Houston, we've got a problem... CAAS, China Automotive Systems Inc, EFUT, eFuture Information Technology Inc,

We couldn't go to the bathroom today.  Literally!  . plus, should we be writing our note in Chinese?.   Oh just in case anyone hasn't noticed, there was not one, but TWO, 40%+ gainer for DJIM today.    EFUT/ CAAS ...Lock these up as 2 more DJIM benchmark 25% + moves.  As we have stated and stressed during the weekend, this is the kind of time where you make your double digit gains in your portfolio and clean it up around turkey time.     For a couple days back in October, we were joking that this November may not be compared to the Novembers of the past.   Boy oh boy, we definitely got more than we bargained for last few days.    And, we are not even half way through November.     Ok on to some obvious and not so obvious plays...

EFUT, we were fortunate enough to start trading this one at the beginning of Friday, about 13 points ago! . You've made a pretty penny even if you bought the close with us Friday when we were adding.  Simply put, we haven't seen a mover like this for quite some time now.    This in some way rivals the TZOO of the past.     Breathtaking, stunning and spectacular finish.   Can this gap up tomorrow and pull another good move?   It's possible and we think it's more than probable that it will.    The only drawback about this one is that you have to be there on every tick, literally.

CAAS, this one was noted in pre-mkt off earnings and frankly it's not a bad thing just to get your feet in this one in the early going.    What it did during the last half an hour is another display of EFUTistic move.    By the way, both CAAS and EFUT had one very ingredient in common, tiny float.   Once again, gap candidate as we pointed out before the close.  The action AH is the gap at work, this is what we were expecting. The same reasoning behind introducing EFUT 10 minutes before close on Friday. There is nothing wrong with adding to strength, we almost always do it near the close.  Sometimes the strength turns into a nice move the next day, sometimes into a crazy run like seen in EFUT today.

DLB +3% / CMT, good follow-up from both stocks.

RIMM/BIDU , so RIMM had its move and now we think BIDU may get its turn.   

other stocks exhibiting strength from the DJIM bin include AAON 5%, ATNI  RVBD 4% SINA 3% DIVX  GROW  FTEK SRVY.

MEK made a nice recovery, still be careful with this segment now.  Go with stronger sec...china stocks

DJIM- Just one reminder....

Take some profits!    That's what we have been doing with some of our holdings today, bet you were too. Those gains in GROW, EDU off the breaks are hard to ignore and not pocket.  Why now and why not tomorrow or yesterday?    Well, in fact, we have always been taking profit-points here and there and taking profit has been a big part of our trading strategy.   Simply put it this way, when you have millions of dollars of merchandise, the most logical action is to take profit into strength.    At least that way, you'd appreciate the kind of work you've done during the last little while.     Ok moving on with some action...

EFUT/CAAS,  Ok, in case you haven't noticed, these aren't the typical DJIM holdings and they belong to the "euphoric trading arena".   Those that remembered the mkt in the hay days, this kind of play isn't uncommon.   The key is, know what you are dealing with.    CAAS gave a second jolt yesterday into the $11's, everyone had time to exit off Tuesdays premkt watch from as low as 8's.  EFUT, like we said last night...somebody else's now. It was here since the riot started, not our problem now.

GMKT, it took a few days of consolidation to get a move like today.   If you think the move is unconvincing, don't sweat it.   The stock is definitely on a right path and use the dipping opportunity to trade this one higher.

EDU, very very powerful move the whole week and again, we are letting some go here as per note in DJIM alerts.   This is not to say that we think it's done moving up but we just want to protect what's already ours.  MR has earnings in the morning, so we have let this go the past 2 days in reaction to this event.  We're sure these will be back in full on our books, shortly.

GROW, whatever the management did in their recent cc, it's working.   Maybe the stock will get to a level for a split to make sense.     Again, this one has a tendency for pullback so we are trading with the action accordingly. A little extended off the break at 38's(earning day high), so we reduced quiet a bit.

FSYS/SRVY, these two perked up a little and are setting up nicely and we are watching closely.

TWLL, though no complain about the chart move here, the only question we have is why it didn't move the last few days when the mkt was basically making new highs every hour. Like TWLL's today, we're just not that excited with the most recent breaks in the likes of UCTT, SNCR  and think its a good time to reduce exposure in some of DJIM tech names.

