Trade Ideas for 11/17/09

As the history of the pattern suggested, the market broke out above the range today, but it also closed with strength. So the pattern may not have topped yet. I think it's better to stay on the sidelines until a clearer signal is broadcast. We were stopped out of the trading portion of TWM.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
TWM (trending)	27.58	27.63	+0.2%	26.99	N/A	Chart

Charts are a bit extended after today's run, but the financial sector moved the least. We can give a breakout in either direction a shot.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
SKF (Ultrashort Financials)	25.01	23.49	N/A	Chart
UYG (Ultra Financials)	6.01	5.73	5.57	Chart

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