Trade Ideas for 11/18/08

We had a boring day; which direction the market will take next is now up in the air. Nothing was purchased. On the plus side, gold is giving us a setup that's usable. If you're feeling lucky, DGP is the 2x gold vehicle; however it's an ETN, not an ETF. That means it's a note, similar to a bond. In this case, the note's value depends on Deutsche Bank's promise to pay holders of the note a lump sum upon maturity (in 2038 I think) equal to the monthly performance of DB's gold index, subject to adjustments. In other words, you don't own physical gold, not even indirectly, when you buy DGP. On the plus side, it promises a double return.

Trade Ideas for 11/18/08

Ticker	Entry	Exit A	Exit C	Chart
GLD (StreetTracks Gold)	74.27	72.14	68.79	Chart
PPL (PPL Corp.)	34.19	31.72	29.35	Chart

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