With approximately six weeks remaining in the traditional late-summer and early-fall danger zone, the major indices are no longer moving in unison. QQQ and SPY are still holding important support—for now—but DIA has already broken its intermediate-term rising trendline and is approaching another potentially important sell signal. Tomorrow’s Weekend Update examines what the Dow may be telling us about the broader market, the critical 5% level in the 10-year Treasury yield, and two specific put-option trades we are preparing to enter—but only after price confirms the signals. Bonus Pick: PURR 180 Minute Buy PURR with both hands on a breakout move above $14.00
