb. Feb was a more volatile and shorter month.
Placing stop-loss orders is still my major weakness. Once I have hedges on I relaxed my rule of stop losses. Also, remember that the unlikely sudden moves in the market are the main risk factor.
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