Trade Ideas for 03/04/09

Up until the last hour and a half, it looked like we might get our reversal day. But it wasn't meant to be, and instead the market closed near the lows of the day and continued plunging after hours. From here, we could head lower or reverse sharply. My guess is that we at least revisit today's after-hours lows, around S&P 680. Then again, the futures market has since made it all the way back to today's close (696).

Today we were stopped out of CYBS and bought TLT and SWKS. The latter performed exceptionally well in a really nasty market. Most of our short positions actually pulled back today, but that's a bit deceptive given the after-hours action. If you took profits on any shorts today, let the rest ride.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
DUG	30.01	34.15	+13.8%	32.22	N/A	Chart
RWM	80.01	86.68	+8.3%	83.63	N/A	Chart
SWKS	6.61	6.95	+5.1%	6.14	Consider selling on a close < 6.31	Chart
SRS	83.51	90.63	+8.5%	86.08	N/A	Chart
SMN	51.16	54.47	+6.5%	52.48	N/A	Chart
TLT	103.31	102.59	-0.7%	101.20	N/A	Chart

Bringing forward the picks from yesterday that didn't get elected, in case tomorrow is the real reversal.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
ATVI (Activision Blizzard)	10.27	9.75	9.29	Chart
GVA (Granite Construction)	36.63	34.29	33.58	Chart

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