Jumping to the Other Side

Below I present the AmEx weekly chart, a name I went short earlier this morning. 

Note the major confirmed top, targeting the low-$60's. I do not believe the recent bounce qualifies as evidence of a false breakdown, or bear trap. Instead, the most basic interpretation of the chart is the AmEx is jumping from bull to bear after multi-year run, with risk of the current bounce amounting to a bear flag, or bearish continuation pattern simply setting up the next leg down. 

Elsewhere, Pandora continues to be a rumor-driven stock, discussed on my video last night as being capable of bouncing. 

The runaway U.S. Dollar appears to be pressuring commodities again, namely crude. 

And I may very well hop back into a CAT short with the risk of a major breakdown, dating back a decade, yet again.