NEU ALY

NEU is one of the stocks on my top 10 trading list.   It's in a process of breaking out today.   Given the kind of momentum this stock has exhibited in the past, it should have some meaningful follow through.    What I like particularly about the setup is the consolidation prior to this move.   The consolidation looks solid for this move.    Recent earning and Insider buying are the two catalyst Imo.   This one is for my chase today.

ALY got a nice RBC upgrade today and the fact it debuted as #50 in IBD helps.   This co. also did a recent offering and was taken very well.    It's one of the few stocks attacking 52 week high I really like.     I'm adding on weakness.

Wrapping it up....UIC entry

It's definitely an interesting day!   For the first time in a while, I actually had quite a few tradable small caps setups for today.    Hopefully this could be the beginning of something similar to come, and timing can not get any better since it's near the end of Aug.

NEU, moved huge after gapping up from the consolidation resistance and it pretty much went straight up and took out the old high.   This is a very volatile stock and I believe the best play is to get in aggressive and early today with some faith that it could pull a move like it did today.   Of course, it's never easy in this mkt environment and I only started adding aggressively when volume comes in.   The big question next is whether it'll have meaningful follow through.   With the volume like it pulled today, my thinking that it will, but it will be done in a volatile fashion.

ALY,  I wondered what the stock will do if without the RBC price tge increase?   The move today was a combination of IBD chaser and RBC upgrade.   Again, volume is good and one can only believe that this may be able to setup a new trading range.

HWCC,  I've been in this stock since the day it reported and wondered when it will actually take out the earning day high.    Well it came today on pretty convincing volume.    I always felt that there was a big seller doing his job around $20 but certainly he's either gone or is being overwhelmed today.    I have high hopes for this one and will add aggressively now that the stock is making itself known on a day like today.

LXU,  what started as a chart play may turn into a momentum play.   All I know is that this thing trades on AMEX with a small float.   The co. is profitable and is showing growth.   Those are definitely good ingredient.    But boy, the chart looks great for momentum players.

I also traded a few other things like TRMB GROW ALB EME PWEI .. and am holding a few of those overnight.

cheers,

Update on Monday, August 21, 2006 at 09:18PM by Demi/ YourPersonalTrader

UIC- big EPS winner last March-April for us is back on close watch. Chart , way off highs+ press of unmanned tactical aerials

Update on Tuesday, August 22, 2006 at 11:42AM by Demi/ YourPersonalTrader

UIC- BOT trading under 51, up nearly 3% on day, needs vol for a nicer move.

Update-Closely watched/Holds

A week of low volumes, no buyers and no sellers in the market didn't stop a few DJIM highlighted to have some nice moves. When holding a basket of stocks, I like to calculate the weeks trading in points +/_. Adding, subtracting all the moves no matter if it's a $10 or $50 stock equally. So in keeping with this, the weeks alerts, Sundays hold/closely watched hit list provided opportunity for up to +4pts w/NEU, HWC+3, WBD+3, a few pts on PWEI, UIC..a pop on PGTI. The biggest % gainer had to be BTJ for as many as +3/4 pts. At the end of the week, 2pts here, a few here and there add up and you have a pretty good week while those in the indecies watched the paint dry. You don't have to be a full-time trader to walk away with a substantial portion of the points mentioned. Even buying BTJ the day following mention, a slow moving WBD type or catching a fast moving NEU and you still walk away with more than a handful of points into the weekend.

The only stock we took off last weeks hitlist was INPH(see 08-18WList log), the volume was just not there. We are keeping to the same stocks going into the week with a few additions to keep close to you. Also with Ernesto in the path we might get a shift into some sector momentum trading, our lists can change quickly and we'll let you know what we see as will some others who have been with us for more than a few years now from the Swamp, Sharkinvesting.com, TradingZoom forums.

