Trade Ideas for 12/03/09

The S&P joined the Dow in breaking through to new uptrend highs today and then began selling off. However, unlike previous sell-offs after new topping range highs, the selling subsided by the end of the day. Could the market be gearing for a breakout to the upside, or will it fall back into the range? Tomorrow the market should let us know, by either continuing upward or falling back. I don't think it has decided yet.

We bought ARIA today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
TWM (trending)	27.58	28.04	+1.7%	27.27	N/A	Chart
AONE	16.81	17.76	+5.6%	15.79	N/A	Chart
ARIA	2.36	2.44	+3.4%	2.21	N/A	Chart

Ideas in both directions tomorrow.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
FIG (Fortress Investment Group)	4.09	3.87	N/A	Chart
DIG (Ultra Oil & Gas)	36.23	34.99	N/A	Chart
MDR (Mcdermott)	21.31	20.49	N/A	Chart
MRK (Merck)	37.24	36.44	N/A	Chart
PSQ (Short QQQQ)	45.76	45.10	N/A	Chart
SH (Short S&P 500)	53.19	52.65	N/A	Chart

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