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Tuesday, January 19, 2010

Trade Ideas for 01/20/10

A day later and the markets already hit new highs. Be careful though; this has the feel of a final move up. Despite the broad gains, a lot of stocks got hit hard today, including our position in ESI. We also got stopped out of EEV. We bought MAC.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
MAC 33.48 34.14 +2.0% 32.77 N/A Chart
SVA 7.51 7.49 -0.3% 7.27 N/A Chart


New Trade Ideas
Ticker Entry Exit A Exit C Chart
MZZ (Ultrashort Midcaps) 21.11 20.42 N/A Chart
SFLY (Shutterfly) 18.06 17.57 N/A Chart
NCT (Newcastle) 2.18 2.05 N/A Chart
GDXJ (Junior Gold Miners ETF) 27.46 26.99 N/A Chart

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

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