Trade Ideas for 02/02/09

Well, the sellers left us a little breathing room. While the Dow closed at 8,000 and has less than 100 points left before this little uptrend is considered aborted, the other major indices have a bigger cushion. Thing is, bear markets can surprise; pullbacks go deeper, closer to breakdown points without actually breaking down. Because the bears did leave that bit of breathing room, I can't say that the bullish case is finished. Let's see what February brings.

EXPE was a purchase on a morning fakeout, and ICO and TWE were sold for losses. BEAV was sold for a decent profit in advance of earnings.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
AAPL	90.01	90.13	+1.1%	89.73	N/A	Chart
IVN	3.01	2.70	-10.3%	2.59	N/A	Chart
EXPE	9.44	8.93	-5.4%	8.60	N/A	Chart

One odd thing Friday afternoon was that as financials went down the toilet, the solar sector began to soar. Odd, but noteworthy, so I have a solar idea for Monday. And just to cover the possibility of a breakdown, a short.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
SOL (Renesola)	3.87	3.49	N/A	Chart
IBB (Biotech iShares)	72.01	70.48	N/A	Chart
DOG (Short Dow)	75.51	70.99		Chart

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