Markets continued to trade higher today, so the hated bull market continues to move higher and befuddle everyone, and the arguments about market valuation continue. SPX broke through $2,000 this morning, but couldn't hold it, closing at $1998, up $10. RUT also traded higher, up $5 at $1165. Volatility continues to be relatively low at 11.7%, up two tenths of a percent.

Trading volume has been trending consistently lower as this year has progressed and today was no different. Trading in the S&P 500 stocks declined to 1.3 billion shares, well below the 50 dma of 1.9 billion shares. Trading declined 4% on the NYSE, but rose 6% on NASDAQ.

New home sales were released for July today, coming in at an annualized rate of 412 thousand, down a bit from last month's 422 thousand.

My Sep iron condor on SPX now only consists of the 1830/1840 put spreads and at +13%, is nearing its maximum gain of 15%. If the market starts to sell off, I may close those put spreads; otherwise, I will allow them to continue to decay in value and increase our gains. I will probably enter my October condor later this week.