DJIM recap..
Tuesday, November 21, 2006 at 08:16PM So far the blueprint for this holiday week is quite the Green when it comes to DJIM small caps. We spoke of EFUT possibly being good material for holiday trading and it hasn't disappointed as far as excitement goes and huge gains since Mondays open. Does it have more in store?. Who knows!. The real fighters off DJIM have to be GROW and JST, up 8% and 7% plus respectively today with NCH's. If you were patient, you probably got yourself a decent entry on JST without chasing its lights out on the open yesterday. Not far behind has to be the GLDN in DJIM alerts today mid 39's when volume was a quiet 30K. This Golden baby didn't only perk up, it foamed up to $41 and a clean breakout on 308K volume. Again..the point of alerts is to show a stock of interest to us, it isn't a license to buy because we mentioned it. So everyone is into the momo this week, that's okay DJIM crawlers go the back door and put up another 5% as in the case of ATNI, $27.58. Ain't that chart a beaut for this DJIM stock from $21 this month. Paste this one on the wall of 25+% moves on the DJ Journal Archives wall....right next to MR which made a nice move to close at $22 today.
A note on TRT, we pointed out the possibilities on the weekend. One was a volume break over the high, this didn't happened. The other possibility happened but it wasn't the slow and easy walk to 9ema, we would consider for a play. We noted a few things last night we didn't like about the stock and its surroundings, todays action really didn't come as a surprise. Now is not the time to chase 9ema bounces, there is plenty of other plays forming. Hard to tell now how TRT will react.
Be smart, the market is only going to get thinner as we head into Wednesday trading. If your stock exceeds expectations it might only be an illusion and not your trading prowess, same goes don't freak and SOS DJIM if the stock of choice does not meet your expectations...the spreads, the volume allow for a lot of trickery as we finish off the week.....
CMT mentioned around these parts since earnings, put in a nice candle for the day. Let's see what this close brings tomorrow, if it holds early this type of thinster making a NCH has the makings of something that could bring traders in.
Chinese stocks... the likes of BIDU, GRFF, HMIN are definitely across a few trading desks this week providing a volatile trade.