Trade Ideas for 07/30/09

A very similar script for the third or fourth session in a row—initial downward trend and ultimately a reversal. Price has stayed in a narrow range, and could break either way when it's time. My observation is that this market doesn't want to go down yet, which lends more credibility to the blow-off top scenario. In other news, China's market took a 5% dive and took MPEL down with it. We also lost DNN. After giving us a few weeks of easy trades, the market's suddenly gotten tough.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
AHL	23.43	25.78	+10.0%	25.62	N/A	Chart

Still looking to play some quick longs, without risking much. TZA, once again, shouldn't be held overnight if elected.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
TQNT (TriQuint Semiconductor)	7.11	6.65	N/A	Chart
KBH (KB Home)	17.06	16.20	N/A	Chart
COF (Capital One)	30.81	29.20	N/A	Chart
CWTR (Coldwater Creek)	6.87	6.49	N/A	Chart
TZA (Small Cap Bear 3x)	17.76	16.99	N/A	Chart

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