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Thursday, June 18, 2009

Trade Ideas for 06/19/09

Nice consolidation today, and now the short ETFs are set up well for new entries.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Add'l Exit Guideline Chart
DUG 16.54 17.86 +8.0% 14.99 N/A Chart
SCC 61.84 64.38 +4.1% 58.27 N/A Chart
QID 32.81 33.28 +1.4% 30.85 N/A Chart


Most of the short ETFs have good entries; tomorrow's first three ideas are just a sampling. TZA is a Direxion 3x ETF, so sell it by tomorrow's close. However, if TZA is elected and closes near its high, hold at least 1/2 position overnight. VXX is an instrument designed to track the VIX Volatility Index, which has tended to move inversely with the market. And finally, APOL is a long idea that has a history (along with its sector peers) of not tracking with the overall market.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
SMN (Ultrashort Basic Materials) 19.86 18.40 N/A Chart
SKF (Ultrashort Financials) 45.68 42.90 N/A Chart
TZA (Small Cap Bear 3x) 24.51 22.66 N/A Chart
VXX (VIX Short-Term Futures ETN) 80.28 76.93 N/A Chart
APOL (Apollo Group) 67.11 65.41 N/A Chart

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

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