Trade Ideas for 01/27/10

The market found a bit of support today near Friday's low. In the next couple of days we'll see if it can mount any sort of charge off this support. A bounce from here is well within range of the 50-day moving average, which may be too obvious. So I lean slightly toward the idea that the market will push to the downside before it manages a bounce of size. Whichever way it breaks, the market should trend for a few days.

DVAX was a scratch, opening too high, and we took a whipsaw with DXD.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
SRS	7.61	8.19	+7.6%	7.29	Consider sell-stop on partial position at 7.92	Chart
MZZ	21.11	22.23	+5.3%	20.49	Consider sell-stop on partial position at 21.78	Chart

Long and short ideas for tomorrow, depending.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
ALSK (Alaska Comm.)	8.14	7.91	N/A	Chart
JEF (Jefferies)	27.18	26.45	N/A	Chart
PSQ (Short QQQQ)	45.26	44.39	N/A	Chart
VXX (VIX ETN)	32.26	30.49	N/A	Chart

Please refer to "How To Trade The Ideas" (right-hand side) to read this table.