Buying 10 calls on the S&P 500 approaching the 20. We are expecting a bounce off of these levels tomorrow. If we don’t get it, then the markets could be in for a few more weeks of churning and consolidation. We have already added more to our core holdings-ready to participate in this bull market. But, if that turns out not to be the case, we will still be in 50 % cash where will take advantage of the weakness in quality brands. Here is a chart of the S&P 500 below: This could either be a “double top” or a perfect buying opportunity on the 20 (orange line). If we turn out to be wrong, the money we are risking with call options is next to nothing- but can pay off in a big way if we bounce.