Trade Ideas for 11/18/09

Not surprisingly after yesterday's big advance, today was a consolidation day. Tomorrow is shaping up to be an important turning point. By consolidating yesterday's gains, the market appears to be readying for follow-through on the breakout. The question is whether the market can hold onto any gains it makes.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
TWM (trending)	27.58	27.70	+0.4%	26.99	N/A	Chart

Can the market break out and hold onto its gains? If so, tomorrow's long ideas could work. In BVN, we have a potential triple-top breakout, and a bottom-fish in CBAK. Don't risk a lot, though: if the breakout fails, price will fall quickly (from failed moves come fast/vast moves), triggering the short ideas.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
CBAK (China BAK Battery)	3.01	2.86	N/A	Chart
BVN (Buenaventura)	40.06	38.99	N/A	Chart
SKF (Ultrashort Financials)	25.01	23.88	23.49	Chart
QID (Ultrashort QQQQ)	21.31	20.27	N/A	Chart

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