Is this an Obama market . . .

Is the wrenching selloff in U.S. high-growth technology and biotech over or could investors braced for more than a minor pullback when earnings pick up speed next week.

1st-quarter earnings estimates have fallen sharply as many companies are still blaming the harsh winter for weak outlooks.

High PE stocks are under pressure, earnings could be subjected to even more investor scrutiny than usual.

"There's skepticism among investors about the outlook, and we're getting into the first-quarter earnings season, so you're going to see some positioning," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.

According to Reuters profit growth for Standard & Poor's 500 companies now is expected to have increased just 0.9 percent in the first quarter from a year ago, down from a January 1 forecast for 6.5 percent growth.

In the coming week, 54 S&P 500 companies are scheduled to report first-quarter earnings. In comparison, 29 companies in the S&P 500 had reported results through Friday.

Earnings are due next week from such high-profile names as General Electric (GE), Johnson & Johnson (JNJ), Goldman Sachs (GS), Google (GOOGL.O)(GOOG.O) and IBM (IBM).

Wall Street will get more readings on the U.S. economy in the coming week, with retail sales on Monday, the Consumer Price Index on Tuesday, U.S. housing starts and industrial output on Wednesday and the Federal Reserve Bank of Philadelphia's business activity index on Thursday. The latest weekly initial jobless claims will also be released on Thursday.

This flurry of numbers will come during a four-day week. The U.S. stock market will be closed for Good Friday.

Volume is also likely to be lighter than usual with some participants away for the observance of Passover, which will begin at sundown on Monday.

Despite the selloff, data so far showed that investors are still pouring money into stocks.

TUNING IN TO THE FED . . . 

Part of what's behind the big momentum selloff may be nervousness surrounding the Federal Reserve's December decision to scale back its economic stimulus, or quantitative easing.

That's why all eyes will be on Fed Chair Janet Yellen when she speaks on Wednesday to the Economic Club of New York.

We've had basically five years of a market that's been nannied by the Federal Reserve, which has driven up market valuations. Maybe this is an Obama market.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0 

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0 

 (FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad.  But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you.  I believe each of you can do the same thing it takes discipline.   Remember me talking about trading/investing is like running a business? 

So how did we do this past week with SLOW MONEY OPTIONS?  It seems I have not been as focused as I should I have a daughter getting married, have had another friend pass this week and another having cancer surgery.  I think Im focused but maybe not enough. I recommended selling the Put spreads on the SPY with 2 days till expiration.  What could go wrong? early into Friday SPT started trading below yesterdays close so I closed the position with a loss of .04  cents.  Shortly after my puts spread on AAPL was doing the same thing so I closed it with a loss of .07 cents then closed my AAPL call with a gain of .04 cents.  Not a good week for the Brents family.  So what was wrong?  Not paying enough attention to the  Bollinger bands and timing. Remember you will live to trade another day if you don't get greedy and learn to take a small loss to be right.  I'm in this for the long hall and will not take undue risk. Remember always take the more conservative spread is the reason that I give you choices. What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading. The choice is yours take responsibility. I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money. Thank you for letting me serve you, I consider it a privilege to work with each of you. I strive to make a successful trade one week at a time.Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went

https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.