Trade Ideas for 04/13/09

After a week of coiling, the market sprang up on Thursday, and you have to believe the momentum is with the bulls. There's some stiff overhead resistance up above, though. The plan is to monitor action on Monday and Tuesday; if we get shallow pullbacks followed by panicky buying spurts, this phase of the rally may take us well above 900 on the S&P. If there's resistance to higher prices, then we'll have to dial back the enthusiasm. It's options expiration week, and practically every day will feature a noteworthy economic report. Given that recent reaction to news events has been to upside, there's potential for this week to be big.

We bought UAUA and PLD.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
MELI	17.39	21.52	+23.7%	20.49	N/A	Chart
CMED	16.64	18.11	+8.8%	16.99	N/A	Chart
LDK	7.64	8.08	+5.7%	6.49	N/A	Chart
CLS	3.24	4.68	+44.4%	4.35	N/A	Chart
UAUA	5.89	6.56	+11.4%	5.40	N/A	Chart
PLD	7.73	7.87	+1.8%	6.49	N/A	Chart

After Thursday's explosive rise, I wouldn't be surprised to see a smaller range day Monday. This would set up some good entries on charts. As it is, there aren't many low-risk entries to be had, but here are some that I found.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
TMX (Telefonos de Mexico)	16.72	16.27	15.96	Chart
ACM (Aecom)	28.67	27.16	26.10	Chart
DXO (Ultra Crude Oil ETF)	3.26	3.07	2.82	Chart
TLT (20+ Year Bond Fund)	103.87	101.97	N/A	Chart

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