The indexes bounced today, but a weak effort. I took a position in BID, which I am still holding. I don’t plan to hold it too long though. More of an experimental position in this market.

AAPL reported earnings after hours today, and it was a blowout. Even with the positive earnings though, the stock whipsawed after hours. That’s a very bearish sign, and not a good indicator for the market.

Still, a bounce could continue. Just look at these charts of USO and the Russell, which may have found some support.


I would like to see these bounce before taking new longs. Overall, the market looks very bearish here, so any bounce play I take will be short term.

Trade Ideas for 01/26/10:




Good luck and good trading!