Trade Ideas for 12/14/09

Friday gave us another narrow range day and higher prices across the indices. The market's tendency to move upward the past few weeks has not resulted in much price gain, but it does give off a sense of doggedness. Despite some financial shocks and a strengthening dollar, the market remains within its trading range.

Next week we have options expiration but also on Wednesday the FOMC announcement. Not a light week, and a good chance we'll get a break of this trading range as a consequence. Given the market's elevated price levels in the face of troubling news, an upward break seems likelier. We were stopped out of MZZ and SRS Friday.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
AONE	16.81	18.25	+8.6%	16.71	N/A	Chart
CAEI	1.11	1.30	+17.1%	1.20	N/A	Chart
SKF	25.31	24.85	-1.8%	24.19	N/A	Chart
FST	19.61	20.10	+2.5%	18.64	N/A	Chart

Charts look ripe for some of the riskier issues to jump next week.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
GSS (Golden Star Resources)	3.66	3.44	N/A	Chart
VVUS (Vivus)	8.76	8.41	N/A	Chart
BKD (Brookdale Senior Living)	17.61	17.04	N/A	Chart
CBG (CB Richard Ellis)	12.31	12.03	N/A	Chart

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