mid day update

well, it feels that there is only a couple of plays that are worth watching today, let alone playing.   some of the high momentum stocks are taking a breather today,  NVEC PWEI NEU ...etc.    but, fortunately it's someone else' headache at the moment.       It's definitely not easy playing these momentum stocks when the potential risk is just as big as the potential reward.    When all things considered, I guess you have to look at the overall market environment and overall momentum plays environment.     For the three plays I just mentioned, the way I'd approach them is going nuts when it's having a really good day and let go most of the sizes near the end of the day and try not to hold a meaningful amt over night.    When I look at these high calibre momo names, every day is really a new adventure and unless we are in a favourable small cap environment, you have to approach it in an ultra cautious and conservative manner.     The whole point is protect your capital, your profit and protect yourself from becoming over emotional when trading these names.

BTJ,  this one is a bit different from the above three and why I think a normal pullback right away may not be in the cards.    I thought BTJ play came out too fast and too sudden.   Nobody expected such a huge jump in IBD number.   The day it came out earning, I think I checked its IBD rating and its eps was only 74.   I thought oh well the best it can probably do is to get to mid 80s range in terms of eps rating.   This 99 99 stuff is catching alot of momo, ibd type of crowd off guard.    We are all scrambling at once to get in on it.   What would've been a one day or two day wonder may now last alot longer than ppl expect.     To me, the play right now is to buy on every dip, even as it inches higher.    Even if it doesn't make it onto the list this weekend, this will be in play next week.       At least IFO ERS HSR gave pple alot of heads up time before they got onto IBD, this BTJ is just too fast and furious.

HWCC,  does anyone else besides me noticed that it has 98 99 rating according to IBD?   I don't know what's the requirement to get on the list or maybe this one is just IPO or lack of min. daily volume but when it does get on the list it should be another shock to those who aren't famaliar with it.   I added some.

so at the end, you really don't have to catch every single play out there, just make sure that you hammer the best ones.

cheers,

Update on Thursday, August 24, 2006 at 02:24PM by Demi/ YourPersonalTrader

Late day buying all week ....always a good thing to see, maybe this 20pt NASD reversal has some juice into todays close.

BTJ update..

It seems like just couple of days ago when we first bought BTJ, in the 14s and 15s.   Well,  it really has JUST been couple of days. lol    We sold some, see Demi's mkt chat, actually for me, I sold 3/4 of BTJ just now around $19 so I can go out and have a nice steak with the wife.     I don't believe the move is over and in fact it's far from over.    Volume does not indicate a climatic phase and this IBD thing is merely warming up.    I sold some merely just to stick to my discipline and protect my profit.    If I don't sell some now, I'm sure I'd soon get into a "carried over" state and may not be able to judge the move correctly since I'd be constantly thinking that I got in at the low and it just doesn't matter.    So, I've got to stick to what worked for me and let go some.

I am planning to buy back a little toward the end of today so I can participate in the "IBD gap up" on monday if it actually gets listed.    The thing is, the higher a stock ran up in anticipation of a good IBD listing, the more likely the action will dissppoint on the following Monday if it does make it to IBD.   The best buying opportunity could be right after the sell off from the IBD listing.    Well, at least that's how I see it may happen.

this stock reminds me of NGS or EXM in the past,  if anyone remember those two plays a while back then you know how much potential this thing has...

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

Is it 2pm yet? ..FOMC minutes, CETV at $60

Likely to be a 'real' sleeper till the minutes are released, then maybe just a sleeper...volume will drip in the book of stocks we are following, the drip is a 'green' right now..................there is always a BTJ re-entry to figure out

Update on Tuesday, August 29, 2006 at 12:14PM by Demi/ YourPersonalTrader

CETV- bot a small piece for a pure trade around $60, market seems to like the news of Lauder giving up a big stake.

Update on Tuesday, August 29, 2006 at 03:33PM by Demi/ YourPersonalTrader

RUT 2000 at breakout levels, BTJ was figured out by most it seems;).  Added more to CETV as it started to groove. I'm sure Jon will touch on more of the moves AH. The DJIM list is quite the green now.

Update on Tuesday, August 29, 2006 at 04:37PM by Demi/ YourPersonalTrader

Chart of CETV around noon at BT charts, the recent top in dotted line around 61.50....if you look at the 1min. chart  end of day you could see how most saw it as 'pure trade' with the same top area in mind (61.75 H) after nearly a 4pt day for some....the sellers a plenty in the last 10 min...one big one sets it off. Closes like BTJ's are a lot more fun.

After the Minute

what started as a typical dismal Aug. day during the last week of the month turned out to be very exciting toward the end.    Of course, you still wouldn't feel it unless you are trading our kind of small caps.