One possible play mentioned here is PGTI, late last week Briefing put it at the top as a Hurricane play.This is primarily a Fla. company where codes are taking course and where it gets the chunk of its revenues, soon the Gulf states will have to get in gear. As with almost all plays, the base is stellar earnings...hurricanes or foreign beverages(WBD). A possibility with Ernesto is Light crude kicking over the recent $73 and change level that might really drive that sec.as well....Names, ideas are open to discussion in Market chat. Going forward the market might consolidate further until the Hamptons empty and the real buyers or sellers get to their pretty window views. With or without them opportunities for momo trading like last week should still exist. Remember most names we toss around have EPS that is above the average, this serves as a base for sometime unless the market turns as is the case with anything else, except the smaller floats that catch the momentum up, catch it down as well. It's really about entry...you snooze, you lose at the top. Investing in these earnings plays is not out of the question for longer swings, It just depends how much volatility you can stomach..just don't take your sweet time and decide at a Friday's close to enter a position in a BTJ move.

Anyways...the lines are clearly drawn on the DJIA, SP, NASD100 as to what is support for the market. Here is a list of hold/closely watched going into Monday. Most can be found in BT's charts.

ALY, BGC, BTJ, CTCM, FTEK, GRB, HWCC, ICLR, IPSU, LXU, NEU, PGTI, UIC, WBD....we could add a few more but we worry Blacktruck might run out of paint at this pace;

Aug. 28 Update

We have an interesting day so far.   Index is up as if we are starting a fall rally already.   As far as the kind of stocks we are concerned here, they're also getting some interesting action.

BTJ, well as if we are gonna start talk about something else today.     We believe it's a combination of "sell on the news" and slight disappointment of "it only came in at #14 on IBD".    No matter what, BTJ does need to rest.     What's so interesting about this play is that now it's on IBD 100 list, but at #14 spot, what do you do next?    It still has eps 99, rs 99 rating but yet it's no where near the top.    My strategy is to play it on the long side b/c as long as there are people who believe that this thing will eventually move to #1 spot on IBD100 list, there will be plenty of action.    Volume is great and potential upside is also great.     Depends on how it closes, I'm either going to buy some back if it closes well (around $18) or wait till tomorrow if it closes poorly (below $17.50).      As it stands, 9 ema is around $16.20 and if we close poorly today, there's a shot that it may try for the 9 ema tomorrow.      In either case, I will start buying aggressively starting tomorrow.

UIC, if you don't like the volume, then you must like the action.   I'm leaving this one be at this point.

ALY, it gaps up and is so far holding on great volume.      I've added some and hopefully it doesn't fade near the end.

HWCC, this one is having a bit of a disappointing action considering its debut on IBD100.   I think it's still working off its IPO inventory.   I did reduce some exposure and will not do a thing unless it breaks out of the recent top.

NEU, BT posted that it's setting up for a short entry based on the chart.    I do have a different opinion thinking that this one is in a consolidation phase from the recent gain and it'll take out the recent high sooner than later.    However, this stock is volatile enough that you can literally play both sides of the action in same day.

GRB, this is a recent pick that's trying to break out from its recent high.    So far it's holding up and volume is increasing but I will wait till later to decide if I'd be adding this one or not, based on the potential close that is.

ANST, I traded this one earlier today and am adding this one to the watchlist.    This stock had a good reaction to its earnings last Friday and today is helped by the IBD listing.    This one has quite bit of institutional exposure so I don't expect it can be pushed around like BTJ.

other stocks also performing off our list include CTCM, IPSU....     also, b/c index is performing well, you can always try your luck with NVEC, TZOO

cheers,

Update on Monday, August 28, 2006 at 03:20PM by Demi/ YourPersonalTrader

..end of day, the quiet star might be AMIE profiled last week...the other side of the BTJ's, but still EPS based.

Update on Monday, August 28, 2006 at 04:13PM by Demi/ YourPersonalTrader

Quick chart glance at the best moves today.

http://tinyurl.com/gudzu

IAAC $24.5, GROW $24.85 entry

It just doesn't feel like it's the last trading day of this summer.     

