Trade Ideas for 05/13/09

Mixed finish today, Dow green, S&P red. The day started with selling, breaking through Thursday's lows in the process. Then buyers dug in their heels and drove the tape up. The parabola has disappeared, yet the selling never became that intense. While I believe upside is limited, new uptrend highs remain a possibility. A break of today's lows would rule that out.

We bought SRS, DXO and GG today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
DGP	18.68	19.88	+6.4%	19.49	N/A	Chart
GOLD	45.56	59.82	+31.3%	57.99	N/A	Chart
QID	37.92	37.73	-0.5%	35.99	N/A	Chart
SRS	23.01	21.58	-6.2%	19.49	N/A	Chart
DXO	3.56	3.52	-1.1%	3.37	N/A	Chart
GG	32.64	33.93	+3.9%	32.34	N/A	Chart
APL	5.32	5.17	-2.8%	4.78	N/A	Chart

Long and short ideas, depending on which direction the market chooses.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
SSO (Ultra S&P)	26.17	24.91	N/A	Chart
SDS (Ultrashort S&P)	59.89	57.34	N/A	Chart
GTIV (Gentiva Health Services)	19.62	18.80	N/A	Chart

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