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Wednesday, February 17, 2010

Trade Ideas for 02/18/10

S&P approaching its 50-day moving average - and just might hit it this time around. The first touch, at least, tends to be resistance, so it's time for caution and tightened stops. We were stopped out of FST for a nice profit and into LIZ.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
BLDP 2.24 2.40 +7.1% 2.18 N/A Chart
NGD 4.48 4.88 +8.9% 4.72 N/A Chart
LIZ 5.81 5.92 +1.9% 5.54 N/A Chart
HANS 39.27 39.48 +0.5% 38.76 N/A Chart


New Trade Ideas
Ticker Entry Exit A Exit C Chart
BBT (BB&T) 27.51 26.99 N/A Chart
BZQ (Ultrashort Brazil) 27.19 25.68 N/A Chart
DUG (Ultrashort Oil & Gas) 13.01 12.49 N/A Chart

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

3 comments:

Anonymous said...

Links are pointing to previous stocks. Do you think we will test the high again.

Scott

Chris said...

It doesn't matter what I think, but for the record, no.

Anonymous said...

I meant to ask your opinion. Thanks for all the posts.

Thanks, Scott