CALDEIRÃO DE BOLSA

Trade Idea (Weekly Market Update): we're placing a limit to sell S&P 500 (SP500.I) at 1380 with a stop at 1395 and initial target 1335. We believe this is the end of the bull run since the summer and that there's plenty of bearish triggers heading into 2007: slowing growth (GDP tomorrow), inverted yield curve, wage inflation/higher input prices = lower profit margins and elevated energy prices.

As for short exposure, a lower growth view will ultimately spill over into consumer discretionaries - be sure to check "Trading Strategies" under "Research" on a regular basis for recommendations in this group and others.

Current US shorts that we're considering:

ASD @ 44.75, stop 45.80, target 40.00
CTX @ 54.00, stop 55.30, target 46.00
FD @ 42.55. stop 43.75, target 33.00
FRE @ 67.50, stop 69.15, target 62.75
LZB @ 11.81 (stop), stop 12.20, target 10.25
MAS @ 28.50, stop 29.10, target 26.75
PHM @ 31.55, stop 32.25, target 26.00
TGT @ 57.50, stop 58.65, target 50.75
WB @ 54.30, stop 55.25, target 51.25