Finally saw a down week in the markets though not much of a move lower thanks to Friday’s move. Interestingly enough, Friday’s move closed right at the linear regression trend line from the 2009 lows [chart]. I would not be surprised to see a move higher into the Jackson Hole Symposium next week which starts on Thursday. The really exciting news is that Labor Day is almost here which is followed by the September FOMC meeting on the 12th and 13th. I think that September’s option expiration week (the week after the FOMC meeting) is when the market will once again be kind to premium sellers like myself.

Enjoy the links and your weekend!