USAP, this one had a very nice report a while back but we didn't bother playing it.   It broke out today and we are following with some action too.    THS, the same. 

Order of the day for us was definitely profit taking, we have taken some profit more aggressively today than the last couple of days.   Since we've had just so many winners in our accounts recently, and with new ones popping up every day, it'll eventually get to a point where we can not look after each play constantly and at all times.   So in order to avoid a situation where a general mkt pullback occurs and you are still heavy with your positions, we decided that selling some huge winners here, aggressively,  is a good idea.  There are new set ups forming and we are looking for those lagging a bit to make another move.  We're not negative on the market, we just think we all should take an early Xmas bonus when it's handed to you.

Preserving the gains......DJIM style

Even though this market seems like it's going up forever, we still have to remember the good habits of being a disciplined trader.   Some stocks, are simply overextended, whether you like it or not.   We are not saying to get rid all of our shares and wait for a nasty pullback.   What we have been doing is paring back our position sizes as the stock goes higher.    This is simply a good habit because you are constantly in a good flow of things.    Going all in into a position and going all out all at one shot would not smooth out the trading results.   In fact, it's just more stressful when you trying to nail the bottom or top with a one shot deal.     In a rising market, it pays to buy stocks on a 9 ema pullback.    But more often than not, a strong stock will simply not pull back to the 9 ema level.   What can we do then?   We buy break outs!   Anytime a stock takes out the previous high, there's a good chance a rush of buying and new money would follow through, and it works extremely well in a rising market.   This is why we are putting up alerts of this nature of DJIM stocks as they come to this stage.  How about the EDU, GMKT, TWLL just the past few days!  Come to think of it, we are probably responsible for many new 52 week highs in the past. ;)    Here we go...

ZOLL, we can conclude that this stock is being discovered.    Well, many of you have probably known this stock for a long time but we are sure not many expected this kind of reaction from its report today.    Valuation was way cheap for this stock at the beginning of the day, and what follows is traders bidding up on a good report in a very forgiving and generous market environment.    We can guarantee that if this happened in July, it'd probably go up no more than a couple of points.

EXLS, this is an IPO that came out with what we considered as very good earning.   Again, this stock is in play as of today and many traders will have it on their list as the top candidate.    The trend, of course, is to the upside. We didn't write a novel with morning goggles on for something we didn't consider a good bet. With it we provide the thinking behind of what could and what could not happen. You need to cover all the angles and we try to show our thought process.

GMKT,  just last night we said ...keep cool, think of buying the dips....ok Briefing, we know that you can pump a stock.   This sort of thing happens way too often and it's almost expected after we get into a sexy play.   Coincidence?   We'll just have to think of it as that way for now. lol

GROW, we hope most have taken a nice chunk of gains out of this one today or yesterday.   Is it topping out?  Who knows and who really cares at this point?  After all, we made the most out of the 31% gain in less than a week.    Trade this one with caution and there's always plenty of fish to catch in a market like this.

There are definitely lots of other stocks that are looking good today and we are not going to get into specifics with each one.   The bottom line is, we are taking the opportunities to take some gains off some of the huge winners and paring back some position size.   We are still very optimistic about the trading opportunities and the overall mood of the market.   New plays are popping up everyday and we are not slacking off just because we've done well recently.    Keep focused and disciplined, all the effort we put into trading these days will be well worth it when a bad market does eventually roll around.

Cheers'

DJIM hold/ hit list #14

Up until this point, we have to say that we got more than we bargained for during the last few weeks.    Market has been extremely good and we had no shortage of good runners and a few super runners.   A quick glance at BT's charts, DJIM list#13 from last weekend and you see what a week DJIM had.  We introduced some new blood at the open during the week, EXLS, ZOLL to go with the GMKT, EDU, DLB, GROW, EFUT, AAON, ATNI already on the DJIM list from last weekend. These days are the reason why we trade, this is also why we have no problems going 100% cash when our gut tell us to.  Animal instincts, pile a stash for the harsh weather.  Some of these DJIM stocks definitely need to consolidate but new opportunities are popping up left and right,  so it's best we/ you do not have your cash wrapped in something not participating or moving. Thanksgiving trading week could add some fuel to the fire, this is why we've kept the charts of EFUT, CAAS up for more trading opp's...maybe this is the week...You see when the gnomes leave for turkey, the retail kids like to take charge of the house on a few names and run them up...basically taking a turkey and stuffing it with MOMO for a day or two.   A good chance is the theme of the C-team, China stocks continuing on.  Many of them provide a nice float to move.  You spend lots of time trading and learning and going through countless emotional roller coaster throughout years of dealing with this market.   Thankfully, a month like this would make all the hard work you've done in the past seem worthwhile.      We are going to highlight just a few stocks that stood out going into the weekend concentrating on the Asian theme.

