Trade Ideas for 07/02/09

The bulls again managed to break the prior day's high in the S&P, making it 6 days in a row, but just by a hair and with no follow-through. Can they make it 7 in a row? Tomorrow's the last trading day of the week, as markets break for July 4th. I don't see it being a high-volume day. We bought LWSN today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Add'l Exit Guideline	Chart
NVAX	2.62	2.88	+9.9%	2.62	N/A	Chart
LWSN	5.64	5.75	+2.0%	5.54	N/A	Chart

A couple long, a couple short for tomorrow.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
PJC (Piper Jaffray)	45.01	43.49	N/A	Chart
ABAT (Advanced Battery)	4.11	3.84	N/A	Chart
SMN (Ultrashort Basic Materials)	19.22	17.91	N/A	Chart
SKF (Ultrashort Financials)	42.78	40.91	N/A	Chart

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