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Tuesday, January 13, 2009

Trade Ideas for 01/14/09

Late post, so I'll keep it brief. We got a slightly lower low today, but a mildly strong finish means the December lows remain intact. Just really choppy trading, and we lost CZZ for a loss today.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Additional Exit Guideline Chart
BKS 18.17 18.15 -0.1% 17.37 N/A Chart


I've got one idea for each side, depending on which way the market will break.

Trade Ideas for 01/14/09
Ticker Entry Exit A Exit C Chart
BRCD (Brocade) 3.89 3.61 3.56 Chart
SMN (Ultrashort Basic Materials) 40.31 37.97 N/A Chart

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

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