JST, we played this stock a while ago and someone lit a rocket boost behind it on Friday.    Is this all because of the asian theme?  We definitely think so to go with the earning thrown in.    What may added fuel to JST is the IBD rating and it's not a total surprise to see it show up on IBD 100 this weekend, #73.  Unlike the other IBD plays floating around in the last few weeks, MEK BTJ ALY,  we think JST may have some more momentum to go.   Why?   JST is not oil dependent, and it's in a sexy region!  This is something we pointed out Monday, a look from the oils to China stocks, well now its spread to Japan a bit.  But most importantly from the trading perspective, it's being discovered by momentum crown based on its volume on Friday.    Ok, so momentum doesn't go up one day and die down the next day and we definitely don't think JST is one of those one day wonder either.    How are we gonna play this one?   The bias is definitely on long side and we will be trading it aggressively. We are also seeing a trade around CHDX and BIDU, primarily we are interested in the CHDX action.

MR, if the earning reaction isn't exactly explosive, then we can say that we are glad that the earning thing is over.    MR went up on its own Friday and had a NCHigh after being mentioned early in DJIM Alerts.  We like this one very much and added on its advance. Again...why hold a stock into earnings, better to have free cash and possibly dig up a EXLS the same day. You can always buy the MR back, we've been doing it since introducing it late September at 16.40. It was a frustrating stock at times but now up 30%.... it's all forgotten with the possibility of more on the horizon!

GMKT, hit $25+ Friday after getting a DJIM headline November 9th has provided many opp's to enter in the 19's-20 since. Late last week buying the dips was a buying opportunity as well.  The stocks price and daily volume keep riding the tide... higher.

TRT, this might as well be a foreign stock as it does the majority of its business in Asia. The stock has been in a tight range since exploding off earnings with DJIM in tow from the $12's. The thin market might be the right recipe for another leg up this week. Although a quick dip to the 9ema is a possibility with TRT, a  potential buy point again. The other choice is to buy a confirmed breakout which is not far off either. Volume is key here, both ways. You want it slow and easy to the 9ema, you want it hard and fast into the high.

Thanksgiving week...

Traditionally, this has always been a good week for traders.   With a shortened trading week and many people left for holiday, there's really not a lot of action going on, unless of course you knew which buttons to push.    This has always been traditionally a good week for small caps.   Less trading volume means the retail traders can push some thinly traded or low float plays around.    Well, we think there's not so much of a difference between a retail trader or an institutional trader anymore.  You can either be a professional retail trader or an amateur institutional trader.  Either way, we all balance each other out in the heat of the action.      Today we had some consolidation among some of the runners from last week and we also had some new breakouts and follow through from some plays as well.    It's never a dull day in November's as we say.    Here are some highlights...,  it's definitely one of our favourite stocks today as basically the whole Chinese theme is just getting more momentum one play after another.   This one definitely broke out today and we added a few to anticipate some further upside. This one was a DJIM alert mention as a watch off earnings last week and again today.

GROW, talk about a stock that just wouldn't give up any gains.   Once the traders figured it wouldn't go down, the natural instinct is to bid it up, without hesitation.

EFUT, what a late day run it had.   If you are quick enough, then you'd probably caught a couple of points off this already.  It's interesting to see how this one plays out tomorrow, but the probability is high that it'll have a run some point over the next few days.    Again, this play has absolutely nothing to do with fundamentals, purely demand vs. supply,  traders against traders kind of deal.   We pointed EFUT out last night as a trademark play for this week.

EXLS, we are using the opportunity today to add back some on weakness.   We feel that it's a matter of time this one gets some good action going forward.

ZOLL made a move to last weeks highs before retreating...hey its TKG week and you can get nice advances on average volume all over the place.

RIMM, the big firms are trying to outdo each other. Last week, it was UBS with a $160, today it was MLynch with a $165 target.

TRT, If this was a reco. before the open and if you bought the reco. you really have to question the timing and if you're being toyed with .  Unfortunately the same that chase ruin the day. This was the case here as TRT ran out of gas.

