Trade Ideas for 05/29/09

It was a day of strong moves in both directions. Why do market participants save their craziest stuff for Thursdays? Anyway, there wasn't enough strength in either direction (or perhaps too much strength in both directions) for the market to break through the recent trading range.

We bought UUP; otherwise, no changes in positions.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
DGP	18.68	21.23	+13.7%	20.62	N/A	Chart
SSO	25.06	25.43	+1.5%	23.99	N/A	Chart
ASIA	20.68	20.80	+0.6%	18.79	N/A	Chart
TWM	50.67	46.81	-7.6%	44.74	N/A	Chart
SMN	20.43	18.71	-8.4%	17.99	N/A	Chart
UUP	24.12	24.07	-0.2%	23.92	N/A	Chart

If the trading range gets broken tomorrow, let's jump aboard via the financial sector and hope the move's for real. Also, a couple of China plays.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
UYG (Ultra Financials)	4.11	3.70	N/A	Chart
SKF (Ultrashort Financials)	46.21	42.12	N/A	Chart
CPSL (China Precision Steel)	2.26	1.99	N/A	Chart
GU (Gushan Environmental Energy)	2.84	2.64	2.49	Chart

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