Trade Ideas for 06/25/09

A huge morning rally lost steam by mid-day, and then the market fell even more steeply once the Fed announcement was made. Still, most averages, with the glaring exception of the Dow, closed in the green for the day. The Dow's exception is glaring because that average is supposed to house the market leaders, and leaders lead. We were stopped out of SMN today.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Add'l Exit Guideline	Chart
DUG	16.54	19.47	+17.7%	18.62	N/A	Chart
SCC	61.84	66.69	+7.8%	62.62	N/A	Chart
QID	32.81	33.50	+2.1%	32.19	N/A	Chart
SRS	21.51	21.00	-2.4%	20.12	N/A	Chart

Staying biased to the short side. SCC is a re-up; if elected, set the sell-stop for all shares to 65.39 (or the low of the day, whichever is lower).

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
SKF (Ultrashort Financials)	46.62	43.12	N/A	Chart
SDS (Ultrashort S&P 500)	59.39	56.49	N/A	Chart
TWM (Ultrashort Russell 2000)	46.36	43.97	N/A	Chart
SCC (Ultrashort Consumer Services)	68.01	65.39	N/A	Chart

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