Trade Ideas for 03/24/09

The market certainly wasted no time forcing me to eat my words. I didn't see new highs in this uptrend, but new highs we got, and with a vengeance! The market took off on news of the government's bailout plan. The rise, at least in the financials, was parabolic. This kind of action is not typically sustainable, so let's see how much more upside there is left. The "news effect" has a way of wearing off suddenly.

Our two short positions, SRS and REW, were quickly disposed of. Thank goodness for sell-stops! We also bought GGB.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
ITU	9.66	12.06	+24.8%	11.05	N/A	Chart
DXO	2.51	3.23	+28.7%	2.99	N/A	Chart
GGB	5.29	5.47	+3.4%	5.17	N/A	Chart
AVA	13.47	14.35	+6.5%	13.94	N/A	Chart
RIMM	42.19	44.90	+6.4%	42.43	N/A	Chart

The pullback today in gold and bonds makes for a good setup for tomorrow; let's see if it works out that way. And in case this uptrend has more to go, a couple of ideas that have been known to run in the past.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
AUY (Yamana Gold)	9.58	8.99	N/A	Chart
TLT (20+ Year Bond Fund)	105.01	102.96	N/A	Chart
MELI (Mercadolibre)	17.39	16.57	15.99	Chart
SPWRA (SunPower)	25.21	23.29	N/A	Chart

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