Trade Ideas for 04/09/09

Today was a wild see-saw day that ended with the market green for the first time this week. Between yesterday and today, the S&P tested the 815 level several times, and each time the level held. After five sessions of consolidation, the market may be ready to move. Because this was a relatively long basing period, the follow-on move has the potential to be explosive. A reminder that the market is closed Friday, so this will be the last post this week.

Today we bought CMED and LDK. MET gapped up far above the buy price, thus invalidating the signal, so it isn't counted among the new purchases.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
MELI	17.39	19.42	+11.7%	17.99	N/A	Chart
CMED	16.64	17.59	+5.7%	15.99	N/A	Chart
LDK	7.64	7.74	+1.3%	6.49	N/A	Chart
CLS	3.24	4.56	+40.7%	4.35	N/A	Chart

Let's see if the uptrend from early March is ready to resume.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
UAUA (UAL)	5.89	5.40	N/A	Chart
TMX (Telefonos de Mexico)	16.72	16.25	15.96	Chart
UWM (Ultra Russell 2000)	15.11	14.22	N/A	Chart
PLD (ProLogis)	7.73	6.49	N/A	Chart

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