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Tuesday, November 24, 2009

Trade Ideas for 11/25/09

The market held on to yesterday's gains but price entered the territory of yesterday's gap up. As the holiday week continues, interest in the stock market wanes, and as a result the setups provided by today's low-volume doji may not be that trustworthy. We bought SRS today.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
TWM (trending) 27.58 28.45 +3.2% 27.27 N/A Chart
TBT 46.16 45.33 -1.8% 45.12 N/A Chart
SRS 9.02 8.98 -0.4% 8.45 N/A Chart


Despite the low volumes, tomorrow's ideas may work out simply because they're runners. If they do run, look to book some profit. Note: there won't be any new ideas for Friday's half-session, just an update on current holdings.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
MON (Monsanto) 80.86 79.17 N/A Chart
NANO (Nanometrics) 12.11 10.99 N/A Chart

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

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