The stock market is off to a great start in August, but don't get too complacent. 

Historically, August is one of the most volatile months for the markets. The S&P 500 typically loses an average of 1% during August over the past two decades, according to analysis from LPL Research.

As the markets near a retest of the January highs, is it time to take some profits and free up fuel for a potential August pullback?

TheStreet's monthly trading strategies webinar is back on Thursday August, 9 with two experts ready to help.

Join us at 2pm Eastern as TheStreet's Scott Gamm hosts:

    • Kristina Hooper, chief global market strategist at Invesco
    • Real Money contributor Stephen Guilfoyle, Co-Manager of TheStreet's "Stocks Under $10" Portfolio