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Thursday, December 10, 2009

Trade Ideas for 12/11/09

After gapping up at the open, the market fell asleep and stayed within a narrow range. The coiling continues, and so does the ambiguity with respect to the eventual resolution of this congestion zone. We were stopped out of ARIA, QID and DXD, and bought CAEI, FST and SRS. Optionally, we booked partial profits in AONE.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
AONE 16.81 18.93 +12.6% 16.71 N/A Chart
CAEI 1.11 1.33 +19.8% 1.11 Consider booking profits around current price and at 1.50 (50- and 200-dma respectively) Chart
SKF 25.31 25.25 -0.2% 24.19 N/A Chart
FST 19.61 19.85 +1.2% 18.64 N/A Chart
MZZ 24.47 23.84 -2.6% 23.49 N/A Chart
SRS 8.39 8.34 -0.6% 8.14 N/A Chart


Oddly for a narrow range day, not many inspiring charts for tomorrow.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
HOGS (Zhongpin) 14.76 14.26 N/A Chart
TWM (Ultrashort Russell 2000) 28.31 27.23 N/A Chart

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

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