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Thursday, February 4, 2010

Trade Ideas for 02/05/10

What a swoon. Could that be as close as the averages get to their 50-day moving averages this go round? It looks like it, as the market plunged to new downtrend lows. I think it's time to chase. We were stopped out of BEE and BLDP today.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
SRS 7.61 8.49 +11.6% 7.64 N/A Chart
MZZ 21.11 23.64 +12.0% 21.92 N/A Chart
CYTR 1.26 1.24 -1.6% 1.18 N/A Chart
PSQ 45.26 46.63 +3.0% 45.25 N/A Chart


Some shorts to chase, and a biotech.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
FXP (Ultrashort Xinhua 25) 10.06 8.99 N/A Chart
QID (Ultrashort QQQQ) 21.71 20.37 N/A Chart
DXD (Ultrashort Dow) 31.66 29.83 N/A Chart
DVAX (Dynavax) 1.61 1.46 N/A Chart

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

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