Trade Ideas for 11/25/08

Nice rally today, but I'm not buying it. Probably the most telling indication is that volume has been trailing off since Thursday's low. Granted, we are in a holiday-shortened week, but in all likelihood we'll get a pullback tomorrow. The real question is how the pullback's going to look. Under the bullish scenario, this incipient rally merely takes a breather before continuing upward. Under the bearish scenario(s), something else happens. Edge to the latter, unfortunately.

We bought all three signals from yesterday, and two of them look ready to be plucked as they near their 200-day moving averages. Check the Additional Exit Guideline column for more info.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
GLD	74.27	80.91	+8.9%	75.44	Consider taking some profit if you haven't already	Chart
AN	7.01	7.56	+7.8%	5.79	Consider booking profit as AN nears its 200dma ca. 8.30	Chart
ACM	21.84	24.65	+12.9%	21.24	Consider booking profit as ACM nears its 200dma ca. 26.50	Chart
LNG	2.94	3.00	+2.0%	2.49	N/A	Chart

After today's rally, not many charts look safe enough to enter. A pullback will help set us up for the next move.

Trade Ideas for 11/25/08

Ticker	Entry	Exit A	Exit C	Chart
UGP (Ultrapar Participacoes)	22.62	20.99	18.45	Chart

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