Market Selloff Likely to Continue

by Ryan Mallory | January 20, 2011 8:57 am

Current Long Positions (stop-losses in parentheses): None

Current Short Positions (stop-losses in parentheses): GLD (136.40)

BIAS: 7% Short

Economic Reports Due Out (Times are EST): Jobless Claims (8:30 a.m.), Existing Home Sales (10 a.m.), Leading Indicators (10 a.m.), Philadelphia Fed Survey (10 a.m.), EIA Natural Gas Report (10:30 a.m.), EIA Petroleum Status Report (11 a.m.)

My Observations and What to Expect: Futures are slightly down heading into the open.

Here Are The Actions I Will Be Taking:

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