Trade Ideas for 11/24/09

The dollar was sold heavily overnight, leading to a gap up open on the major indices. The Dow made a new uptrend high, although the other major averages didn't; nor did the dollar hit a new low. The close was on the weak side; for example, the SPY painted a doji closing about 10 cents higher than the open. The key will be whether the market can hold onto its overnight gains tomorrow.

We were stopped out of QID today. Otherwise, no trades: TCK gapped up well above the buy price, invalidating the signal, before coming all the way back down.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
TWM (trending)	27.58	28.19	+2.2%	27.27	N/A	Chart
TBT	46.16	45.83	-0.7%	45.12	N/A	Chart

Rolling over some of yesterday's unelected ideas, subbing in SRS, which held up better than the other short ETFs.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
FITB (Fifth Third)	10.21	9.95	9.85	Chart
FNM (Fannie Mae)	1.07	0.99	N/A	Chart
GGB (Gerdau)	17.01	16.49	N/A	Chart
SKF (Ultrashort Financials)	24.92	23.74	N/A	Chart
SRS (Ultrashort Real Estate)	9.02	8.45	N/A	Chart

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