What's so odd about this week is that we are actually coming into this week with some huge gains off this market... it really makes this week kind of unimportant in a way.   But of course, there are always those who haven't made most out this market last couple of months and are dying to make it up somehow this week!

-40 or -50 on Naz

That's the question for the day.    Ok so as we said last night, taking profits as the stocks go up is not a necessity, but a must habit if you want to maximize and smooth out your tradingt.     We have been further reducing some exposure today, in an accelerated pace that is.   Could today be the beginning of something?   It's always possible and we are taking a cautionary stand at this point.    You just couldn't help but to feel that we have had it too good and too easy so far.    Going forward will be very very seletive and with smaller sizes for us.   We'd try to stay on top of things and do according to the action.

Right now it's all about protecting your profit.

cheers,

Caution in the air, or is it just us?

We suppose if we are not going to be cautious with a -54 Naz day, then when will we ever be cautious?    There's really not much to digest today other than what appears to be a devastating index loss.    The individual action, though seemingly not that bad makes us feel that it may be just a matter of time before the negativity spills over to the small cap side.

It's a fact that we've had a tremendous run since Sept. and we really haven't had a meaningful pull back.   We thought we'd get one near the end of October but that quickly proved to be NOT the case.     Is this the beginning of a trend reversal, was this the crack?.   We don't know and at this point, we'd give it some heavy weighting toward this thesis because of the long rally we just had.    Similarly last year, December was merely so so and there was a lot of backfilling type of choppy trading action.      For this markets sake, we feel that it's really better for it to go into some meaningful and sustained consolidation mode.     It means that this market will be choppy, which in turn means that there'll be lots of +20 and -20 pts moves.    What this also means that many small caps, especially the type we trade,  may end up being the casualties of the markets choppiness.      At this point, we don't know how some of the DJIM stocks are going to hold out but in this business, no matter how much you like a company, seeing is believing and action speaks louder than words.    We will be very selective on our plays and setups and define our entry/exit much more tightly until either the market stabilizes or it clearly reverses back up.

Of course, all these cautionary talk may prove to be an over reaction if Naz pulls +100 pt in the next couple of weeks.    Until that happens, we are going stick to our game, and do what our experience tells us to do.    That is to sit tight with lots of cash and play selective and small.

cheers, 

From Russia with Love...

We started the day with a very optimistic tone and we definitely finished it with the exact same tone.    So basically, the cautionary stance we took a couple of days ago is a little bit lessened.    However, just because the index is finishing solidly green, it doesn't mean that we are going back gun ho and buy back all of the DJIM stocks back off our watch list.      Still,  it's a game where you only get rewarded from the best action going forward, not from the past.    Momentum stocks provided us with some solid gains yesterday such as FMCN DIVX late day runs, today we had some other DJIM stocks such as ATNI IAAC SNCR MR EDU... providing sparks.    On top of everything,  every one of the Russia based telco stocks caught fire today, notably MBT GLDN VIP ROS.    These were the primary trading targets but if you were recycling DJIM names, you too had a good day!

DJ Traders Market hours Alerts in DJIM Alerts

'[Demi]' posts » MBT, russian telecom out with excellent earnings, also possible overflow to others such as VIP-GLDN, which was raised to buy and a 50 tgt from 37 by an overseas bank yesterday.

To cap the day, we definitely had a couple of wild small caps and the one we chose to play is RNIN.   RNIN is getting some buzz b/c of its close similarity to FMCN and the fact it's an IPO, it gets played with some serious momentum.     It's not easy to keep the gains for a 5 buck stock, even though the float is small.   It definitely had its share of volatility today, but the end result is a close near the high of the day with volume surging toward the last half hour of the day.     While this normally signals another good day to come, it's never guaranteed that it can happen and this play is definitely on the more speculative side.    And last, oil service group had a very decent day.  Recent DJIM stocks such as ALY BTJ GDP PVA... all seem to have broken out.    We'd say choose your play wisely and pay very close attention to the overall sentiment in the group.    One little hiccup in the sector and we are simply outta there.     