IAAC (24.50) -believe it or not, we started playing this one exactly three months ago.    Kudos to Demi, we started following it on another msg board since $12 and it's really been an on and off affair for us.    Thanks to GROW, this one is catching on some heat lately and it just took out the old high with very good volume.    Imo, this one has better growth compare to GROW and it also has good IBD exposure.    The reason why I mention IBD in about every paragraph I write is that about all of our past big winners would eventually turn up on the IBD100 list.    The recent surge in volume tells me that interest is picking up and momentum is building up.    Right now, it's no where near the climatic volume phase and so I'm not worried about a blowoff top anytime soon.   In fact, GROW is starting to set up nicely also which leads me to believe that this sector might be in play.

Update on Thursday, August 31, 2006 at 06:10PM by Demi/ YourPersonalTrader

If you have a screen with the DJIM stocks only...it definitely feels like a different market!..This is where all the fun was today..AMIE's move,  CETV moving to $62 thru recent top, CTCM, ALY trying to test our DJIM highs before pulling back. FTEK, GRB, NEU all looking healthy.  We talked of another entry on BTJ..well today was textbook 9ema. Also nice bounce in WBD....and finally IAAC gave a late day push, opportunity to buy into a New Closing High(NCH).

Update on Thursday, August 31, 2006 at 06:20PM by Demi/ YourPersonalTrader

Charts updated at close :ALY, AMIE, BGC, BTJ, CETV, CTCM, FTEK, GRB, ICLR, IPSU, NEU, PWEI, UIC, WBD  (use naviagation link to Charts by BT to access)

Update on Friday, September 1, 2006 at 10:43AM by Demi/ YourPersonalTrader

IAAC - TOP mover IBD 'stock on the move'

Update on Friday, September 1, 2006 at 11:00AM by Demi/ YourPersonalTrader

GROW- (24.85) mentioned above moving in as a secondary play on IAAC move

December...bring it on!

The faces, the symbols may change but one thing that doesn't change is trading the probabilities that are in our favor. This simply means going with where we see momentum. Yesterday was day 1, today was day two in trading where the probabilities for profits were in our favor.  One theme that emerged yesterday was the Russian telcos, we didn't see it in print or hear anything about it later, so may we were a little delusional at the onset yesterday.  But then the action spoke as MBT's earning really spilled into other names, one being VIP.  If the premise is correct, one Russian bear does well, so should the other. You all know how this works when ones news vibrates to another.  Well, VIP did not disappoint,  beating handily today  Vimpel Comms beats by $0.27 (VIP)  :Reports Q3 (Sep) earnings of $1.32 per ADS, $0.27 better than the Reuters Estimates consensus of $1.05; revenues rose 21.2% year/year to $1.36 bln vs the $1.29 bln consensus. If you believed and later saw the probabilities of these companies piggy backing off each others EPS numbers, then you have been quite the point collector..as many as 8 or 9 pts off the two in two days.  The other trend widely seen is that of oil related plays. You simply go where the momentum goes and what happens is you increase the odds tremendously in favor. It's not rocket science and we're definitely no rocket scientists but just like one must have street smarts to survive... playing into human nature, the psychology of the trader/investor takes you to where the herd is, better yet where its going to be. There is 63 dollar barrels of oil on the wall.....63 barrels of oil...literally as this is the area of resistance and we are at it.  If this is wiped clean soon, a new trend most likely emerges and that is Oil clicks on.  The last few days run into this resistance area was capped today by a beautiful move out of ALY.  DJIM has its oil stocks and ALY has been here since day 1 to trade in this segment, today was its long awaited graduation as it popped 10% to $21.  If you are new here, last night Journal entry noted DJIM stocks we like to trade when this segment gets interesting. The foreign telcos, the Oils are two trends we traded in our favor...the probabilities were in our favor to finish the days... green not red!......

A few others from today...

FSYS, a DJIM alert note in the morning just before the open, spiked early from $18.4 to 19.40 before consolidating for most of the day. Volume perked up nicely after noon. We like the chart on the daily for possibly more from this recent earning play.

RVBD continues to be the resilient tech. This was noted in the morning as it tried for highs at $34 in a not so happy market. We liked the volume action as it broke $35 late in the day, even if you flipped today that's as much as 3%. We like the chart too much to flip, instead we added as the day progressed into another NCH.

