Stock Market Update, Outlook, and Forecast for Week of August 19, 2013

I am expecting a bounce to materialize at some point this week. I am being slow. Just harvested the second to last Wonderwood (see names of trades above) short position per the chart below: The total for that position was 3.61 SPY points. In sum, now since the May 22 top the Wonderwood trades have gathered 24.96 SPY points (approximately 249.96 SPX points) trading in both directions off the top. Most Recent Summary. As always, I will post the exit on the remaining  Wonderwood short position from the 168.92 entry. Hope your week is well. Peace, Om, SoulJester