Trade Ideas for 06/15/09

After briefly breaking out of the 925-950 range on Thursday, it appears the S&P has fallen back in, given Friday's minimal movement. My take is that the fireworks have been postponed till next week. Whether the move is to the upside or downside, there is explosive potential.

Friday we sold CPSL for a profit and bought SRS and SCC in the morning swoon. By the close, we were stopped out of SRS.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Add'l Exit Guideline	Chart
SSO	25.06	27.80	+10.9%	26.68	Consider selling on a close < 27.13	Chart
FITB	7.42	8.03	+8.2%	7.47	N/A	Chart
SCC	61.84	61.20	-1.0%	58.27	N/A	Chart
SPAR	10.48	11.21	+7.0%	10.75	Consider selling on a close < 10.95	Chart
TIE	11.03	11.03	+0%	10.79	N/A	Chart

Sticking with this month's theme

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
CENX (Century Aluminum)	8.06	7.34	N/A	Chart
OMTR (Omniture)	13.56	12.99	12.74	Chart
DUG (Ultrashort Oil & Gas)	16.54	15.70	14.99	Chart
QID (Ultrashort Nasdaq-100)	32.81	31.74	30.85	Chart

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