CMT, a DJIM alert pick up last week continued to paint a quiet, yet nice chart closing with another NCH

BIDU, RIMM, FTEK all these had some spark from news, rumors and are looking good.  We are a bit more comfortable with the market and have increased our buying, trading the probabilities that are in our favor as we closed off November.

DJIM hold/hit list #16.....Greed vs. Fear

From the action we had last week, we think you can pretty much wrap the extreme side of those two emotions into five days of trading.    We started the week with -54 on Naz and ended the week with -18.    It could've been worse, we have to admit.    With the choppiness we'd seen last few days, could this mean the top is near?    It's definitely possible, and more likely so than the action lets say two or three weeks ago.     What it meant for us is to raise our caution up significantly.     How we approach this kind of choppiness is simply by reducing our sizes in each play and reduce the number of plays accordingly.    Unless we are confident that we can get something out of a play, chances are, we are going to be passing on a lot of plays.     At this point in our trading career, there's really no point to trade competitively in a tough market.   What we wanted to do is to trade competitively only in an easy market, and making easy plays... this includes finding new plays sandwiched between bad days such as the Russian telcos feeding on earnings... VIP and MBT. These definitely have more institutional action and should have less volatility going forward than the typical DJIM stock.

On Friday, there were only a couple of plays that stood out...one we mentioned in DJIM alerts and that was a few China stocks working again in a bad early market....MR, EDU......later even EFUT showed some life, probably more short covering than anything else going into the weekend and a tick off the 9-14ema levels.

MR, we had a feeling that people would try every Friday thinking that it'd made it to IBD100.   This week, MR did make it to IBD100 at #9.    This definitely brings a whole new perspective to the stock in our opinion.     It definitely had the goods to climb even higher in IBD ranking. There was even some chatter of how great Mindray is by the NYSE in regards to the IPO market. Well..we and our readers already knew this;)...Sep26."also keep an eye on MR, an IPO today which is based in China and sells medical device.   It looks pretty sexy.".  This chatter and IBD should bring a few new eyes on MR and a nice open.

BTJ, maybe the whole oil service sector fared well on Friday, but this one definitely stood out from the rest.   It hit a new alltime high on Friday and that's definitely encouraging to see given the index action. Its DJIM sister ALY made a nice reversal later in the day.

Despite the -50 or so Nasdaq week, we found a few trends with a green probability. We will continue to be selective and seek out new trading opportunities, plus have an eye to recycle some DJIM plays when its time.

Boring day...

It felt like a pretty boring day to us...a calm before a storm?   Major indices didn't do much of anything and most of our DJIM stocks pulled a sleepy one as well.    We can't put too much thought into today's action,  it isn't a bad thing to have everyone's enthusiasm curbed a little.     However, there are a couple of stocks worth noting and we'll just get right to it.

AXR/BIDU,  this pair is also getting some momentum carried over from yesterday.   Again, we liked the action today and added a little to our existing position.

GROW, one of the few games in town today.   Although we feel that the "easy" money has been made, it doesn't necessarily mean that "fast" money can't be made from this one.   This is, however, one of those stocks that only a full time trader with experienced trading background in this sort of play would attempt to play actively here in $50's-60's.

BTJ/ALY, this pair all closed near their day high and we are liking it for some further momentum.   The key, again, is to keep an eye on the overall oil services sector.

POWL, we are putting this one on our radar b/c we really like its earning reaction and it sort of reminded us of ATNI, in a way.   It's thin but it can be rewarding. A few small cap crawlers have given up their early gains following a earnings report rather quickly lately..EXLS, REXI.  We decided to let this one cool off and see how it performs day 2 and 3.  Btw..maybe not a bad time to start looking at ATNI again around the 9ema.

Many DJIM stocks have held up very well considering the choppiness of this market,  we are looking forward to tomorrow's action.

DJIM hold/hit list #17

No denying last week DJIM concentration of stocks outperformed the indecies once again. By mid-week the major indecies ran into some resistance from the rally that began the previous Friday, this is clearly seen in yesterdays charts on DJIM Journal. You can also see the market rise early last week was met with some profit taking on the Nasdaq as the money flow diverged.  What also diverged was the action of the DJIM stocks as many closed with NCH(new closing highs), some were mild but still NCH's by fridays close while the market did little to add on gains late.  These include ALY, BTJ, DLB, JST, HMIN, ZOLL, EDU and a nice tick off the 9ema on MR.  Last weekends DJIM #16 concentrated on the 3 segments we have been riding the uptrend with...China/Asian stocks, Russian telcos and the baby oils and of course the always ready to go,  GROW.  

