Trade Ideas for 08/13/09

This Fed day we saw prices make wild reversals. The price pattern hasn't revealed much, though. It's consistent with a move to new highs as well as a drop. So we'll have to wait and see. We got stopped out of QID during one of the violent moves upward and bought DGP, TMX and SFLY.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
DGP	20.53	20.45	-0.4%	20.20	N/A	Chart
SRS	12.31	12.17	-1.1%	11.19	N/A	Chart
FXP	10.04	9.90	-1.4%	8.99	N/A	Chart
TMX	16.82	16.85	+0.2%	16.49	N/A	Chart
SFLY	16.01	16.23	+1.4%	15.40	N/A	Chart

The market's acting tricky for the time being; proceed with caution with tomorrow's ideas.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
TWM (Ultrashort Russell 2000)	34.11	31.88	N/A	Chart
SWC (Stillwater Mining)	6.93	6.44	N/A	Chart
HRZ (Horizon Lines)	5.19	4.96	N/A	Chart
ITG (Investment Technology Group)	24.61	23.73	N/A	Chart

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