Trade Ideas for 12/10/09

After hitting monthlong trading range lows early on, the market bounced, came in, tested within a point of the low, and then bounced higher. After-hours prices have relaxed a bit. What the market does next promises to be big. After such a lengthy consolidation, it has the potential to be a sudden and powerful move. We were stopped out of JDAS and PMI today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
AONE	16.81	18.91	+12.5%	16.71	Consider booking partial profit near the 50-day moving around (around 19.40)	Chart
ARIA	2.36	2.56	+8.5%	2.44	N/A	Chart
SKF	25.31	25.23	-0.3%	24.19	N/A	Chart
QID	21.11	20.67	-2.1%	20.49	N/A	Chart
MZZ	24.47	24.16	-1.3%	23.49	N/A	Chart
DXD	30.29	30.12	-0.6%	29.49	N/A	Chart

We got a bounce today, so there are a couple of short ideas in tomorrow's mix. Real estate has a chart that could go either way, so there are long and short ideas there.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
CAEI (China Architectural Engineering)	1.11	1.02	N/A	Chart
CSR (China Security)	7.01	6.65	N/A	Chart
FST (Forest Oil)	19.61	18.64	N/A	Chart
URE (Ultra Real Estate)	6.51	6.25	N/A	Chart
SRS (Ultrashort Real Estate)	8.39	8.14	N/A	Chart
VXX (VIX Volatility Index ETF)	39.61	38.77	N/A	Chart

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