The stock action is what you’d expect in August, choppy, with no direction.

A few trades here and there may pop up but mostly cash seems to be best to me still.

VRX was a perfect example of how many earnings releases have been affecting stocks, but in double speed.

VRX ran up hard and then came all the way back by the end of the day.

Chop!

SPY was acting great and broke higher into new highs but then reversed on strong volume.

This tells me we’ve got a correction coming.

Time will tell but I think we should get some deep value in a quick strong move lower.

Have wonderful evening.