Trade Ideas for 01/23/09

Despite the wide range, today's prices were within the bounds of yesterday's highs and lows, making it an inside consolidation day. While the market could still break to the upside, time is running out.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
BEAV	9.07	8.87	-2.2%	8.14	N/A	Chart
SH	79.23	77.78	-1.8%	75.32	N/A	Chart
AER	6.21	5.90	-4.9%	5.29	N/A	Chart

Although we're down in our current holdings, their charts look good; it just depends on which way the market breaks. Tomorrow's ideas are essentially duplicates of our current holdings (note that AER and BEAV are both airline-related), with DOG instead of SH for the short-side bet. I don't recommend doubling down on your positions; these ideas are only good if you don't have a position in them yet. This is because I don't think it's time to take on more risk. The market has yet to indicate which direction it will take.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
AER (AerCap)	6.32	5.69	5.29	Chart
DOG (Short Dow)	75.33	72.77	72.42	Chart

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