Top 10 Searches from All Sources
The most popular of the popular

1. iphone (AAPL)
2. business
3. wii (SNE)
4. music
5. Chynna Phillips
6. travel
7. games
8. Jaycee Dugard
9. apple (AAPL)
10. xbox 360 (MSFT)

I haven’t opened any positions this year yet. “Babysitting” these:

(: ) Apple, short via January puts

(: ) Bank of America, option straddle, neutral

(: ) Strategic Hotels & Resorts, long stock

(: ) Lloyd’s, long stock

(: ) S&P 500 SPDR ETF, short via March puts


Yet another “inflection point”. SPY and QQQQ closed at new highs today, so performance-anxious and technical buyers will probably come in. Still, how about a little pullback?

Those huge rising wedges look bearish, but as two potential head-and-shoulders patterns have been negated in the last few months, it can happen again. Patterns are made to be broken, I guess.

Click charts to enlarge

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Click charts to enlarge

(: ) Apple

Price-MACD diverged some time ago, rising wedge seems to have broken down on increased volume.



Similar to the AAPL chart, there’s divergence on the MACD though less significant and a potential rising wedge (bearish reversal pattern).


Markets and tech performance is tied to the U.S. dollar which looks to be reversing to the upside, at least it did today.