Just saying Steve can sure make money with his technical analysis.  I can't image what trading is about other than making money.  As someone coming to this with no background, for me it's been a challenge.  Learning, though.  Would love to have made what you did last year, very impressive.

Your trading acumen never ceases to amaze.  Great technical read of the intraday action.  So much to learn....

So, are you thinking this is a correction and we'll soon head up?

Up and over on good volume, thx for the idea Matt.

CTL up and over 38.04, we'll see if it holds.

WFT fell back below resistance Friday, but it's going to open back above 18 this morning.  If it holds with good volume I will add to my position.

Thx for the chart, I sold my VXX position Friday.  Will look for an entry this week.

Broke thru and successfully backtested the 18.00 area.  volume good.

CTL has a nice yield at 7.65%, if it clears 38.04 it might make a decent move between now and dividend, which is somewhere around March 1st.  However, earnings are Feb 15th, next Wednesday after market. So, maybe watch and trade it quickly between now and Wed, or wait til after earnings and take another look.

I'm not in it, but price is sitting right on the 200 ma here pre-market.  I may take some w/ a tight stop, waiting to see how it acts first.

I also sold 1/2 and am looking for a move up today to sell the rest.

been watching closely, sold at the top first thing this morning.  Looking for a partial re-entry closer to the bottom of the pattern.

Stop is at 36.50.  I liked that the pullback was choppy and on light volume.

Yeah, I couldn't resist that pattern, bought yesterday pre-market at 37.05.  Looking good so far.

Done.  Steve what about that ETAK trade?  Still sitting down at support.  Are you still giving it a chance?

it reports earnings today after market hours.

May have hit a short term bottom, or finished defining the RS of the inv H&S pattern. 

Get better soon, Matt.  Regular crunches also helps take the strain off the back by counterbalancing with stronger stomach muscles.

alas, also sold too soon.

sold too soon :(