Interestingly, the baby oils services continued to roll on Friday after the oil sector reversed around noon and oil went from the mid 63's to low 62's, but did not take ALY, BTJ with it.  ALY tacked on about 15% and BTJ another 6% on the week.  

Besides GROW's seemingly fast and climatic rise from 50 to $60's, it managed to create the usual buying opp on the dip as witnessed Friday. We have stated, GROW is in trader territory more than ever and you need to be on constant watch at these prices or at least have buy in dip points in place for another possible trade and push up.  The Asian stocks continued their march with MR, EDU, HMIN up 8% on the week, we cannot forget the cheaper JST which provided a 20% trip with a few bumps in between. The other group we have built around is the Russian telcos which we jumped all over at MBT's earnings.  VIP started the week at $76 and climbed to high $81's and now has been basing with MBT in the backseat.  GLDN tacked on about 3 points and ROS continued its steady crawl.  As always, we look for new opportunities to sandwich in between the heavily followedDJIM stocks in good and bad market days. 

Also this week, we again introduced AXR off earnings and a quick trip from 98-107, BIDU is another one we are trading right now.   Unfortunately, many still think a $100+ stock is not capable of producing nice quick returns and prefer to buy the speculative MAMA's that wear army boots.  

For many all the action in the 3 segments might have been irrelevant if they caught the VNDA moon shot. After mentions December 1st and 4th in DJIM alerts, we and many of you early risers caught the morning alert at $21 -22.  If not maybe some of you were accumulating some with us in the $15's.  This launch was enough for many to call it a week, some a month if you are confident in DJIM words that this was capable of catching the MOMO and jumped at the opp to load up pre market.  We enter week #17 with the same cast, holding many, ready to hit on and add to others..(eg. russan basing telcos like VIP, MBT) as many DJIM's finished the week at or near NCH's, which could be a passport to further gains if the market does not a pull one over eyes early on. 

The only recent DJIM names we are ignoring for the most part is the tech names which have shown distribution with the rest of the Nasdaq..RVBD, DIVX.  

If the Grinch takes a peek and starts up, we will gladly sell some of these top performing DJIM names and take the profits to buy new and bigger toys on the market before the year is up!.  We're not finished yet!   We hope after 16 weeks here, many of our new readers are seeing the joy and potential of trading stocks with a earnings base under them...90% of the stocks we have put up on DJIM that have produced great returns are just that...quality, growth producing companies.  If you are longer term investor, doing some DD on the stocks discussed here and buying months ago could have made your year without calling your FA or pressing the sell button ONCE yourself......BTJ,ALY,MR,EDU, AMIE, TRT, RIMM and so on.  There's a little of everything here to suit a variety of investing needs.

All the familiar ones...

This has been the theme throughout the the day, and throughout the month, so far.    Stocks that are going up today are those that have been trading near the 52week high during the last little while.    It definitely pays to have a watchlist full of strong stocks.    In our case, it's the DJIM list.   Here are some highlights..

ZOLL, this looks like a clear breakout today with respectable volume.   We added a little and feeling the move up is far from over.

MR, we are simply too tired to mention this one every other day.  This is a good stock, period.

EDU/HMIN, chinese stocks are definitely catching some fire today.   Both had a new closing high and that always spells potential momentum.

AXR, yes it's volatile and it can drop a few bucks intraday, but it can also be rewarding and trade up 15 bucks.    The key to trade a stock like this is to recognize the trend.   The trend is up and then it doesn't take a genius to know what to do, the rest is up to your experience and instinct.

There are quite a few others that made new highs and we are trading some of these moves.   Interesting movers include HRT LXU FRD GRRF CAAS....

