Good hump day. As the DOW makes a new low this morning, the NDX and the S&P are doing what they can to hold their lows put in last week. However, by the time you get this newsletter, that may be all for not. We're just going to have to wait and see. I will point out the DOW has yet to test its 3/8 retracement of its rally that started back in October of last year, while the NDX and S&P have both pulled back to their 3/8 retracement levels already. I'm not overly concerned about the DOW breaking last week's low as much as I would be concerned to see the NDX blow right through that 2470 level to the downside with conviction. Advertisement EXPOSED: Mainstream Medicine's Deadliest Conspiracy For the first time, mainstream medicine's deadliest conspiracy has been EXPOSED. Finally, this video is the 'shot heard around the world' the establishment prayed would never come. Powerful interests are hell-bent on minimizing the damage it is doing to corporate medicine's profit machine. Before it's banned, watch the full video here. Advertisement I'm sure you understand pinpointing bottoms or tops to the number is highly unrealistic although we have done it before. The important thing to be on watch for here is to identify if the NDX or S&P want to move lower toward their 5/8 retracement levels, which would present a pretty ugly picture in the short-term. However, If you remember in early April when the DOW made a new high, we told you not to get too excited because the DOW is pretty lagging in nature these days. The same may go for the flipside here suggesting that once the DOW capitulates to the downside, it's time for a reversal of fortune. Should the NDX blow through last week's low, there's a number of things that could happen, none of which we'll point out here yet. We're just going to have to take a wait and see approach and continue to look for money making ideas that can provide better than average long-term returns. We brought you our thoughts on YELP as a promising prospect for the future yesterday and have a few more ideas in the wings, so stay tuned because the market isn't going to be this ugly forever. Like we suggested yesterday, if you're going to play the index ETF options, you're best fading rallies and selloffs with put and call options, then closing them out in fairly short order when the market moves in your favor. Don't try and get greedy with an options play unless you catch yourself way in the money. And, if you're playing penny stocks or small caps, sell the rips and lock in gains when better than average returns present themselves. Let's continue to tread lightly until the bleeding subsides. We're All Entitled to an Opinion I don't know about you but I'm absolutely sick of the media giving credit to or blaming Greece for every move this market makes on a daily basis. I find it humorous and slightly entertaining. Greece contemplates pulling from the Eurozone, market goes down, Greece successfully sells debt, market goes up. It just seems as though every single day Greece is the headline. Last time I checked, Greece was a small country with a unique way of running their finances, and only a small part of the bigger Eurozone picture. I get the fact that Germany, among other countries in Europe, have a large stake in Greece's ability to get their economy back on solid footing. However, if Europe wants to make Greece their problem, then let them. If Europe wants to put Greece front and center and blame them for everything, that would make at least a little more sense to me. There's a point to my rant. I'm the first to understand we're in a global economy now and we're all tied at the hip to a certain degree with an emphasis on the BRIC Nations for our imports and exports to thrive. However, until proven otherwise, the U.S. is still the World's leading indicator when it comes to the economic landscape ahead. Yesterday I saw a headline that read, "Europe in a recession, is the U.S. next?" If you remember correctly, when the U.S. was knee deep on borderline depression, Europe wasn't doing quite as bad. Remember the strength of the Euro vs. the Dollar? What Greece and Europe face now, in my opinion, is a trickle down affect and fallout from what the U.S. has spent the last four years trying to get itself out of. If the U.S. falls back into recession, it's going to be a result of what's going on right here at home, not what's going on in Europe. My point is... let's make sure we're paying attention to what's going on here at home and try to avoid blaming anyone else. Let's stop blaming others for our results and let's start working on creating and implementing policies and programs that are focused on improving our own situation here at home. I'm really starting to believe the whole Soros conspiracy theories of his efforts to use Obama as a puppet for a one world government. Is this where the media is getting its direction from? This lack of focus here at home is unnerving to me. This country was built on accountability and old-fashioned elbow grease. Yes, I said grease, not Greece and just to be clear, I have absolutely nothing against Greece. It's not their choice we're making them our every reason for this market's move. I was at my youngest son's graduation last weekend. The night before, my two sons and I went to a local bar to have a couple of cocktails in celebration of his graduation and somehow we ended up getting into a political debate with some random guy who goes on and on about how our system here at home is all screwed up now due to Bush and Obama. Fine, a healthy debate is always good but you wouldn't believe what he said at the end of the conversation! He says, "Look, I'm two million dollars in debt, I've lost everything and now I don't care. I don't work, I get plenty of benefits from the Government, so why should I even try anymore?" My reply was, "Wow, we're done talking." The next day at the graduation ceremony, the commencement speak was Alice Rivlin. Rivlin serves on Obama's National Commission on Fiscal Responsibility and Reform, is a founding director of the Congressional Budget Office and other various positions that often put her in the middle of the partisan politics plaguing Washington, D.C.. In short, Rivlin stated, "I stress teamwork, cooperation and respect for each other, because I am deeply worried that our political system is moving rapidly - and dangerously - in the opposite direction," Rivlin said. "Political discourse is increasingly strident, argumentative and polarized. We are not just imagining this because it is an election year. There is plenty of evidence that political parties are more homogeneous than they used to be - more uniformly conservative or liberal - and the middle ground is disappearing." "Compromise is a dirty word, suggesting weakness and lack of principles. Members of Congress who work across the aisle to hammer out bipartisan positions that a majority can support are now ostracized by their own party. It has become essential to hold to the party line and blame the other side for failure to solve the problem," she said. Rivlin told the full-house crowd that stabilizing the debt is only one of several serious problems that will require a bipartisan solution - and that will become worse if our nation's politics continues on its current course. She urged the graduates to take an active role in changing the climate of U.S. politics. So there you have it. Here's my two cents for what it's worth. If we continue to put blame on other countries and distract ourselves from the focus here at home, it's my belief big business is only going to get bigger and the smaller businesses will inevitably go by the wayside, and that is the single biggest way to steal opportunity away from folks like you and I. Why? Because ultimately big business stands to benefit most from a global focus, not the smaller businesses which have historically been the highest creators of job growth in this country for centuries now. Take away the ability for the small and medium size business to thrive and you've got a real problem on your hands. A problem that if everyone can wake up and identify, can be solved before it's too late. If you want one government, free benefits and no accountability then knock yourself out. I've been self-employed since I was twenty one years old and only until now have I started to wonder just how much of a chance our children have at successfully starting their own businesses without having millions in capital. You may say, what does this have to do with the stock market? Well, if you've noticed... over the last four years, large caps stocks (multi-billion dollar enterprises) have stolen most all of the thunder leaving many small stocks waning for interest. Isn't that a sign of the times? When small caps come roaring back, you'll know we're on the right track. So, support your local business, get involved, only support large business when it's absolutely necessary and tell everyone you know that if we can all get back to old-fashioned elbow grease and accountability here at home, we can still be living in the greatest country in the World.