Trade Ideas for 10/07/09

The market rallied strongly today, and who knows what will happen next. On the one hand, recent history points to further upside into new recovery highs (see the chart in yesterday's post), but at the same time the market likes to fool as many people as possible and could decide to drop from here. We'll have to wait and see.

As for our holdings, we continue to hold until the market stops us out. Today we sold FXP for a profit and DUG for breakeven. Optionally, positions in the remaining shorts were reduced with today's negative close in each. We missed CSIQ as it gapped up above our buy price.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
SRS	9.56	10.09	+5.5%	9.05	N/A	Chart
SKF	25.11	24.90	-0.8%	23.99	N/A	Chart
QID	23.17	23.24	+0.3%	22.56	N/A	Chart
TWM	28.06	28.58	+1.9%	27.27	N/A	Chart
SSO	32.68	34.18	+4.6%	32.34	N/A	Chart
DGP	23.06	24.64	+6.9%	23.06	N/A	Chart

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
LCC (US Airways)	4.51	4.24	N/A	Chart
VIVO (Meridian Bioscience)	24.43	23.85	N/A	Chart

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