Trade Idea for 11/12/09

Yesterday's consolidation helped propel prices higher early on but couldn't help out with the bulls' lack of staying power. The major averages made it to new uptrend highs but closed in the lower part of today's range, which doesn't leave much confidence going forward. Plus, still not much of a bounce in the Russell 2000 or the financial sector. The market may be entering into one of those 1-2 week long trading ranges that have marked the tops of the surges, perhaps to hit a new high in 3-4 days before dropping.

We bought TIVO, SII and MS and got stopped out of TIVO and ZSL. The market was a bit of a minefield this morning with the strong opening surge followed by an abrupt loss of momentum.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
TWM	27.58	28.74	+4.2%	26.99	N/A	Chart
MS	34.07	33.75	-0.9%	33.39	N/A	Chart
ICO	4.36	4.58	+5.0%	4.36	N/A	Chart
SII	30.22	30.01	-0.7%	29.16	N/A	Chart

If the market is true to recent form, it won't drop without consolidating first. Tomorrow's idea, to add to our TWM position, should only be elected if the market breaks with its recent behavior.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
TWM (Ultrashort Russell 2000)	29.66	28.18	N/A	Chart

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