Trade Ideas for 12/04/08

Since Monday's huge drop, we've had a couple days of upward drift into Thursday. Although the major indices were range-bound, quite a few charts broke to the upside today. For the most part, these were breakouts from cup-and-handle setups. Perhaps these breakouts are a preview of what's to come tomorrow, and we'll finally get a definitive statement as to which direction the market wishes to take.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
AN	7.01	9.25	+31.9%	8.46	None	Chart
VMC	64.01	63.59	-0.7%	58.68	Consider selling on a close < 61	Chart

Tomorrow has the potential to be a strong up day. Emphasis on potential. I plan to ratchet up my risk per trade on the long ideas because I like the risk-reward picture. One short idea thrown in, just in case.

Trade Ideas for 12/04/08

Ticker	Entry	Exit A	Exit C	Chart
F (Ford)	3.02	2.57	2.67	Chart
DAL (Delta Air)	8.87	7.79	7.99	Chart
KGC (Kinross Gold)	14.96	13.49	N/A	Chart
SMN (Ultrashort Basic Materials)	93.81	81.86	84.29	Chart

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