Your Personal Trader - DJIM Journal 2011

A day on pit road and right back on course racing to take another checkered flag with a close above SPX1333!. The same catalysts that have motored the market for months were in effect today. All 3 were pointed out heading into the day. 1) M&A FDO, 2) tech earning /pre-announcements from DELL/KLAC, 3) more strong euro fin earnings (SOCGEN) on the heels of Barclays. Also, Bernanke (minutes help) didn’t stray from inflation mandate out for 2013. The tapes color remains the same in respect to resiliency, shallow dips being bought etc. Gauging by the Shadowlist components accumulation is present, but stocks are not being chased. The leads to ~1% gains in the majority with a random single stock pop here or there on any given day.

Shadowlist

Momentum/earnings/“winners of ’10- previous days losses were negated as noted by Tuesday’s AMC newsflow. Incremental upside in all sub groups (hardware, semi’s ,networking, opticals). Incremental closing highs in AZPN IRF, these EPS’ may not be runaways, but are as safe as they come allowing for greater size buys/ and almost definite dip oppy’s from these 9ema tree huggers. NVDA, strong guide, but its been in this momo name of 2011.
Commodities – Fresh highs in our closely followed CLF,X and a further 10% pop AMC in CLF following EPS.
Financials – Euro fin earnings are keeping the U.S linked stocks in the game.(SOCGEN this time). JPM fresh highs.