Trade Ideas for 08/20/09

The lows from Monday held early on despite a knife-like drop, and subsequently a more significant rally ensued. Now the market's in no-man's land; it could break down and head lower, or it could decide that the 40-point decline from 1018 over the course of a week was enough of a correction for now, and head to new recovery highs. We simply won't know which course the market will take until it takes it.

We bought SRZ today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
SRS	12.31	13.32	+8.2%	12.31	Consider setting sell-stop on partial shares at 12.87	Chart
FXP	10.04	10.50	+4.6%	10.04	Consider setting sell-stop on partial shares at 10.48	Chart
SKF	30.52	29.72	-2.6%	28.11	Consider setting sell-stop on partial shares at 29.46	Chart
SRZ	2.19	2.17	-0.9%	1.94	N/A	Chart

We're going to have to have plays on both sides for tomorrow.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
ACXM (Acxiom)	10.21	9.88	N/A	Chart
GS (Goldman Sachs)	160.91	157.99	N/A	Chart
CLF (Cliffs Natural Resources)	27.06	25.49	N/A	Chart
QID (Ultrashort QQQQ)	28.08	26.74	N/A	Chart
EEV (Ultrashort Emerging Markets)	17.93	16.79	N/A	Chart

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