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Wednesday, November 18, 2009

Trade Ideas for 11/19/09

The market continued coiling today, declining to choose a direction. Friday is options expiration, and the market has a tendency to reverse course afterward. So any new positions we take on, long or short, we'll want to consider paring down by Friday's close.

BVN gapped up and ran almost 4% above our buy price, so we did not buy it when it came down

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
TWM (trending) 27.58 27.75 +0.6% 26.99 N/A Chart


New Trade Ideas
Ticker Entry Exit A Exit C Chart
DDM (Ultra Dow 30) 43.88 43.24 N/A Chart
DLB (Dolby) 43.41 42.61 N/A Chart
QID (Ultrashort QQQQ) 21.31 20.39 N/A Chart
SKF (Ultrashort Financials) 25.01 23.58 N/A Chart

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

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