GS to 140

and a snap back bounce to 160. Be patient.

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$SPX

The S&P is looking pretty bearish with a monthly engulfing pattern and a topping tail hammer. Take note of the consolodation of the moving averages:

5 month - 1075
20 month - 1010
50 month - 1236
200 month - 1032

Bottom line is if 1075 does not hold 1250 is a pipedream for 2011-2012 and the most likely 2010 scenario will be a stairstep down
1050,
      1030,
             1010,
                    1000,
                           930,
                                Double bottom at the fan line around 700.

AMZN

Weekly engulfing pattern signalling AMZN may be heading higher. A decent setup with a stop below $120. However, below 120 you better be out and getting short for the ride to 100 and the gap fill.

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AAPL Daily

Another way to look at Apple would be getting long above 189.50 on a possible cup with handle formation.

Either short or long Apple is definitely going to be a volatile play in February.

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AAPL

Classic buy the rumour sell the news with Apple's latest release. There could be an interesting short trade here below 189 as sellers hit the exit button to lock in profit.

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$SPX

Thursday Battle over 1090 won by bears

Friday battle over 1080 breached to 1078 and setting up good for the bears. The play of the day is to get short below 1078 for the zip line ride to 1060.

Bottom line is the overall trend has definitely shifted to BEAR territory and therefore buying of dips is no longer an intelligent strategy.

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TSCM

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SIRI

Out at $0.80 for a $0.15 ride. I hope you caught the bus and got off at the target stop. Should come back down to $0.74. If it holds there another long shot will be in order. If not, it will be back to $0.69

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GLD

Double bottom on GLD

Long ith stop at 105.10

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GMCR

The single packet coffe manufacturer on verge of breakout to 98.50. Missed the boat here, but it may come back below 83 for a second chance and a 15pt pop. Set your alerts now.

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$VIX

Nice long trade on the VIX:

Stop: 22.40

Target: 27.95

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SIRI

Move stop up to $0.70 - Target $0.79 and out with half - Let the rest ROLL

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$VIX

It's only Wednesday and it's ONLY FED speak. The REAL story will be told by Friday. Looking for VIX to bounce hard off of 22.77.

SIRI

Buying more with a buy stop @ $0.72

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