Trade Ideas for 08/31/09

As suggested, the market attained a new recovery high Friday. However, the high was marginal and immediately sold. Thursday's lows remain unbreached, and until that happens the bulls retain control.

We lost QID on a gap down open and bought V and UYG.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
GS	160.91	164.42	+2.2%	163.24	N/A	Chart
FXP	10.04	10.60	+5.6%	9.98	N/A	Chart
SRZ	2.19	2.32	+5.9%	2.04	N/A	Chart
VXX	57.34	58.51	+2.0%	56.06	N/A	Chart
REG	33.27	33.67	+1.2%	32.09	N/A	Chart
V	70.44	70.50	+0.9%	69.27	N/A	Chart
UYG	5.84	5.77	-1.2%	5.49	N/A	Chart

A few longs for Monday; no need to elect these if you already own some of the current longs. Upside action from here looks to be tricky. In case Thursday's low does get broken, a couple shorts.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
VLO (Valero)	19.38	18.79	N/A	Chart
AMR	5.88	5.64	N/A	Chart
ARIA (Aria Pharmaceuticals)	2.26	2.14	N/A	Chart
SDS (Ultrashort S&P 500)	44.12	42.08	N/A	Chart
TWM (Ultrashort Russell 2000)	32.36	30.24	N/A	Chart

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