Tuesday after MLK day

We'll get a lot of earnings this week. The market didn't respond too well to the ones we received last week. As I have been preaching, sentiment is elevated and last Friday's action was enough to turn some of my breadth indicators down which could mean we have seen some sort of top. The TICK numbers on the close were not that bullish because they did not come in at extreme negative readings; they were actually positive. I have about half a short on and was looking for a pop this morning that failed to add more. We are around unched on the futures as of now. I remain bearish here and am looking to add shorts for at least a multi-week correction.

I should also mention that IF Brown wins tonight in Mass., that would most likely be interpreted positively by the market. Gridlock.