Trade Idea for 01/29/10

It looked yesterday like a quick rally to the 50-day moving average was in the cards, but now that's questionable. Relief at the Fed announcement and Bernanke's reconfirmation didn't prevent the market from breaking Wednesday's lows. With a few short positions in hand, now's the time to sit back and find out just how weak this market is.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
SRS	7.61	8.18	+7.5%	7.29	N/A	Chart
MZZ	21.11	22.74	+7.7%	20.49	Consider sell-stop on partial position at 21.78	Chart
ALSK	8.14	8.14	0	7.91	N/A	Chart
PSQ	45.26	45.68	+0.9%	44.39	N/A	Chart
VXX	32.26	31.02	-3.9%	30.49	N/A	Chart

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
DGP (Gold Double Long ETN)	26.72	25.33	N/A	Chart

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