Trade Idea for 9/9/08

Neither the bears nor the bulls are willing to concede, and we continue to get gap opens that then get faded. The difference between today and the first of the month is that the bulls mounted a comeback today to close near the highs. Meanwhile, if the current environment has taught us anything, it's not to get too exposed to either the long or short side! And while some charts are looking better than before, the trend on the daily and weekly charts still points down, and that's what we have to go by.

If this rally ends up being more than a countertrend reaction, we will get stopped out of SDS; meanwhile the other holdings are holding up.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
LYV	16.63	16.17	+2.8%	15.47	Hold - chart's looking better	Chart
BPOP	7.67	16.17	+15.8%	7.99	Consider booking ~25% profit near the 200-day moving average of 9.70	Chart
SDS	67.81	16.17	+-1.7%	63.14	Consider selling on a close < 65.31	Chart

As mentioned earlier, charts are looking more constructive, although they aren't setting up the way I trade. DZZ's bullflag is still intact, however.

Trade Ideas for 9/9/08

Ticker	Entry	Exit A	Exit C	Chart
DZZ (Gold Double Short ETN)	35.91	33.99	31.95	Chart

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