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Tuesday, September 29, 2009

Trade Ideas for 09/30/09

The market couldn't decide on a direction today. As long as the major averages stay above their Friday lows, the possibility of new recovery highs remains.

No changes to our holdings. UNG opened over 2% below the sell-stop, so it was a scratch.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
FXP 8.96 9.58 +6.9% 8.96 (or whichever price is breakeven) N/A Chart
SRS 9.56 9.53 -0.3% 8.71 N/A Chart
DUG 14.31 14.36 +0.3% 13.71 N/A Chart
SKF 25.11 24.72 -1.6% 23.58 N/A Chart
QID 23.17 23.03 -0.6% 22.06 N/A Chart
TWM 28.06 27.95 -0.4% 26.65 N/A Chart
SSO 34.16 34.53 +1.1% 33.33 N/A Chart


Three longs, three shorts for tomorrow. Consolidation days lend further potential strength to whichever direction the market settles upon. If FXP is elected, set sell-stop for all positions to 9.39.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
AMCC (Applied Micro) 9.91 9.62 9.49 Chart
GTIV (Gentiva) 25.86 25.06 24.79 Chart
CNQ (Canadian Natural Resources) 68.08 65.94 N/A Chart
SCO (Ultrashort Crude Oil) 19.46 18.39 N/A Chart
GLL (Ultrashort Gold) 13.21 12.92 N/A Chart
FXP (Ultrashort Xinhua 25) 9.86 9.39 N/A Chart

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

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