Trade Ideas for 02/09/10

No follow-through on Friday's late afternoon push, and now the market could be in real trouble. A break of Friday's lows and the S&P could see its 200-day moving average in short order. Its 50-day moving average has already turned south, although not decidedly so. Still holding our shorts, maybe adding.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
SRS	7.61	8.56	+12.5%	7.64	N/A	Chart
MZZ	21.11	23.89	+13.2%	21.92	N/A	Chart
DXD	31.66	32.13	+1.5%	31.18	N/A	Chart
PSQ	45.26	46.57	+2.9%	45.25	N/A	Chart
QID	21.71	21.58	-0.6%	20.37	N/A	Chart

There's the potential that the train leaves the station tomorrow. If not, FST might be good for a bounce.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
TWM (Ultrashort Russell 2000)	28.73	27.20	N/A	Chart
SRS (Ultrashort Real Estate)	8.71	8.06	N/A	Chart
FST (Forest Oil)	24.71	23.45	N/A	Chart

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