Trade Ideas for 04/14/09

Even though we achieved higher highs, today might have been our narrow-range pullback day! At this point it feels like we're in the beginning stages of a blow-off top, as prices defy gravity even as a large contingent strongly protests that they shouldn't go any higher. It's dangerous, because a steep fall typically follows such a top, but there's potential for quick and large profit in the final days of the run. My strategy is to keep stops relatively loose until we rocket higher (should that happen.) Economic reports hit in the hour before tomorrow's open, and this will probably move the market in one direction or another.

We bought TMX today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
MELI	17.39	21.63	+24.4%	20.49	N/A	Chart
TMX	16.72	16.96	+1.4%	16.39	N/A	Chart
CMED	16.64	18.39	+10.5%	17.49	N/A	Chart
LDK	7.64	8.04	+5.2%	6.84	Consider selling on a close < 7.58	Chart
CLS	3.24	4.59	+41.7%	4.39	N/A	Chart
UAUA	5.89	6.76	+14.8%	6.29	N/A	Chart
PLD	7.73	8.56	+10.7%	7.41	N/A	Chart

Thanks to today's narrow range, low-risk charts for tomorrow.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
EXEL (Exelixis)	5.18	4.87	N/A	Chart
ACM (Aecom)	28.67	27.42	N/A	Chart
CAKE (Cheesecake Factory)	14.33	13.60	N/A	Chart
UA (Under Armour)	19.06	18.19	N/A	Chart

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