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Monday, January 26, 2009

Trade Ideas for 01/27/09

After a strong start, bullish enthusiasm got ahead of itself and markets pulled back. The good news is, the pullback wasn't severe, and major indices closed positively. Perhaps this is enough for the bulls to mount a campaign Tuesday; we'll see.

The day's range was wide enough that we lost a long and a short. All of yesterday's ideas were elected early on. Into the second week of a narrow range, it's still a grind.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Additional Exit Guideline Chart
SH 79.23 77.06 -2.7% 75.32 N/A Chart
BEAV 9.07 8.97 -1.1% 8.31 N/A Chart
AAPL 90.01 89.64 -0.4% 86.49 N/A Chart
ICO 2.53 2.46 -2.8% 2.13 Consider selling on a close < 2.27 Chart
IVN 3.01 3.05 +1.3% 2.59 N/A Chart


A couple longs in case the market gets going to the upside. If you already own some longs, no need to take on more, as nothing much has changed.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
CSIQ (Canadian Solar) 5.96 5.05 N/A Chart
PBR (Petrobras) 25.46 24.04 22.91 Chart

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

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