Trade Ideas for 09/03/09

The market made a slightly lower low this morning, and spent the rest of the day rangebound. With four days down in a row, the market may have a rebound in it. Given the strength of the downtrend so far, it may not be much of a bounce. Meanwhile, gold soared today, indicating a great deal of fear. We tried to play gold yesterday and got burned, and today it took off; proving once again that it's not an easy trade to enter or exit profitably. The relationship between the dollar, gold, oil and the stock market appears to be in flux right now; this supports the idea that a major trend change has occurred.

We sold REG today for a loss.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
SDS	44.12	45.96	+4.2%	42.99	N/A	Chart
TWM	32.36	34.16	+5.6%	31.32	N/A	Chart
FXP	10.04	11.17	+11.3%	10.71	N/A	Chart
ARIA	2.26	2.27	+0.4%	2.13	N/A	Chart
VXX	57.34	62.69	+9.3%	58.42	N/A	Chart
V	70.44	70.10	-0.5%	69.27	N/A	Chart

A re-up for tomorrow in FXP, and the other promising chart is correlated to FXP. It is OK to add to your existing FXP position.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
FXP (Ultrashort Xinhua 25)	11.46	10.94	10.71	Chart
EEV (Ultrashort Emerging Markets)	17.36	16.79	16.14	Chart

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