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Wednesday, September 9, 2009

Trade Ideas for 09/10/09

The market continues to chug along, nearing new recovery highs. The S&P rarely strings together 5 winning days in a row so I'm a bit wary for tomorrow, but the market is signaling higher prices. We sold SDS and TWM for losses and bought HTZ today.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
HTZ 9.71 10.44 +7.5% 9.49 N/A Chart
ARIA 2.26 2.56 +13.3% 2.37 N/A Chart
V 70.44 70.48 +0.0% 69.42 N/A Chart


Stockcharts has been down all day, but I still found a couple of charts that look good.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
MXIM (Maxim) 19.27 18.69 N/A Chart
SLB (Schlumberger) 58.43 56.84 N/A Chart

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

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