Trade Ideas for 12/23/08

Markets continue to deteriorate. Increasingly it's looking like the market will not get higher, thus indicating that wave a off the lows is complete. Violating the December 12th low would seal that deal. However, things often happen on Tuesdays, so let's wait and see.

Sold today were CHS for a profit and VMW for a loss. No new positions. On a down day tomorrow we might lose the rest. If a couple holdings hit their sell-stops, consider selling the rest to cut losses/preserve profits. It's much easier playing the market when you're all/mostly in cash!

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
LIHR	16.21	18.82	+16.1%	17.10	Consider selling on a close < 18.52	Chart
TRN	15.21	14.71	-3.3%	14.28	N/A	Chart
GLBL	3.82	3.44	-9.9%	3.24	N/A	Chart
FAF	28.07	27.63	-1.6%	25.56	Consider selling on a close < 27.19	Chart
V	54.61	53.75	-1.6%	52.97	N/A	Chart

Gold looks like it'll correct for a little bit more, and the solars can still pop in this type of environment. Thus the ideas for tomorrow.

Trade Ideas for 12/23/08

Ticker	Entry	Exit A	Exit C	Chart
DZZ (UltraShort Gold ETN)	28.22	26.85	N/A	Chart
CSUN (China Sunergy)	4.21	3.72	N/A	Chart

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