I am at a turning point where I have to refocus my priorities, and unfortunately I am sorry to announce that as a result I will be halting all futures updates here at Portfolio Tilt for an undisclosed period. It is time for me to pursue more serious opportunities...(details inside)

Overall action was very slow on Wednesday, as indicated by the low volume seen across many of the major indices. Only the NASDAQ managed to close in positive territory as the index mustered a one point gain for the session.

Tuesday was day two to the upside of the potential Elliot Wave B Wave up. There is an old adage that comes to mind right here and that is:

Equities moved higher on Tuesday accompanied by an overall increase in volume for the session. The S&P 500 led the way to the upside as prices rose 1.3% and reclaimed the psychologically important 1100 level.

Stock Markets began the week (and month) on a positive note as the S&P 500 led the way to the upside rising 1.4% for the session. According to Bespoke Investment Group, equities have seen a positive close on Monday 17 out of the last 19 weeks.

Last week was the week that many never wished was. When all was said and done, the Dow Industrials for the month declined 3.46%, the S&P 500 down 3.7%, and the NASDAQ down 5.37%

The NASDAQ led the way to the downside on Friday as prices slipped 1.5% for the session on very heavy volume. Friday marked the end of a rough month for stocks, the S&P 500 fell 3.7% during January.

Thursday brought into question the validity of one day candlestick patterns as Wednesday's bullish action was immediately thrown into the gutter. Equities shrugged off early morning gains and fell into their recent rhythm of fading into the close.