Trade Ideas for 08/11/09

Friday's pullback continued, but stopped just above the S&P 1,000 mark before bouncing. With the Fed announcement coming Wednesday, the market might just hang around for a couple days. We sold FCX for a loss today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
QID	26.61	26.53	-0.3%	25.96	N/A	Chart

There are setups in both directions. As with yesterday, if you own QID, no need to go for a second helping.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
UWM (Ultra Russell 2000)	24.63	23.65	N/A	Chart
SWC (Stillwater Mining)	7.06	6.42	N/A	Chart
FXP (Ultrashort Xinhua 25)	10.04	9.49	8.99	Chart
QID (Ultrashort QQQQ)	27.11	25.96	N/A	Chart
SRS (Ultrashort Real Estate)	12.31	11.19	N/A	Chart

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