The bull market is still intact, in spite of all of us doubting Thomases. The Russell 2000 Index (RUT) closed up about $6 to $622 while the S&P500 Index (SPX) closed up about $10 at $1098. RUT had a strong run upward this morning, but it stalled at the resistance level set earlier this year at $625. RUT has been trading just below $625 for four sessions now; it is looking for some news sufficient to break through $625. SPX broke through its resistance a few days ago and now appears to be struggling with the $1100 mark; for three sessions, it has bounced off of that level; today it broke above by a thin dime just for a couple of minutes.

As I am writing this blog, AAPL has not yet announced its earnings, but the weak price moves on AAPL Friday and then again this morning caused me some concern so I closed my AAPL double calendar for a loss of $850. My Nov iron condor stands at a P/L of +$1900, delta = -$36 and theta = +95. I will begin to look for opportunities to position my Dec condors within the next week to ten days.