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Wednesday, December 30, 2009

Trade Ideas for 12/31/09

If yesterday's analogue holds true, the market pulled back into short-term support and will commence its final upward movement tomorrow or next week. I'm not inclined to give the market much room to pull farther back; we can always jump back on if it does indeed go up next week. So stops are on the tight side. We were stopped out of FMC and GOLD for losses today and FST for a gain. We bought ASH and also our hedge, TWM.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
AONE 16.81 22.84 +35.9% 21.74 N/A Chart
VVUS 8.76 9.31 +6.3% 8.99 N/A Chart
TWM 24.78 24.57 -0.8% 24.33 N/A Chart
ASH 39.92 40.12 +0.5% 39.36 N/A Chart
CBG 12.31 14.04 +14.1% 13.61 N/A Chart
IVAN 2.74 2.86 +4.4% 2.74 N/A Chart
SBGI 3.81 4.27 +12.1% 4.17 N/A Chart
DDR 9.34 9.38 +0.4% 9.15 N/A Chart
CPST 1.30 1.26 -3.1% 1.22 N/A Chart
VMW 43.01 42.90 -0.3% 42.47 N/A Chart
SOLF 7.71 7.75 +0.5% 7.49 N/A Chart


Tomorrow's ideas are based on the idea of the market finding support today.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
GTI (GrafTech) 16.01 15.49 N/A Chart
LWSN (Lawson) 6.86 6.69 N/A Chart
RDN (Radian) 7.77 7.16 N/A Chart
GNK (Genko Shipping) 22.74 21.99 N/A Chart

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

1 comment:

Jim said...

Wish you a prosperous and successful New Year!!