ALY, BTJ,  we discussed their failure to avoid the trend Friday, well today it couldn't it fight it and $61 oil any longer, we reduced our exposure for the time being. $63+ is again showing its resistance.

A little bit of everything...

Of course, if you simply stare at the index and listen to CNBC today, you'd find it no more than a torturing experience.     The market seems to be stuck, as suggested by the index action and as well as the commentators would have you believe.    But if you look closely, especially the list off the DJIM stocks, you'd find plenty of action here and there.

The key here for us, is to play those that are attacking the new 52 week high off the DJIM watch list.    When a stock fails to advance or stalls at 52 week high, we reduce and lock in profit.    Having a list of strong stocks and constantly updating by adding new plays and deleting old ones ensure that you are always playing with the best stocks with potentially the best setup.     Here are some highlights..

Russian stocks,  GLDN and ROS continued their march upwards and left their stalled comrades MBT VIP behind.  Eventually these cracked the 9ema recently.  We are focusing more on the first two while keeping an eye on the rest.

Sugarcone, IPSU had a very nice follow through and in fact it was not late buying earlier today.

Surround sound,  Cramer surely discovered DLB at $30 and it's a definite bonus which is already 20% gainer for us.  Briefingcom has been all over it as well.

We also like the follow through on POWL and a nice setup on FTEK.    Two of DJIM's fav. oil co. BTJ/ALY have made new closing highs as well.     This market has become much more selective and it's understandable that many traders simply just want to take it easy for the rest of the year given the long stretch of rally we've had.    The best course of action for us is to let market show us what's working and we'll go from there.  

No complaints with NCH's...

...the NCH's, new closing high list is long today for DJIM closely followed stocks...AXR ALY BTJ GROW JST REXI ROS ZOLL..intraday highs for POWL,FTEK

If you had to find some faults of today's action, you can say that FTEK reversed hard intraday and IPSU or POWL did not follow through the way it did the day before.    Have those three plays met our trading objective?  Hell yeah!    It's apparent that up until now, we can conclude with everyone that the key for each and every one of our plays is to find them early and get in early or wait for the next leg up.   When it comes to selling to take profits or cut losses, unfortunately everyone has their own threshold and emotional tolerance and discipline.   We like to take profit a lot and trade along the trend.  When a stock stalls or reverses, there'd be lots of sell signals and plenty of time for us to act, and such is the advantage of sitting in front of the screens all day.   Only you know when you've had your fill and its time to move on.    Ok,  here are some stocks that didn't disappoint...

ATNI, volume perked up considerably today and half of it is due to a block trade.  Nonetheless, we like its action and its strong move above 9 ema may suggest that it's ready to challenge its old high.   We got back in some.

ABM, what a surprise!...well, not really as its a blast when institutions (80% in ABM) want to play your side and buy as today.   This one was alerted yesterday due to their earning but today's action felt as if the earning came out today.   This one had strong action throughout the day and we like this one and thinking this one may no longer be a sleeper mover. Again..this is a lesson in not chasing the open, if you are not experienced enough to make a call, don't do it.  Let the market tell you when and if its worth a ride.  patience paid of nicely with IPSU, ABM

OPTM, we alerted this one earlier today and even though it did not close at the high, the late push was encouraging to see.   Say what you want, this one is also an attention grabber today.

GROW/JST/ALXA,  why do we group these three together?   Because really, those three only trade off momentum, nothing more.   Since momentum trading is what we do the best, of course we had to alert them late afternoon to all just in case they close well.   And they all closed well.

The bottom line is, if you get into some of these plays early enough and apply a proper selling strategy, a hard reversal intraday should not hurt the play that much.    Even if you did get caught and took some losses, there's really no need to get hung about it and just accept it as part of the game and move on.   There's always plenty of good action waiting for you here,  and that's also the reason why we rarely bring back our past plays (TRT) to our watchlist, unless they come back and challenge the high again or have some PR to kick it up. Too many of you fall in love with a stock and miss opportunities day after day because your money is tied up.  We can see by how many clicks the TRT chart gets compared to a flying AXR.   Move on people, TRT was here at $8 and then 12+ , AXR is up 25% since alerted here 8 trading days ago, what has TRT done the last 8?