Trade Ideas for 03/12/09

After new uptrend highs, we got some back-and-forth consolidation and selling, especially with that nosedive at the end of the session. We'll probably get some more selling tomorrow, in what's turning out to be the first test of this little uptrend. But judging by the sudden change in sentiment, when all of a sudden pullbacks are being bought with great fervor, the uptrend should pass this test and move on to new highs by next week. However, we mustn't forget that this is a rally in a bear market; it's not the glory days of 2007. For example, at this point S&P 770 might be too much to ask for, so enjoy the buying while it lasts.

We bought JBHT and BMC today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
SWKS	6.61	7.70	+16.5%	6.85	N/A	Chart
PM	33.73	33.65	-0.2%	33.35	N/A	Chart
ITU	9.66	9.90	+2.5%	9.38	N/A	Chart
DXO	2.51	2.22	-11.6%	1.91	Consider selling on a close < 2.15	Chart
UYG	1.65	1.99	+20.6%	1.64	N/A	Chart
JBHT	19.71	20.61	+4.6%	19.27	N/A	Chart
BMC	29.01	28.53	-1.7%	28.34	N/A	Chart

Just a couple ideas for tomorrow; we're getting up there in terms of number of holdings.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
AXP (American Express)	12.21	11.17	N/A	Chart
BHI (Baker Hughes)	29.67	28.09	27.61	Chart

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