SHLD: Joined you in a small short with Apr 72 puts. Looks very weak.

$AGU to Acquire Viterra's Agri-Products Business from Glencore

POT & MOS running this morning.

AAPL: unhalted and back to 585 range.

I've learned my lesson on shorting against the predominant trend. Until/unless the general markets start to roll, I'll keep my shorts in my pants.

OT: Kass: Pretty shameless. Cracks me up though. On a related note, I was checking out the #Discover section and noticed that one of the folks I follow favorited his own tweet. That's just not right.

Short AAPL? Not me. May be a great opp, but I'm not standing in front of that train.

AAPL halted

BAC: Blew through 9.50 much quicker than I expected.

AAPL: grabbed some weekly 605's into the close. Total lotto pick.

Gapper KSU.... rails be hot

I expected a bit more positive reaction to those reports

I was thinking the same thing. Markets have been moving on less than stellar news in the past few months, so maybe we're seeing a top forming. No money where my mouth is other than some under water shorts .

BAC: Nice break two days back. Looks to still have room to run (9.50 ish). Grabbed some at the 8.50 level.

JCP: thanks AD. It did take some patience. I closed my short on Friday for an ok gain, and am steering clear for the moment. Been sitting mostly in cash lately; too much work and not enough time to pay attention.

JCP: thanks ico. Been watching it off and on and happened to catch the trend line break. Tried to be patient with it, but was a little early on the puts buy. Working out ok at the moment, but we'll see how she goes. Plenty of room left on the downside, but that doesn't necessarily mean anything.

JCP: Looks like it may finally start to breakdown. Grabbeb a small amount of Mar $38 puts.

FSLR: looks like it has some support around $30. Curious to see if it bounces or cuts through. Too lazy to post a chart.

SODA: just saw on stocktwits where their numbers were good, but #units sold was decelerating. Haven't looked at an actual report, so just passing along as is.

SODA: current bid/ask sub $40 from $47 high yesterday. Am I missing something?

WSM: grabbed small position on break. Sure, I buy this but not ATPG. Go figure.

ATPG: bull flagging on the 5 min. Totally watched the action this morning, and unfortunately didn't trust my own chart reading. Goog trade again shmolton.

ATPG: will watch that $7.9-8.0 range as well. large gap to fill.

link back for chart

ATPG: good on ya. I may join you after the bell.

LNG: up 17% PM.

http://finance.yahoo.com/news/Blackstone-Enters-Arrangement-prnews-50933429.html?x=0

Link back for chart

$SLV: Nice gap if this gets running again.

$JCP: still not buying it. surprised it has held up this strong after earnings. no position, but watching.

LNG: Nice bull flag on the daily. Watching for possible breakout.

ATPG: I'd like to see a break of 7.30 to get things going.

SHLD: I agree. It's doubled already this month and is very extended. I would say it has to be a prime candidate to pullback, but this market has made me look foolish lately. I'll definitely watch this one though at the first sign of weakness. May just nibble some puts Monday to initiate a position.

It's not like bopping it up here or higher is a chase;0)

Until we see a pullback in force, I'd treat it like a chase. JMO. CMG will be a great ss candidate, but I'm ok with not being the first one to the party.

LQDT: Nice couple of days after that Sharkie call. Took a small position after the 40.5 break.

ROVI: Anyone else watching this one? I missed my initial buy at 31, but am revisiting.

JCP: I'm starting to watch it again; it took a while for it to settle before moving lower after the last major gap up. I share your sentiment on shorting though. As long as we continue to trend up, no sence fighting it.

LQDT: saw this one recommended on twitter over the weekend by a few posters as well. Most notably by @gtotoy.



Edit: here's a link to a few of his setups for the day/week.
http://chart.ly/users/gtotoy

Congrats! Feel free to delete this for practice.

JCP: I think all the news was on the morning of the 26th, the same day as the surge.

JCP: Yep, you're right. It traded sideways for 2-3 weeks before coming in. I haven't gone short yet, but will keep it on watch.

A couple of nice vids.

http://ibankcoin.com/chessnwine/2012/01/28/weekly-stock-market-recap-012812-two-part-video/

Is there bad news just around the corner ???

Technical analyst agree that a falling wedge pattern is a bullish pattern. As a pattern, its bullishness just stays dormant until the breakout occurs.

It is a great pattern for technicians because its failure rate is only 10% which means it has an accuracy level of 90%.

So why are we discussing this pattern today?

Because there is now such a pattern ... a nice, two and half month long pattern.

That's the good news, now for the not so good news ...

The pattern is showing up on the VIX (Volatility Index). As you know, the VIX is often regarded as the Fear Index and the VIX moves in the opposite direction of the stock market.

Therefore, this normally positive news pattern has some very negative implications attached to it. Technically, for this particular pattern, the maximum run time before the breakout is during the third week of February. However, that is when the apex of the resistance and support lines is formed.

The reality is that these patterns always breakout before the apex. Seldom is that breakout longer than seven-eights (distance) into the pattern which would be about February 8th.

The beginning timeline for a probability increase of a breakout starts after being two-thirds into the pattern ... and that date was January 23rd. So now, we are in the breakout window area where the probability for a breakout will increase as time moves toward February 8th.

Bottom line ... market risk levels will now start to increase as we move forward.
(FYI: This chart is one of three VIX charts that are updated daily in Section 4 of our Standard subscriber site.)



http://www.stocktiming.com/Tuesday-DailyMarketUpdate.htm

the ELLIOTT WAVE lives on

http://caldaro.wordpress.com/

TOL & LEN: Watching both as they've made big moves since last fall. However, if mr. mkt continues higher I'll focus more on the long setups. Keep thinking somethings gotta give, but that probably just means higher. Got end of month coming up, so not counting on any sig drops.