Trade Ideas for 06/22/09

A little bit more upside today, but the price action was unconvincing, as the S&P proved unable to make it above Tuesday's highs. The Dow closed in the red, to boot. A bearish bias is still warranted.

We bought APOL today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Add'l Exit Guideline	Chart
DUG	16.54	18.13	+9.6%	14.99	N/A	Chart
SCC	61.84	63.91	+3.3%	58.27	N/A	Chart
QID	32.81	32.63	-0.5%	30.85	N/A	Chart
APOL	67.11	66.19	-1.4%	65.49	N/A	Chart

For Monday, a few more short ideas, and revisiting the prospects for gold on a bounce at the 50-day moving average.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
SMN (Ultrashort Basic Materials)	19.86	18.21	N/A	Chart
SRS (Ultrashort Real Estate)	21.51	20.12	N/A	Chart
ZSL (Ultrashort Silver)	8.89	8.44	N/A	Chart
ABX (Barrick Gold)	33.61	33.19	32.49	Chart

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