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;

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