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Wednesday, January 28, 2009

Trade Ideas for 01/29/09

Today the market gapped and ran, only letting up for about an hour as it digested the Fed's announcement. Most charts closed near their highs of the day.

We sold SH early for a larger-than-budgeted loss as it gapped down. We bought TWC, but EWC gapped too high and didn't pull back enough, so it's left off our roster of holdings.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Additional Exit Guideline Chart
BEAV 9.07 10.36 +14.2% 9.56 N/A Chart
AAPL 90.01 94.20 +4.7% 89.73 N/A Chart
ICO 2.53 2.70 +6.7% 2.45 N/A Chart
IVN 3.01 2.94 -2.3% 2.59 N/A Chart
TWC 18.93 19.53 +3.2% 18.79 Consider booking some profit at the 50-day moving average around 19.76 Chart


Not many charts have the setup I'm looking for since they ran so high today. Here are a couple I found.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
TV (Grupo Televisa) 15.51 14.68 14.32 Chart
CSIQ (Canadian Solar) 5.86 5.45 5.02 Chart

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

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