Trade Idea for 8/19/09

In danger of going down three days in a row for the first time since July, the market rallied weakly today. With a small up day on low volume, the chart pattern is set up for a fast move down should we breach yesterday's low.

No changes in holdings, but we took partial profits on FXP and SRS.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
SRS	12.31	13.18	+7.1%	12.31	N/A	Chart
FXP	10.04	10.56	+5.2%	10.04	N/A	Chart
SKF	30.52	29.78	-2.4%	28.11	N/A	Chart

Inversely-correlated ideas for tomorrow, but let's also carry over the long idea.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
SRZ (Senior Sunrise Living)	2.19	1.94	N/A	Chart
VXX (VIX Volatility Index Futures ETN)	62.34	60.43	N/A	Chart
GLL (Ultrashort Gold)	15.03	14.73	N/A	Chart
QID (Ultrashort QQQQ)	28.08	27.13	N/A	Chart

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