Trade Ideas for 05/21/09

The market ignored yesterday's closing tick and rose to new weekly highs this morning, with the Dow painting a new uptrend high. It ended the day at the lows, lower than yesterday's close, altogether completing an outside reversal day. Fueling the advance was a precipitous drop in the dollar, which resolved the consolidation in gold to the upside. With today's drop the S&P has retraced half of this week's advance. If the market's going up from here, it could do so starting as early as tomorrow. However, momentum is strongly to the downside for the time being.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
DGP	18.68	20.41	+9.3%	19.81	N/A	Chart
SSO	25.06	25.26	+0.8%	23.95	N/A	Chart
HNI	16.84	17.46	+3.7%	16.86	N/A	Chart
YGE	9.11	10.63	+16.7%	9.43	Sell by market close - they report Friday	Chart

The mixed signals continue, therefore a mix of ideas for tomorrow.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
NVAX (Novavax)	2.16	1.86	N/A	Chart
SNDA (Shanda Interactive)	56.36	52.59	N/A	Chart
TWM (Ultrashort Russell 2000)	48.06	44.47	N/A	Chart
SKF (Ultrashort Financials)	48.21	41.12	40.72	Chart

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