The S&P 500 is negative now. Remember what matters is the slope of the 50 day moving average not the 50 day moving average itself. Stocks are still vulnerable.

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We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers. **SPY** saw excess put action and heavy volume for a second day. No names saw unusual call action.

**The rows in the options matrix are as follows**:

**Curr Vlm**= Current Option Volume for today**OpVol20**= 20 day Option Volume average**% Delta**(*sorted descendin*g) = Curr Vlm/ OpVol20 * 100**Sym**= Symbol**20 HV 100HV 252HV**= 20 day, 100 Day and 252 Day Historical Volatility**Slope**= The slope of the historic vol**Delta**= Change in slope**cOptInt**= Call Open Interest**pOptInt**=Put Open Interest**cVolum**= Call Volume**pVolum**= Put Volume

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It appears for the time being that 2000 on the S&P 500 has become resistance and 1900 is back as support.

We have added the price target from the Alpha Intelligence Stock Scorecard into the weekly update. All stocks are below their price targets thanks to the pullback except one. ETFs recommendations can be found in The Madison Letter. In 2014, this will be updated each Friday with Market Crash Indicators.

Remember these returns are total returns with the average change for all winners and losers is 7.44% per idea. Our batting average of closed winners and losers is 70%. The portfolio is up 826.06% and from inception when it began at 0% in April of 2008. We began 2013 at a value of 478.60% so we had a very nice gain for 2013 ending at 732.40%. So far this year we are up 77.03 points or 10.51%. The performance on the Uncommon Wisdom Daily Portfolio Tracker is a bit higher due to dividends which they add in. We have never added in dividends so our weekly results are understated since 2008.

]]>We highlight unusual options activity with unusual volume activity The third column from the left will highlight such outliers. **Arcelmittal (MT)** saw unusual put action as it tries to find a bottom.No names had unusual call action.

**The rows in the options matrix are as follows**:

**Curr Vlm**= Current Option Volume for today**OpVol20**= 20 day Option Volume average**% Delta**(*sorted descendin*g) = Curr Vlm/ OpVol20 * 100**Sym**= Symbol**20 HV 100HV 252HV**= 20 day, 100 Day and 252 Day Historical Volatility**Slope**= The slope of the historic vol**Delta**= Change in slope**cOptInt**= Call Open Interest**pOptInt**=Put Open Interest**cVolum**= Call Volume**pVolum**= Put Volume