Trade Ideas for 10/20/09

The S&P poked above 1100 today, successfully bouncing off that lower channel trendline. The top of the channel is around 1112 for tomorrow, and a break below today's low will take the average out of the channel. So let's wait and see which one breaks first.

We bought AONE today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
SSO	32.68	36.99	+13.2%	35.99	N/A	Chart
AONE	24.31	23.63	-2.8%	22.79	N/A	Chart

Because of today's breakout, not many long ideas for tomorrow. For the short ideas, a break of today's high in each is acceptable but on the aggressive side; instead I've chosen entry prices that require more evidence of downside.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
CBAK (China BAK Battery)	4.64	4.41	N/A	Chart
TWM (Ultrashort Russell 2000)	27.58	26.35	N/A	Chart
SKF (Ultrashort Financials)	24.37	23.31	N/A	Chart
SDS (Ultrashort S&P 500)	38.31	36.94	N/A	Chart

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