Bringing you some promising trade ideas each trading day

NEW ADDRESS: chribstrades.blogspot.com

Sunday, March 21, 2010

Trade Ideas for 03/22/10

Small pullback in S&P Friday, but many individual charts look really bad, telling a tale much worse than the one presented by the major indices. None worse than a couple of royalty trusts. Geez.



Talk about look out below. Goodbye to CYD, GNA, DGP. Hello QID.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline
QID 17.31 17.26 -0.3% 16.93 N/A
GDXJ 26.01 26.09 +0.3% 25.39 N/A
BZQ 23.01 23.96 +4.1% 21.88 N/A


One of you asked about doing a true short, so I'm going to debut one for tomorrow: EQY. It's probably going to be confusing since the table headings are geared for long positions.

New Trade Ideas
Ticker Entry Exit A Exit C
DBA (Agriculture ETF) 25.01 24.68 N/A
CHN (China Fund) 28.41 27.94 N/A
ALTH (Allos Therapeutics) 7.88 7.65 N/A
< EQY > (Equity One) < 18.86 > 19.63 N/A

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

No comments: