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Tuesday, September 15, 2009

Trade Ideas for 09/16/09

More highs today as the market keeps chugging along. The Russell 2000 has joined the transports in closing above its ascending wedge; NASDAQ, Dow, and S&P remain contained.

We bought WFR and CAEI today.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
HTZ 9.71 11.06 +13.9% 10.38 N/A Chart
ARIA 2.26 2.54 +12.4% 2.49 N/A Chart
V 70.44 73.20 +3.9% 71.49 N/A Chart
SLB 58.43 59.83 +2.4% 58.49 N/A Chart
WFR 17.58 17.33 -1.4% 16.94 N/A Chart
CAEI 1.96 1.98 +1.0% 1.79 N/A Chart


Rolling over yesterday's unelected ideas, and adding an extra long and short idea. The market can keep going up, but once it stops, given the steepness of this rally it could be a swift and sudden drop.

New Trade Ideas
Ticker Entry Exit A Exit C Chart
VG (Vonage) 1.66 1.41 N/A Chart
AMZN (Amazon.com) 84.91 82.78 N/A Chart
FXP (Ultrashort Xinhua 25) 9.51 9.17 8.99 Chart
DXD (Ultrashort Dow 30) 36.59 35.19 N/A Chart

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

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