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A Review Of This Weeks Trades At TradeSelector.com

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A Review Of This Weeks Trades At TradeSelector.com

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Weekly Swing Selections September 28 - October 2 - 2009

Update: weeks P/L - Gains in Green Losses in Red

NGD +.15 = +4.38% Closed	COV +1.20 = +2.88% Closed	LSI -.18 = -3.17% Closed
EZPW -.17 = -1.24% Closed	MCO + 4.24 = + 18.14% Closed	UTX + .81 = + 1.34%
CE -.01 = -0%	GOL -.22 = -2.10%

Watching:

October 1: That sure was an ugly start to October and to the 4th quarter. The market dropped hard today, breaking the first support areas we had been watching. There is however a lot of support just below. The SPX-500 has support at 1018. That will be the next logical area for the bulls to come in and buy this dip. A drop below could potentially take us to 978 although we do have support at 1000. Fortunately we have been placing tight stops on our positions. We did get stopped out today on NGD with a 4.38% gain, COV with a 2.88% gain and EZPW with a 1.24% loss.

September 30: Wow, what a ride. Well today we saw the market falling and just when you thought it was never going to stop, it turned around and went straight up and again just as it looked like it would keep going up to the sky, it turned down falling like a rock. It was one of those days that day traders love and everyone else hates. We were not stopped out of any positions today but we did enter a new short position on UTX (United technologies Corp.) when our entry price triggered. It looked like we would get stopped out for a few minutes but it turned back down ending the day a bit higher but not far form our entry point. We will probably get the same kind of roller coaster ride on Thursday and Friday so hang on tight. Make sure you set your stops. As long as the support areas hold the trend is still up.

September 29: The market moved down today as it was not happy with the negative reading of the consumer confidence report. The move down was small, only 11 points in the SPX-500 but volume was higher than yesterdays bigger 20 point move up. Volume has been trending slightly lower on up days and higher on down days. That volume trend is a concern and may keep this market from moving higher and reaching our next target resistance areas. Today's move did nothing to change our cautiously bullish sentiment, however we are setting our stops tight just in case.

September 28: In this past weekends commentary we said we expect support levels to hold this coming week. Well the indexes started the day up and never looked back. That does not mean they can not come back down and test support again. There will be many announcements this week that can potentially change the current direction of the market. We will keep our stops tight in case it does reverse on us. As we mentioned the current short term trend is up so we will continue to play the long side of the market until that changes. We did get stopped out of our only short position today MCO with a very nice 18.14% gain. Not bad for a stock we only held 6 days.

September 27: Our swing selections for this week:

Long: LSI, TIBX, NGD, COV, EZPW, GOL

Short: ACM, CE, UTX

Still Open - Short: MCO

Charts Last Updated: October 02

Company: Moody's Corporation

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	Earnings:
Sep 20	MCO	Support break	Short 26.13	Pending	26.91	24.60

Sept. 29: Just had to comment on today's move. Moody's corp. MCO was up over $2.00 today. Our stop served us well yesterday.

Sept. 28: Stopped at 19.13 High of the day. Well it was a good run, up +4.24 or 18.14%

Sept. 25: Very nice. This trade is working out great. Lower stop to 19.13

Sept. 24: Another nice move. Lower stop on MCO to 20.23.

Sept. 23: Great move down today. This stock hit our first target at 21.00. Lower stop to 21.03

Sept. 22: Lower stop to 22.91

Sept. 21: This short position is now open. Lower stop to 23.57

Company :

Aecom Technology Corporation

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	E arnings:
Sep 27	ACM	Break of support	Short 26.13	Pending	26.91	24.60

Oct. 2: No entry. Thentry trigger price is still valid.

Oct. 1: No entry.

Sept. 30: No entry.

Sept. 29. No entry.

Sept. 28: No entry.

Company: Celanse

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	Earnings:
Sep 27	CE	Break of support	Short 23.87	Open	24.53	20.00

Oct. 2: This short position in CE is now open. Keep stop in place

Oct. 1: No entry.

Sept. 30: No entry

Sept. 29. No entry.

Sept. 28: No entry.

Company: United Technologies Corporation

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	Earnings:
Sep 27	UTX	Break of support	Short 60.44	Open	61.57	57.00

Oct. 2: Lower stop to 60.03.

Oct. 1: Lower stop to 61.03

Sept. 30: This short position in UTX is now open. Keep stop in place.

Sept. 29: No entry.

Sept. 28: No entry.

Company: LSI Corporation

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	Earnings:
Sep 27	LSI	Consolidation break out	Long 5.67	Open	5.43	7.50

Sept. 29: Stopped at 5.49. for a -.18 loss or -3.17%

Sept. 28: This long position on LSI is now open. Raise stop to 5.49

Company: Tibco Software Inc

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	Earnings:
Sep 27	TIBX	Consolidation break out	Long 9.83	Pending	9.67	10.80

Oct. 2: No entry. entry trigger still valid.

Oct. 1: No entry.

Sept. 30: No entry.

Sept. 29: No entry.

Sept. 28: No entry.

Company: New Gold Inc

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	Earnings:
Sep 27	NGD	Bounce from support	Long 3.42	Closed	3.29	4.20

Oct. 1: Stopped at 3.57 today for a .15 gain or 4.38%

Sept. 30: Raise stop to 3.57

Sept. 29: Nice move. Raise stop to 3.34.

Sept.28: This long position on NGD is now open. Keep stop in place.

Company: Covidien Ltd

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	Earnings:
Sep 20	COV	Bounce from support	Long 41.53	Closed	40.49	46.00

Oct. 1: Stopped today at 42.73 with a 1.20 gain or 2.88%

Sept. 30: Nice move. Raise stop to 42.73.

Sept. 29: Raise stop to 41.97

Sept. 28: This long position in COV is now open. Raise stop to 40.87.

Company: Ezcorp Inc Cl A

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	Earnings:
Sep 27	EZPW	Consolidation break out	Long 13.66	Closed	13.29	14.80

Oct.1: Stopped at 13.49 with a .17 loss or 1.24%

Sept. 30: Keep stop in place.

Sept. 29: Keep stop in place.

Sept. 28: Long position in EZPW is now open. Raise stop to 13.49.

Company: Gollinhas Aereas Inteligentes

Active	Ticker	Technical Aspects:	Trigger:	Trade State:	Stop:	Target:	Earnings:
Sep 20	GOL	Consolidation break out	Long 10.47	Open	9.96	11.50

Oct. 2: This long position in GOL is now open. Raise stop to 10.03.

Oct. 1: No entry.

Sept. 30: No entry.

Sept. 29: No entry

Sept. 28: No entry

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