We have to admit, that we were really spoiled by the good action we've had since the end of Aug. The rush of those good action, seemed to be pausing lately. Of course, we are right at the beginning of the earning season and it's definitely a good reason to sit back and pick your target. Many people like to position themselves well into an earnings season with some "good" stocks to perhaps catch a good earning report or two. For us, we just like to position ourselves with cash. We have done this(earning season) many many times and this time is no different. What may be different about this quarter though is that mood is good and expectation is "probably" high. In any case, seeing is believing and we are just going to wait for some good report to surface up from small caps and play our cards right. We are also keeping a close eye on DJIM stocks, current and some former ones on the earning development.
We also have to note that there are some tradeable action throughout the day and most of which can be found in the MC section plus ideas from others visiting DJIM. We do trade many stocks everyday but unless we are feeling confident that the stock has the potential to pull a meaningful move, we are not going to bother putting up every little runner on to clog up space and confuse readers.
CHARTS UPDATED FOR TUESDAY TRADING IN BT"CHARTS incl: ACOR-AXX-BVX-CETV-CPY-DGIT-EML-EDU-RIMM-TRT-NDX
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cheers,