The big news for today's market was AAPL's disappointing earnings announcement. But the overall market seems to be stabilizing (famous last words?) and maybe that helped stop the slide in AAPL. 

SPX closed at $1338, flat on the day. RUT traded down $2 to $769. It appears as though the 50 dma on SPX is acting as support with price action touching it yesterday and today. Trading volume was down a bit with 2.8 billion shares of the S&P 500 trading. Volume was down 3% on the NYSE and was up 1% on NASDAQ. VIX relaxed by a little over one point to close at 19.3%. 

Based on yesterday's weakness, IBD downgraded to "Market In Correction" last evening.

New home sales came in at 350k for June, down from May's 382k. Existing home sales will be posted tomorrow. Many voices are claiming to see the bottom in real estate. But that seems to depend largely on where you are in the country. 

My Aug RUT condor stands at a P/L of +$2,080 with delta = +$8 and theta = +$54.