That -54 Naz day is still lingering around our memory.   It can not be easily forgotten and the way we've been trading last couple of days fully reflect that.     We have been playing with smaller sizes and only playing with those we think that exhibit the best momentum, today it was the idea of a wild fire spreading from MBT earning. It was a hunch in DJIM Alerts premarket and paid off handsomely with NCH's big dig days from the Russian stocks.

cheers,   

What's happening out there...

is exactly what we have been fearing the last couple of days.    The Naz is knocking  toward the low it hit a couple of days ago.   It's happening on a Friday and we are very uneasy over the action out there.      If the index closes at or near the low today, we feel that Mondy will not be pretty and that may set the tone for the rest of the week.      We are obviously moving toward the cash mode and definitely don't want to be bogged down this weekend on any concerns for next week.

be careful out there....

DJIM hold/hit list #16.....Greed vs. Fear

From the action we had last week, we think you can pretty much wrap the extreme side of those two emotions into five days of trading.    We started the week with -54 on Naz and ended the week with -18.    It could've been worse, we have to admit.    With the choppiness we'd seen last few days, could this mean the top is near?    It's definitely possible, and more likely so than the action lets say two or three weeks ago.     What it meant for us is to raise our caution up significantly.     How we approach this kind of choppiness is simply by reducing our sizes in each play and reduce the number of plays accordingly.    Unless we are confident that we can get something out of a play, chances are, we are going to be passing on a lot of plays.     At this point in our trading career, there's really no point to trade competitively in a tough market.   What we wanted to do is to trade competitively only in an easy market, and making easy plays... this includes finding new plays sandwiched between bad days such as the Russian telcos feeding on earnings... VIP and MBT. These definitely have more institutional action and should have less volatility going forward than the typical DJIM stock.

On Friday, there were only a couple of plays that stood out...one we mentioned in DJIM alerts and that was a few China stocks working again in a bad early market....MR, EDU......later even EFUT showed some life, probably more short covering than anything else going into the weekend and a tick off the 9-14ema levels.

MR, we had a feeling that people would try every Friday thinking that it'd made it to IBD100.   This week, MR did make it to IBD100 at #9.    This definitely brings a whole new perspective to the stock in our opinion.     It definitely had the goods to climb even higher in IBD ranking. There was even some chatter of how great Mindray is by the NYSE in regards to the IPO market. Well..we and our readers already knew this;)...Sep26."also keep an eye on MR, an IPO today which is based in China and sells medical device.   It looks pretty sexy.".  This chatter and IBD should bring a few new eyes on MR and a nice open.

BTJ, maybe the whole oil service sector fared well on Friday, but this one definitely stood out from the rest.   It hit a new alltime high on Friday and that's definitely encouraging to see given the index action. Its DJIM sister ALY made a nice reversal later in the day.

Despite the -50 or so Nasdaq week, we found a few trends with a green probability. We will continue to be selective and seek out new trading opportunities, plus have an eye to recycle some DJIM plays when its time.

So all is well???

Maybe!    But one thing is for sure, it's definitely easier for us to start a topic today, as would for anybody who follows/trades this market.   So, we are not going to start with the obvious.     What we are going to do is to point out the things most people aren't looking at, and if you already knew by reading DJIM, then you probably wouldn't need to read further but if you're watching CNBC or chasing headlines at Briefingcom ...this is new to you.

It isn't exactly hard to make money today.    It's definitely a little bit more of a challenge to make the most out of the day's action, you simply are better off being in the right place, the DJIM hit'hold list is a perfect start if todays exploits are any indication.   What we noticed today is a carry over of our strong names from last week.    Particularly, the ones that really stood out in the crowd from last week were really off to a great start today.     There's definitely a theme going on, Chinese + Russian!    Throughout last week, some of the stocks from those two geographic regions held up really well, and during the last couple of days, capped with today's action, just simply took a lot of our breath away.      Here are some highlights....

GROW, ok, this one to us, probably needs a passport of its own.    Believe it or not, this one is shaping to be one of the best stocks this year.     How did we really miss this one at the 9 buck days?    We were trading back then but never had any vision to see this one going to this level, and possibly higher still.    Of course, we didn't make the most out of it, but we sure made a big chunk out of it since we caught the break in the $24's on DJIM as should everyone who has read DJIM from September 1st.     With an all time close today, it's really out of anyone's hands to know how high it will go from this point on.  If you missed DJIM Alerts today, you missed the majority of the move.

