Trades 1/27/10

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Premarket:
Futures are up slightly, and world markets are still in the red, though I don't see any triple digit losses.  We have New Home Sales today and, again, Obama is going to open his mouth, which could be another disaster.

Wednesdays are usually consolidation days, but I think today will be different.   We are down about 600 points on the Dow, and I think that Obama's comments on banking had a lot to do with that.  Is this drop a change in sentiment?  Or was it just a combination of some bad news from the banking sector along with the president opening his mouth on the subject.  Time will tell.

If we see a dip at open, look at buying call options.  Things may turn back toward the positive, and the dow could pop back up to 10,700+

If we start out strong, I am looking at Gold and Silver as the prices seem to have started back up.

Yesterday SVA sold off on a Trailing stop.  Not having gone up very much, it turned out the same as if it had been set as a normal stop-loss order. 

For the most part, I am out of the market, keeping only small cap equities and limiting risk with options.  I will have more ideas as the market becomes more volatile. (which is where I grow my portfolio).

Current Holdings

Symbol
Security
Entry
Last
Change
Exit Plan
QTWW
Stock
1.08
0.91
-0.1426
N/A
SSN
Stock
0.276
0.2502
-0.0258
N/A
UALNO
Option
0.10
0.03
-0.07
N/A


Note: The change column describes the most recent day's change in value.


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