Trades!

The charts look ripe for a resumption of the bear market. Volume on this quick rally is anemic. Correlation between stocks is the highest it's been since the '87 crash. Finally, option implied volatilities are actually lower for short-term than for longer-term expiration dates. Time to wade back in. And the drop in long bond yield is outrunning the Dow to the downside.

Buy 10% position in EDZ @ $40.74.

Buy 1% position in Aug SPY 102 puts @ $1.31.

This is a nice little bet on the SPY retesting this years' low.