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August 6, 2013  Tue 2:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
There are no major economic reports today, though the earnings calendar remains active.

Archer Daniels Midland, CVS Caremark, Emerson Electric, Cognizant Technology, Fossil, Tenet Healthcare, and OfficeMax report before the opening bell. CF Industries, Walt Disney, Computer Sciences, and First Solar issue results in the afternoon.

Tomorrow's economic calendar is slightly more active, with German industrial production, weekly mortgage-application numbers, and crude-oil inventories on tap. China also has economic releases in the evening.
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Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

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