The market doesn’t seem to know what it wants to do. The week was a low volume affair. It felt like a typical summer market. There wasn’t a lot of news to move the market. The Dow and the S&P 500 broke through a supporting trend line and is now retesting that level with both indexes ending essentially where they began. We are now moving into the National Political Conventions leading up to the election. Volume will soon return to the markets and it should begin to get interesting. It is still my opinion that we will retest the lows from July with a cathartic selloff and the beginning of a more consistent bullish sentiment in the markets. Right now there is still a lot of indecisive and range bound trading. From a trading perspective, it is a good time to sell premium with Credit Spreads, Iron Condors and Iron Butterflies. The directional game is just too tough right now. Robin

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