As the NFL takes on week #6, DJIM is on #9 running nose to nose with Da' Bears on record and the PF/PA spread, we are about collecting points except we are da' Bulls....After 8 weeks of solid gains including catching 9 moves of 25% and up since late August, we are quietly sitting with skeleton shares or none at all with most on our list waiting for a new earnings play(s) to come forward... or a bust out move like we recently had in AZZ, DGIT even if it is short lived from the ones on our list. These include some long followed DJIM's...CPY since $ 43,CETV from $60, MR an IPO. So far the big names earnings releases are outperforming the 1 Alcoa, so things ahead look promising but that could change with one report as previously discussed. In the meantime, we will try catch a move here and there like BVX last week. Nothing new is worth taking on this weekend with the expectation of giving us a move DJIM style.
ACOR as per Market chat comments is one we still look to trade once some PR flow kicks in again.
EDU which is on its second DJIM run from $22 has earnings this week. Again, we don't hold into earnings but we will jump again if it is to our liking.
RIMM, CETV, CPY all 10%+ DJIM's are all near tops which we want broken to add. We hold skeleton shares of these between us and will add if the tops look to be taken out. Exits are pretty clear on the charts for most of the DJIM's. EML might be starting its crawl.
TRT has provided plenty of opportunity for those following since DJIM alert at $8+, we'll wait out the games and look for confirmation to go back hard. A start would be a close above the 9ema.
In between we look for DIVX, RVBD and now APKT to provide almost daily opportunities in the tech IPO fever. Some other names previously on the DJ Journal ANST,SIM,CSH, NEU also had a good week. Hopefully, after 8 weeks these names have made it to your lists. The point of our lists from week to week is so you may assemble a list of your own to concentrate on from what we trade and follow..... saving you lots of grunt work but still doing your own DD on the listed before making a trading decision.
Charts updated at BT charts....ACOR, AZZ, BVX, DGIT, EDU, EML, RIMM, TRT and the NDX