Trade Ideas for 10/08/09

The market gapped up at the open, moved slightly higher then closed where it opened. We sold all our remaining short positions, SRS for a profit, TWM for a bit less than breakeven on a gap down open, and SKF and QID for losses. We bought HL, RBY and HOLX. PCX, which we missed, gapped above its buy price and never came down.

I couldn't find good setups for tomorrow. As insurance, tomorrow's ideas are shorts that shouldn't trigger unless the market crashes.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
HL	5.01	5.02	+0.2%	4.72	N/A	Chart
RBY	4.54	4.56	+0.4%	4.32	N/A	Chart
HOLX	16.71	16.72	+0.0%	16.36	N/A	Chart
SSO	32.68	34.93	+6.9%	33.68	N/A	Chart
DGP	23.06	25.18	+9.2%	24.33	N/A	Chart

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
SDS (Ultrashort S&P 500)	41.01	39.07	N/A	Chart
MZZ (Ultrashort Midcaps)	26.06	24.49	N/A	Chart

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