MR, steady as she goes.  It just seems it's getting a lot of positive things going for it.   And, it also seems  fair that we discovered it, loved it, and were pounding the table for it since 10 points ago.      This one sure doesn't have the kind of volatility of GROW or some of the others, but believe us, we have no problem trading 1000's lots at a time with this one either.    It's definitely been a sweet ride so far.     Despite its hefty percentage gain, we still like this one as one of our favourites.

MBT, VIP..all we can say is SPACEBA!!...Is there anything we missed since introducing this idea premarket last Wednesday?. probably not, but we can add that the early court action in VIP from 77 to 83+ today was spectacular..it was purely Sharapova!...okay back to trading, we keep seeing this over and over and that is a fear of buying these expensive stocks and instead looking for the $1 out of RNIN type, a under $10 stock. We pointed this out on DJIM when we bought RIMM at $99.00, we said look at it like its a $9.99 special...cause recently that special was worth almost $15.00 or $150!. Simply...some miss some great runs in expensive stocks and its a shame!..VIP has gone from 71 to almost 84 in 4 days...almost 20%, in cheapie terms from $7.10 to 8.30+... Finally, yes like all flyers these will have to slow down and consolidate some, sooner or later.

ZOLL, was today any surprise?, it was just a matter time and most of DJIM readers knew this from our $46 to $54 day run. Every stock needs to consolidate at one time or another, ZOLL did a great job holding $50 and was never really far from its highs for the past few weeks. Friday was a second touch of the 9ema as we had noted under the ZOLL chart yesterday, if today proved to be a good market day... the follow through should be greater than after the 1st touch.   Boom!!..if you blinked you might have missed the morning action, don't forget the float..the 46-54 day should have told you this ZOLLami can get hot and spicy really fast!

We pointed out the action early friday, EDU and HMIN were mentioned along with MR. Part of DJIM trading methodology's is recycling stocks we know are capable of more moves, you could search and search and won't find anything better than what  EDU introduced here at $20 has produced.. This one has legs!...It's on its 4th pair at DJIM, all the moves have been quite substantial and again EDU is not far off its highs. Going with the same idea as Friday, we threw out HMIN again on DJIM alerts at $31 for those that might have forgetten the idea...1,2...and HMIN was number 3 as it hit 32.70's. This one is still in the shadows, but we think the volatility, its trading ways might bring it more attention in the near future.

Jon/Demi

Boring day...

It felt like a pretty boring day to us...a calm before a storm?   Major indices didn't do much of anything and most of our DJIM stocks pulled a sleepy one as well.    We can't put too much thought into today's action,  it isn't a bad thing to have everyone's enthusiasm curbed a little.     However, there are a couple of stocks worth noting and we'll just get right to it.

AXR/BIDU,  this pair is also getting some momentum carried over from yesterday.   Again, we liked the action today and added a little to our existing position.

GROW, one of the few games in town today.   Although we feel that the "easy" money has been made, it doesn't necessarily mean that "fast" money can't be made from this one.   This is, however, one of those stocks that only a full time trader with experienced trading background in this sort of play would attempt to play actively here in $50's-60's.

BTJ/ALY, this pair all closed near their day high and we are liking it for some further momentum.   The key, again, is to keep an eye on the overall oil services sector.

POWL, we are putting this one on our radar b/c we really like its earning reaction and it sort of reminded us of ATNI, in a way.   It's thin but it can be rewarding. A few small cap crawlers have given up their early gains following a earnings report rather quickly lately..EXLS, REXI.  We decided to let this one cool off and see how it performs day 2 and 3.  Btw..maybe not a bad time to start looking at ATNI again around the 9ema.

Many DJIM stocks have held up very well considering the choppiness of this market,  we are looking forward to tomorrow's action.

All the familiar ones...

This has been the theme throughout the the day, and throughout the month, so far.    Stocks that are going up today are those that have been trading near the 52week high during the last little while.    It definitely pays to have a watchlist full of strong stocks.    In our case, it's the DJIM list.   Here are some highlights..

ZOLL, this looks like a clear breakout today with respectable volume.   We added a little and feeling the move up is far from over.

MR, we are simply too tired to mention this one every other day.  This is a good stock, period.

EDU/HMIN, chinese stocks are definitely catching some fire today.   Both had a new closing high and that always spells potential momentum.

AXR, yes it's volatile and it can drop a few bucks intraday, but it can also be rewarding and trade up 15 bucks.    The key to trade a stock like this is to recognize the trend.   The trend is up and then it doesn't take a genius to know what to do, the rest is up to your experience and instinct.

