Editors Note:

The market divergence is increasing with all the indexes negative except for the Dow. If you simply looked at all the other indexes it would appear the August decline has already begin. The Dow is the lone winner and it was a fight today to remain in positive territory. August has been down 5 of the last 7 years. August has only been up 5 of the last 20 years. Typically, the August decline begins in the second week of August. We already have multiple short positions on the market and I do not see any reason why we should add more risk ahead of a summer Friday.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays