Trade Ideas for 02/11/09

Relentless selling today—this was the precipitous drop that always seems to accompany price extension in the bear market. That SPY 85 level caved without a fight, but on the plus side, baseline support has not been violated. We'll have to see, but the B wave remains alive.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
DOG	75.51	75.04	-0.6%	71.39	N/A	Chart
BEAV	10.73	10.50	-2.1%	9.81	N/A	Chart
CLR	22.51	21.03	-6.6%	19.87	N/A	Chart
CSR	5.91	5.66	-4.2%	5.16	N/A	Chart

It might take a couple to several days for a rally to develop (assuming one does), but in case it happens tomorrow, a couple charts look well-positioned.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
TLB (Talbot's)	3.06	2.58	N/A	Chart
CME (CME Group)	192.54	175.85	N/A	Chart

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