There are quite a few others that made new highs and we are trading some of these moves.   Interesting movers include HRT LXU FRD GRRF CAAS....

ALY, BTJ,  we discussed their failure to avoid the trend Friday, well today it couldn't it fight it and $61 oil any longer, we reduced our exposure for the time being. $63+ is again showing its resistance.

A little bit of everything...

Of course, if you simply stare at the index and listen to CNBC today, you'd find it no more than a torturing experience.     The market seems to be stuck, as suggested by the index action and as well as the commentators would have you believe.    But if you look closely, especially the list off the DJIM stocks, you'd find plenty of action here and there.

The key here for us, is to play those that are attacking the new 52 week high off the DJIM watch list.    When a stock fails to advance or stalls at 52 week high, we reduce and lock in profit.    Having a list of strong stocks and constantly updating by adding new plays and deleting old ones ensure that you are always playing with the best stocks with potentially the best setup.     Here are some highlights..

Russian stocks,  GLDN and ROS continued their march upwards and left their stalled comrades MBT VIP behind.  Eventually these cracked the 9ema recently.  We are focusing more on the first two while keeping an eye on the rest.

Sugarcone, IPSU had a very nice follow through and in fact it was not late buying earlier today.

Surround sound,  Cramer surely discovered DLB at $30 and it's a definite bonus which is already 20% gainer for us.  Briefingcom has been all over it as well.

We also like the follow through on POWL and a nice setup on FTEK.    Two of DJIM's fav. oil co. BTJ/ALY have made new closing highs as well.     This market has become much more selective and it's understandable that many traders simply just want to take it easy for the rest of the year given the long stretch of rally we've had.    The best course of action for us is to let market show us what's working and we'll go from there.  

No complaints with NCH's...

...the NCH's, new closing high list is long today for DJIM closely followed stocks...AXR ALY BTJ GROW JST REXI ROS ZOLL..intraday highs for POWL,FTEK

If you had to find some faults of today's action, you can say that FTEK reversed hard intraday and IPSU or POWL did not follow through the way it did the day before.    Have those three plays met our trading objective?  Hell yeah!    It's apparent that up until now, we can conclude with everyone that the key for each and every one of our plays is to find them early and get in early or wait for the next leg up.   When it comes to selling to take profits or cut losses, unfortunately everyone has their own threshold and emotional tolerance and discipline.   We like to take profit a lot and trade along the trend.  When a stock stalls or reverses, there'd be lots of sell signals and plenty of time for us to act, and such is the advantage of sitting in front of the screens all day.   Only you know when you've had your fill and its time to move on.    Ok,  here are some stocks that didn't disappoint...

ATNI, volume perked up considerably today and half of it is due to a block trade.  Nonetheless, we like its action and its strong move above 9 ema may suggest that it's ready to challenge its old high.   We got back in some.

ABM, what a surprise!...well, not really as its a blast when institutions (80% in ABM) want to play your side and buy as today.   This one was alerted yesterday due to their earning but today's action felt as if the earning came out today.   This one had strong action throughout the day and we like this one and thinking this one may no longer be a sleeper mover. Again..this is a lesson in not chasing the open, if you are not experienced enough to make a call, don't do it.  Let the market tell you when and if its worth a ride.  patience paid of nicely with IPSU, ABM

OPTM, we alerted this one earlier today and even though it did not close at the high, the late push was encouraging to see.   Say what you want, this one is also an attention grabber today.

GROW/JST/ALXA,  why do we group these three together?   Because really, those three only trade off momentum, nothing more.   Since momentum trading is what we do the best, of course we had to alert them late afternoon to all just in case they close well.   And they all closed well.

The bottom line is, if you get into some of these plays early enough and apply a proper selling strategy, a hard reversal intraday should not hurt the play that much.    Even if you did get caught and took some losses, there's really no need to get hung about it and just accept it as part of the game and move on.   There's always plenty of good action waiting for you here,  and that's also the reason why we rarely bring back our past plays (TRT) to our watchlist, unless they come back and challenge the high again or have some PR to kick it up. Too many of you fall in love with a stock and miss opportunities day after day because your money is tied up.  We can see by how many clicks the TRT chart gets compared to a flying AXR.   Move on people, TRT was here at $8 and then 12+ , AXR is up 25% since alerted here 8 trading days ago, what has TRT done the last 8?