It is suggested to maintain short positions going into the new week as the economic indicators will be a mixed bag this week based on the forecasts. It is also suggested to begin identifying fresh bullish opportunities as the S&P 500 is entering into intermediate support levels. The intermediate levels identified back in June represent an area that provides attractive opportunity for reasonable dollar risk. Using index based ETFs will reduce the amount of single stock risk when identifying a bullish set-up in current market conditions. From an individual sector and bullish perspective, the industrial and health care sector look poised to be out of the gates first based on the graphs, today. The material sector does look interesting; however, with the risk of crude slipping further, we will avoid. Remember that the current market conditions present the lowest probability and highest level of risk due to the lack of consistent correlations between the asset classes. Positions should be kept small if trading is felt to be necessary. Watch the Yen and S&P 500 closely to identify if the relationship begins to converge, again.