Trade Ideas for 07/17/09

Still no pullback, and it would be natural to see one after four up days in a row. Even the big rally off the March lows, which this advance resembles, experienced a slight down day on the 5th day of the advance:

But there's no denying the strength of this rally, and the comparison to the rally off the March lows may be apt if this turns out to be the beginning of another 3-month, 300-point move (and note that since the low at 869, 75 points have already been traversed). But one step at a time; let's first make sure that this market is able to hold onto its gains next week.

We were stopped out of TQNT by a single penny today, and within the first 10 minutes of trading. Very frustrating, but it's the price you pay to stay solvent. If you didn't get stopped out, the new sell-stop is 5.74.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
CFSG	12.36	13.44	+8.7%	12.99	N/A	Chart
AEIS	10.21	11.51	+12.7%	10.66	N/A	Chart
AHL	23.43	24.87	+6.1%	24.44	N/A	Chart

As extended as the market feels, some charts now have good-looking entry points.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
MTL (Mechel Steel)	9.19	8.33	N/A	Chart
ABAT (Advanced Battery)	3.93	3.82	3.74	Chart
UYG (Ultra Financials)	4.16	3.94	3.68	Chart
DGP (Gold Double Long ETN)	20.28	19.86	N/A	Chart

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