The major indices settled with steep losses Wednesday, after traders digested mixed earnings reports, news that another bank is raising capital, and volatile crude prices.

Decliners in the S&P 500 outnumbered advancing issues by 4-to-1.

All ten of the major economic sectors finished the session with a loss.  Consumer discretionary stocks fared the worst.  The sector lost 1.9%.

Great gains for the Triggered Watch List, don't let profits turn into losers and take profits and move stops up along the way! 

For those of you looking for a special situation stock for the longer term you may want to do some due diligence on Blue Earth Solutions (BESN). I have enclosed a link to their website. The company has a patented and proprietary technology for recycling polystyrene (styrofoam). Those who find this company interesting can send me a private message on the blog and I will share more information with you about the company. This is not a technical play since it only recently listed for trading, but the prospects are very promising.

http://www.blueearthsolutions.com/