Apple is having its Macworld Expo. Why am I telling you this? Well AAPL has been on a tear the past year and dipped down to an attractive entry price. Apple earnings are on Jan 22. I would pick some shares between $160 – 170 but let’s wait for what news Steve Jobs has to say this week.

It’s also options expiration week on Friday Jan 18th which means some volatility. Are we going to get more of a bounce or just fall? Friday’s action was not very good for the broad markets. I might buy a small position in the TWM on Monday just to hedge. I’m current in the QID also which is the Ultrashort QQQQ.

I’m profitable on the 4 new positions I made on Friday expect AGU +3%, WFR +0.9%, NYX +5%,  LFC  -3%.

Still riding the gold stocks with ABX, GFI, GSS, RGLD  I will close these positions and go short if I see any more nervousnesses from the market. Gold is a good sector to trade in a bearish market as fund managers buy into gold as a hedge and gold traded above $900 for the first time. China debuts gold futures last week which also pushed the market higher along with people buying the GLD ETF.

This week get ready to buy the TWM and keep tight stops for any more down turns in the market.