My strategy for 2010 and January

The January Barometer indicates a negative year for stocks. Bearish monthly reversal candle is in place.

I've been calling for a bounce since last week, it never came so I'm still waiting for it so that I could pick up some shorts.

The QQQQ is very bearish, I'll look for a bounce to pick up some QID and then playing the Q's until it hits the weekly 200-MA

My strategy for 2010: only play to the short side and play small and mid-caps.

Watch stocks like IBM to monitor the health of the market. My prediction going forward is that IBM will go down until it hits its weekly 50-MA; that would be VERY bearish for the overall market