Market Selloff Likely to Continue

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

Market Selloff Likely to Continue

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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Endnotes:
  1. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  2. IBM: http://studio-5.financialcontent.com/investplace/quote?Symbol=IBM
  3. SharePlanner Chat-Room: http://shareplanner.com/education-center/chat-room.html
  4. SharePlanner.com: http://www.shareplanner.com/trading-system/swing-trading-system-long-setups/trading-statistics.html

Source URL: http://investorplace.com/2011/01/market-selloff-likely-to-continue/
Short URL: http://invstplc.com/1nx7mqr