Trade Ideas for 03/25/09

Today was a consolidation day, with prices pulling back into the close. After the huge rally at the end of the day yesterday, the market is now giving us an entry point. Looking back at yesterday's price action, trading after 3PM took place above the Wave 1 low from January. This suggests that we have been in the beginning stages of Primary B (multi-month rally wave) since earlier this month, rather than the latter stages of Primary A as I had been postulating. This would shift the stance from mistrusting the rally to embracing it.

Today we bought MELI and sold AVA.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
ITU	9.66	11.40	+18.0%	11.05	N/A	Chart
DXO	2.51	3.15	+25.5%	2.99	N/A	Chart
GGB	5.29	5.47	+3.4%	5.17	N/A	Chart
MELI	17.39	16.88	-2.9%	15.99	N/A	Chart
RIMM	42.19	44.20	+4.8%	42.43	N/A	Chart

More than the usual number of ideas for tomorrow. If we're in the Primary B uptrend, then further upside is the name of the game. But we could just start plummeting tomorrow, too; after all, the close was pretty brutal.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
URS (URS)	41.46	39.99	38.63	Chart
CLS (Celestica)	3.24	3.09	2.97	Chart
EGO (El Dorado Gold)	9.01	8.19	N/A	Chart
DIG (Ultra Oil & Gas ETF)	25.26	23.80	N/A	Chart
SSO (Ultra S&P 500)	21.31	20.32	N/A	Chart
UDN (US Dollar Bearish Fund)	25.79	25.48	N/A	Chart

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