Trade Ideas for 07/06/09

After six sessions in which the S&P managed a higher high than the day prior (while not really managing to get far), the rally appears to have run out of steam in a hurry. The way this looks, the market has the potential to fall apart in a big way. For one thing, it didn't let us on: our two short ideas gapped over their buy prices and never looked back. The bulls need to hold it together Monday morning, otherwise it could be a rout.

We sold LWSN for a loss Thursday.

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

No short ideas for Monday, because the market is too extended to the downside. You could try buying the short ETFs if they pull back, risking to Wednesday's low. For example, DUG from 19-20, risking to 17.94.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
JAZZ (Jazz Pharmaceuticals)	4.11	3.74	3.64	Chart
IPSU (Imperial Sugar)	13.13	12.31	N/A	Chart

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