Trade Ideas for 12/08/09

After a wild couple of sessions to end last week, the market started off the new week with a narrow-range doji. But it feels like the market is coiling, getting ready for the next big move. The question is, will it be up or down. With weakness today in financials, real estate, energy and AAPL, the chance of a downside breakout has improved. Surprisingly, given that Friday saw a new uptrend high in the S&P, energy (XLE) hit a one-month low today. But the medium-term trend has been up, complicating the picture. We bought PMI today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
JDAS	24.51	24.61	+0.4%	23.42	N/A	Chart
AONE	16.81	17.56	+4.5%	16.71	N/A	Chart
ARIA	2.36	2.47	+4.7%	2.21	N/A	Chart
PMI	2.21	2.34	+5.9%	1.99	N/A	Chart

Lots of signals for tomorrow. Given the recent market strength, the short ETF signals look relatively strong.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
GMO (General Moly)	2.32	2.20	N/A	Chart
CAF (China Fund)	35.18	34.72	N/A	Chart
CPST (Capstone Turbine)	1.37	1.28	N/A	Chart
CHS (Chico's FAS)	14.39	13.79	N/A	Chart
GE	16.51	15.99	N/A	Chart
SKF (Ultrashort Financials)	25.31	24.19	N/A	Chart
QID (Ultrashort QQQQ)	21.11	20.49	N/A	Chart
DXD (Ultrashort Dow 30)	30.29	29.49	N/A	Chart
MZZ (Ultrashort Midcaps)	24.47	23.49	N/A	Chart

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