Trade Ideas for 05/15/09

The bulls fought back today, but didn't get very far (yet). If they're going to mount a comeback, they'll have to avoid further downside. Either a push upward tomorrow or another day of basing would keep bullish hopes alive. It's options expiration day, so anything goes.

We bought HNI and sold DXO for a loss.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
DGP	18.68	19.93	+6.7%	19.49	N/A	Chart
SDS	59.89	60.40	+0.9%	57.49	N/A	Chart
QID	37.92	38.93	+2.7%	37.35	N/A	Chart
SRS	23.01	22.93	-0.4%	20.67	N/A	Chart
HNI	16.84	16.57	-1.6%	15.99	N/A	Chart
GG	32.64	33.58	+2.9%	32.44	N/A	Chart

The charts read like the bears have control, but from a similar setup on April 20th, the bulls ran the charts to new highs. So I continue to hedge short ideas with long ones.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
BIDU (Baidu)	240.73	229.49	N/A	Chart
MON (Monsanto)	91.91	89.41	88.58	Chart
TWM (Ultrashort Russell 2000)	52.06	48.37	N/A	Chart
SKF (Ultrashort Financials)	49.73	45.10	N/A	Chart

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