We were looking for the ISM Non-Manufacturing Index at 10PM ET, however the number was positive and did not help us in pushing GS lower from the open. Also, due to light volume, we should've excepted a bounce up and then a continuation of direction in trend. GS was bouncing around like a ball. We (could've-should've) taken open morning profits as the market for GS was down by a full point and change. Any profit is better than a loss. There appears to be more room to the downside for GS. Looking to re-enter on the short side of GS, however, options expiration and earnings are due next week sometime, conference call on 7/16. Let's see where the ball bounces to next. Downside target of $140, and upside $145.

Earnings season is upon us on Wednesday.

Milion Capital Research Group - Sold to Close
GS - JLY 09 GPYSM 165P, at $21.55 +2%