We are choosing to wait on adding new plays this weekend. The major averages continue to look overbought and due for a pull back. The DJIA is up more than 450 points from its July low with out much of a correction. The NASDAQ Composite is up more than six percent from its July low without much rest and facing stiff resistance in the 2190-2200 range. The S&P 500 also looks a bit extended from its July low (up 4%). One could say follow the trend, which is up, but seasonal trends need to be considered. The markets tend to peak in the second half of July and head into the traditional Q3 slump to bottom in late September or early October. Right now we'd be more inclined to add bearish plays but the market's recent resilience makes that challenging. We will add new plays to the newsletter on Monday.