Trade Ideas for 9/4/08

A return to normalcy after yesterday's rollercoaster? Maybe not. Look beneath the surface and some interesting divergences emerge. The Russell 2000 is holding up, but the Nasdaq-100 is breaking down. The financials showed strength, yet the S&P closed down for the day. We continue to await a breakout or breakdown in the S&P.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
BPOP	7.67	8.65	+12.8%	7.99	Consider booking some profit at the 200-day moving average around 9.71	Chart
LYV	16.63	16.17	-2.8%	15.19	Consider selling on a close < 15.58	Chart
LVLT	3.54	3.41	-4.0%	3.18	Consider selling on a close < 3.30	Chart
UWM	54.81	53.91	-1.6%	50.22	Consider selling on a close < 52.38	Chart
NDAQ	33.23	33.36	+0.4%	32.21	Consider selling a portion on a close < 32.67	Chart

Staying conservative in this tricky market, let's play what we already have and wait for a move in the S&P. There are some promising charts in the financials, but we already have exposure in the form of BPOP. KEY is for those of you who don't own BPOP or who want some additional exposure to the sector.

Trade Ideas for 9/4/08

Ticker	Entry	Exit A	Exit C	Chart
KEY (KeyCorp)	13.01	12.26	11.99	Chart
SDS (UltraShort S&P)	67.81	63.14		Chart
SSO (UltraLong S&P)	64.34	59.27		Chart

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