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Tuesday, December 8, 2009

Trade Ideas for 12/09/09

The market fell to mid-range levels. Now let's see if there'll be a bounce at support. The bottom of the range is at S&P 1083, and just below that is the 50-day moving average. We loaded up on short positions today and probably won't be adding more until some kind of bounce/consolidation occurs.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
JDAS 24.51 23.94 -2.3% 23.42 N/A Chart
AONE 16.81 18.14 +7.9% 16.71 N/A Chart
ARIA 2.36 2.62 +11.0% 2.44 N/A Chart
PMI 2.21 2.34 +5.9% 2.11 N/A Chart
SKF 25.31 25.37 +0.2% 24.19 N/A Chart
QID 21.11 21.11 0 20.49 N/A Chart
MZZ 24.47 24.18 -1.2% 23.49 N/A Chart
DXD 30.29 30.41 +0.4% 29.49 N/A Chart


Some longs in case the bounce occurs tomorrow.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
FIG (Fortress Investment Group) 4.16 3.91 N/A Chart
IWC (Microcaps ETF) 38.06 37.42 N/A Chart
CPST (Capstone Turbine) 1.37 1.27 N/A Chart
HOT (Starwood Hotels) 34.01 32.49 N/A Chart

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

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