 Hey everybody, it's Hari Swaminathan from optiontiger.com. It's Thursday, August 15th and we are looking at our swing trades. First, just let's review the ES situation. It is down about four points now but it's a very volatile session in the pre-market. It was down a whole lot more and it's trying to make its way back but regardless what we have is a bearish tone in the overall markets. That's for sure. It's bouncing off this lower Bollinger band here as you can see but this is pre-market action. Global markets are all down and in fact if you look at the headlines it is all about the bond yields. Now you can see that the US 30 year treasury also has yield has fallen to a historic low. Bond yields are tumbling throughout the Asia-Pacific and so what that means is when the yields are tumbling the prices of bonds are going up. The safe haven trade is on right now. It's all what you call the risk off mode. People don't want to take risks. There's a lot of uncertainty around. Certainly a bearish tone has come in. No question about it. Our positions are doing extremely well in the sense that yesterday even though the markets went down 80 points on the S&P we recovered a whole lot on all our positions. Boeing is up 80% and we have the S&P today. It's going to go up even further. Boeing is also going to improve. This is going to go above 3000. It may even become 100% ROI. In terms of Apple we've already booked $400. In terms of Costco we've booked $1400. So Costco is already in profit as you can see here. Facebook we booked about 1800 and so we're not too far away. Google is also in profit just a small one about $200-300 because we booked $8100. So all positions have recovered very well. I would close Boeing today and book this 18-90% profit on this trade here. If it goes down some more I try to get a good price. Not at the open but perhaps wait to see if it can go some lower then it could become 100% trade. As far as the new trade is concerned for today we want to continue with the defensive theme. Gold is going to be up about 50 cents and I want to go to the 36 days, 20th September expiry. We want to buy 5 contracts, 20th September expiry of the 146th call. So the prices will change obviously. It will go up a little bit but this is once again a defensive trade and this should work okay if the markets continue to remain soft. So that's the new trade for today. I'm closing Boeing. I'm going to keep the spider on a little bit and just check at the open what the situation is. We don't want to lose this profit. So if the market indeed wants to turn around and go up then I would close the spider as well. But let's wait for the markets to open before we decide that. Boeing definitely want to cash in this profit here. This is an 80% ROI and then the new trade for today is gold. Let's just review the market watch just one time. As you can see the two bullish are the bearish instruments in the sense that they are the safe haven instruments which is gold as well as the 20 year bond ETF which is TLT. So these are the only two bullish. Everything else is bearish. So actually even these two are bearish because they are contra trades to the overall market. So that's where we stand and so today we'll close Boeing and open gold. Thanks.