Wednesday, January 19, 2011

Sea of Red

Not a pretty day in the markets. DNS -13, -40, -13.

If the market opens down tomorrow the trailing stop loss order will start firing off and move me into cash.

Trades:

After yesterday's run I snugged up the TSL order on YGE to 4% - it triggered early this morning. +10.24%

A stop loss order for WFR call options triggered. +20.9%

Since the market seemed to be moving against us, I sold Shaeffer pick ENTR (Jan call) while it was still positive. +2.16%

I bought PAAS stock. Held off on buying calls until we see what tomorrow (or the next day) brings.

Reversal alerts: (9). ANF, LPL, and NAT are familiar but not very compelling. MALL is probably the best here value and growth-wise but the chart is iffy.

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