Trade Ideas for 09/09/09

At the open, the market hit its best levels of the day on a gap up. It fiercely protected gap support and spent the remainder of the day in a tight range. This action is very hard to read; today's consolidation action could have constituted the "pullback" I was waiting for. So let's let the market show us where it's going next.

Both POT and FRG gapped well above their buy prices at the open and were scratched.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
SDS	44.12	43.13	-2.2%	42.99	N/A	Chart
TWM	32.36	31.74	-1.9%	31.32	N/A	Chart
ARIA	2.26	2.56	+13.3%	2.19	Consider setting sell-stop on partial shares at 2.37	Chart
V	70.44	70.95	+0.7%	69.42	N/A	Chart

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
SKF (Ultrashort Financials)	28.91	27.25	26.43	Chart
GRO (Agria)	2.03	1.83		Chart
HTZ (Hertz)	9.71	9.33	N/A	Chart

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