Trade Ideas for 06/10/09

Not much follow-through in either direction with today's market, although at the high we were marginally higher than yesterday's closing-hour high. For now, May's 50-point range (875-925) has been swapped for June's 25-point range (925-950). The market can break out in either direction.

We bought TIE today. Once again, given the maturity of this rally and the amount of exposure to the long side, I recommend booking partial profit on a gap up or advantageous close tomorrow.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Add'l Exit Guideline	Chart
SSO	25.06	27.47	+9.6%	26.43	N/A	Chart
UYG	4.11	4.29	+4.4%	4.11	N/A	Chart
CPSL	2.26	2.72	+20.4%	2.39	N/A	Chart
UWM	20.86	20.65	-1.0%	19.85	N/A	Chart
SPAR	10.48	11.01	+5.1%	9.90	N/A	Chart
TIE	11.03	10.99	-0.4%	10.31	N/A	Chart

50/50 longs and shorts, again.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
DXD (Ultrashort Dow 30)	46.46	44.64	44.31	Chart
FITB (Fifth Third Bancorp)	7.42	7.14	6.90	Chart

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