Trade Ideas for 11/27/09

Some major developments occurred this holiday week. The dollar plummeted to new depths and then started climbing steeply. It could very well have capitulated. The non-confirmations in the major averages were telling: we did not see new highs in any of them, and yet the dollar didn't just make marginal new lows—it really extended to the downside. Index futures are currently down sharply, dropping below last Friday's low. The news catalyst for what appears to be a sudden flight to safety: Dubai World, the sovereign fund for the emirate of Dubai, may be close to default. It announced it was seeking to delay payments on its debts. Oftentimes these trigger events precipitate a domino effect, but with the US financial system open for business once again Friday, the tide could turn once again.

We were stopped out of TBT Wednesday and bought MON.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
TWM (trending)	27.58	28.46	+3.2%	27.27	N/A	Chart
MON	80.86	80.87	+0.0%	79.17	N/A	Chart
SRS	9.02	8.92	-1.1%	8.45	N/A	Chart

Some new ideas after all, given that market action has been so eventful. This may have been a holiday week for the US, but the rest of the world has been trading. Friday promises to be very volatile, and who knows what will happen at the open. Will US futures recover or will the market open with a huge gap down? If the trend has changed, and the market lets us in, tomorrow's trade ideas should work. Otherwise, we'll have to wait until some promising setups materialize.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
MZZ (Ultrashort Midcaps)	25.16	24.07	N/A	Chart
SSG (Ultrashort Semiconductors)	23.86	22.49	N/A	Chart
EEV (Ultrashort Emerging Markets)	12.01	11.10	N/A	Chart
SMN (Ultrashort Basic Materials)	9.31	8.61	N/A	Chart

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