..what's the fuss, we were fuzzy on CPSL, CLR

Sure, the major market indices from highs to lows have dropped 430/ 73/ 31, DJIA/NASD/SPX respectively, in a 1.5 days, but we've had some of the easiest gains back to back thanks to alerts on CPSL and CLR yesterday.  Not only were they easy gains, they were continous throughout the day and excessively high giving plenty of potential to all of us at DJIM to get in on.  Oh yeah as in CPSL, we will wait to get back in on CLR.    The same can be said from the excellent Forum discovery of PDO from last week.    When things run like these, our greed does not get as excessive as the action does.     As far as we're concerned their moves couldn't have happened at a better time as the market rests and digests the move from March.    Rest doesn't always mean sideways action, it means pullback off a lot of profit taking when the run is excessive in a short period of time as it was now.   We noted before the trading day the market may rest more than a day it needed last week due to the fact Monday's reversal was the 2nd big one in the last 4 days.  It surely did as it fell at least 240/40 on the DJIA/NASD by 2pm.  The fall was precipitated by a break of the 12893 DJIA pointed out day before.  This was a technical retracement level and it had no bounce in it.   When this fails as in any support, you know you are going lower and should pack your bags and head for the bunker in the hills for the short term.   But, this wasn't even the case if you had your DJIM list up and saw very minimal damage at 2pm.   Basically what we were seeing was a disconnect between what we trade and follow and what the market indices were doing.    Maybe it would have been better if our commods' took a nice hit and they still may, so we could recycle back into our favorites.    If this occurs today..tomorrow, that's fine with us as we liked the action in stocks like RIMM and a few other techs on our list, even things like V that were hardly bothered yesterday and showed resilience while the market was dumped out.  We think if a bounce is in the cards very soon these types may offer the best short term upside trade as they would climb with the indices.  The commods' may not.  We'll see....

The market has clearly succumb not only to a beautiful move from March, but to record oil and a dead dollar rally in the last few days.  A lethal combination if you are in the wrong places with your trading book.   Fortunately, if your on the same page with us, the DJIM page, you should be well ahead of the game and use this action to start to look for a potential bounce coming.   The SPZ held up so far a few points off the 1415 noted yesterday, but it does not necessarily spell the end of this corrective trade as it sits near a lower trendline possible break.    No time to be a hero, just wait for a confirmation of a trend change.    The other thing to remember... is be selective always in your choices as we try to be on new stocks alerted.