Trade Ideas for 9/11/08

Today's action was mild by comparison to the past couple of days. Most charts recovered some of yesterday's losses, but the lack of real movement made it seem like the action came from shorts taking profits rather than bulls mounting a comeback rally. Tomorrow may tell us whether there is any hope left for the bulls, or if today was just a pause in a broad downward move.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
SDS	67.81	70.04	+3.3%	65.31	Stay the course	Chart

I've made the re-entry price for SDS a bit more aggressive since today's action felt like a pullback in a downward move. While more charts are looking OK, if there is to be a rally I would expect a lot of charts to be setup for entry, and that's just not the case.

Trade Ideas for 9/11/08

Ticker	Entry	Exit A	Exit C	Chart
SDS (UltraShort S&P)	71.51	68.82	65.31	Chart
TV (Grupo Televisa)	24.01	23.26	22.63	Chart
ATHN (AthenaHealth)	35.04	31.90	29.34	Chart

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