All I can say is, "what a week!"

The market took a dive again Friday in a global stock selloff that some analysts say is about China and weakness in emerging markets, with a dash of Federal Reserve rate-hike fear thrown in. Regardless of the reason, investors were heading for the hills as the trading week ended.

To say last week was volatile is putting it mildly; taking a glance at the SPX chart below tells the story. We were stopped out of both of our monthly positions yesterday with the selloff, so are holding cash as our position until things settle down. You can't win by being on the sidelines, but you can't lose either. For those of you who have followed the newsletter for some time, you will know that as a full time trader it is never easy for me to sit out of the market. However, this is one of those times I feel it is the best place to be for the time being.

Below is the 6 month chart:

SPX 6 month chart

SPX closed down Friday 65 points at 1970, or -3%. The drop over the last two days was over 100 points, and the broad index had the steepest weekly decline since September, 2011.

The volatility or "fear index" VIX spiked up towards the end of the week, the chart is shown below:

VIX 6 month chart

The VIX spiked up 47% on Friday to close at 28.03, which represented the largest weekly percentage jump in VIX history.

With no open positions on this weekend, I thought I would share the annual results for the Couch Potato Trader plays for 2015 so far. I'm pleased with the overall results, and look forward to the continuing success for the rest of this year and beyond. The results are broken down by the three trade categories we trade:

1) SPX Weekly Iron Condor

SPX Weekly Iron Condor Results:

2) SPY Monthly Iron Condor

SPY Monthly Iron Condor Results:

3) RUT Monthly Iron Butterfly

RUT Monthly Iron Condor Results:

We will continue to trade the plan and keep tight reigns on our risk management. Please don't hesitate to email me if there are any specific questions on the results or the trades. The guidelines for the Couch Potato Trader plays were most recently published on August 20, 2015, and can be found at this link: Link to Articles

Next week's economic news is summarized below:

Tuesday

9:00 am S & P Case Shiller HPI

10:00 am New Home Sales

10:00 am Consumer Confidence

Wednesday

8:30 am Durable Goods Orders

10:30 am EIA Petroleum Status Report

Thursday

8:30 am GDP

8:30 am Jobless Claims

10:00 am Pending Home Sales Index

Friday

8:30 am Personal Income & Outlays

10:00 am Consumer Confidence

Trade updates will be posted as appropriate.

As always, stay keen on your risk management and trade carefully,

Dot Hazlin