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The lumber sector and parts of the housing market seem to be clawing for a tradeable bottom.
Something interesting is happening in the options market which may bode well for the stock market. Traders are loading up on call options at the 439 and 440 strike prices for S&P 500 SPDR (SPY).
Both the Nasdaq 100 (NDX) and the S&P 500 (SPX) indexes rolled over to end the week after both made new highs previously.