SPX made another new all-time high of 5375, the 25th for the year. Today's NFP report was much higher than expected, with 272K new hires vs. 182K expected. The market sold off initially before the opening. SPS held at 5330 and rallied to a new high of 5375. Then it pulled back to 5347. The uptrend is still intack. What an incredible bull market. FOMC is the next major event next Wednesday. We may see some consolidation before it.
IBQ Netliq is down 3.7% from 187K to 182K this week as SPX crossed back above 5300. The realized P/L is $34681. It's nice to have a positive P/L. The cash collected is only $1416. I rolled NVDA and QQQ call spreads further out to squeeze more profit. The AMD calls turned out to be a loss. The Infra service has generated positive returns for me. The delta is up from -41 to -219. The leverage is up a bit from 296 to 309. The total positions are C7 -1 and P11 -0. There were a total of 57 trades. The commission cost is $220. I added one 1-1-2 for the July 19 expiration.
The 2 small accounts got deeper ITM with the new high. The two inverted SPs in IBP were exited with profits. The realized P/L is $-23632 for the week. The cash collected is -939. IBP and TOS got $652 and $-1591 each. I traded 0 DTE in TOS with a strict stop-loss order in place. It's breakeven for this week.
Lessons and Plan:
1. Stick to the stop-loss plan and build the habit.
2. Infra trading service has worked so far. The NVDA and QQQ trades were from it. I will keep doing it and believing in the odds.
3. Stay calm and disciplined. Make myself a little better every day.
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