BTJ, once again it's on my top watch list and also the first thing I wanted to talk about.    All I want to say is that you are gonna wish that you bought some shares earlier today.    I started dipping some earlier today and got more progressively as its action turned from so so to fantasitic.      Maybe this stock will eventually crash down or burn in flame like IFO or ERS, but for now, momentum rules and you have got to hammer this one as it gets hotter and hotter.     In fact, most of my trading gains come from plays like this.     The point is, when a stock like BTJ  has this kind of liquidity, the momentum and everything else which makes a great small cap winner, you just have to go all out and put all your effort, capital, and focus into it.     Of course, I don't have to take this much risk now and even though I'm playing BTJ with less than 10% of my equity, it can still count for substantial gain when I play it right.     

FTEK,   would you look at that flag?   This is a typical break out scenario which we've played many many times before.   However, it never gets old.

NEU, I thought this is the second best setup next to BTJ.    It is very volatile for a $60 stock but when you get it right, the reward outweighs the agony tremendously.    Blacktruck has had some very nice chart + timing attached on this stock and I'd suggest anyone go check it out.    I'm long a few today but will add aggressively the second it takes out $63.

aside from the above three which I thought were the best setups on my screen, others include UIC IAAC PWEI IPSU ANST HURC all closed near the top of their range today and I believe they all have the potential to get some carry through tomorrow.

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

DJIM list WK #3

DJIM will be going into the week with the names listed below, narrowing the list to concentrate on the more volatile names recently added (IAAC,BTJ,GROW). Last weekend we were looking for momentum trading to continue with or without Mr&Mrs Hampton, late in the week we certainly got that with IAAC breaking its volume highs, GROW coming along for the ride. What you want is a breakout with volume, those two got more than enough on the last friday of trading at the end of a dull summer. If this is not enough to start the week, there is BTJ that has refueled over the weekend at IBD #3 and looks to have setup for another trip north. We are not going to fight the tape with these, it will decide what we/you should do. This goes with keeping with whats working and finishing strong or showing resilency on dips and that's what we want to hold. ALY,AMIE,WBD are still performing well off our Aug18th list. WBD on friday is why you keep a tight list which we try to do, a 4pt intraday reversal to a high is something to behold. You don't have to be environmentally friendly to recycle stocks. NEU closed at a high too and definitely came back on some screens over the weekend. UIC has also performed well up 4 pts since being added. Something tells me GRB, FTEK, PWEI feel left out and one or two will let it be known this week. PGTI remains the Baskin Robbins play...hurricane flavor but you need to watch the homebuilders next to it. The others we will keep on the ticker above, what we want is to see life for an attempt at a breakout.

Reminder

GROW is having a CC tomorrow and this can definitely either encourage or disappoint the traders.    In either case, we've mentioned before that we do not like to hold through or even play this kind of events.    To top it off, what can affect GROW can also affect IAAC, so both plays are on hold untill after tomorrow morning.

BTJ, it was hammered yesterday and evidently triggered alot of stops.    The best case scenario is for it to consolidate in this range for a while before making any move.    Keep a close eye on the 9 ema and if it wanders too far below it this may become a "buy and hold" which is not exactly what we like to see.    In fact, we'd want to avoid that scenario.

Waiting and Picking cherry one at a time...ANGN ($7.50), FNET

Market is tough!   It's a fact and we already know that.   But since this is the only thing we enjoy doing for a living, we still have to make some sense out of it.  Lol      When it comes to this market, seeing is believing.   No matter what we think  how the scenario is going to play out, what the stock ACTUALLY does overrules any opinion we had or may have on a play.      Picture is worth a thousand words, as we often remind each other.    So, no arguing with the chart and moving on is a necessary habit when it comes to playing this market.

FNET, which was mentioned here on Friday, got the approval news for mobile gambling from Nevada state gaming control board.   This is a story stock which we had followed since its IPO day for those that read from our former home.   We are putting it back on the top trading list as we think this one will get some addional legs on the back of this news, if its history proved correctly.

ANGN, this one got some unthinkable boost after its earning report today.   We don't think this would get this kind of a reaction if it wasn't for the fact there's really just nothing else to play.    Earnings isn't spectacular but the reaction is nothing short of that.    We are treating this ANGN as a day trading candidate and are not holding any hope of seeing another double or any meaningful percentage gain from it.   Even if it does double, oh well and so be it but the main trading theme around this one would be very short term.

MFRI, it seems just about every small cap stock we played before gets recycled a couple times every couple of years.    Earning isn't too bad but more importantly the action is holding up.   We are putting this one back on the list too and will trade accordingly.

one last note on BTJ,  it's getting dragged down by sector and there's nothing we could or want to do about it,  along with ALY of course.    Keep an eye on BT's chart and it usually gives you a good clue when to avoid these kind of things.

cheers,

Update on Monday, September 11, 2006 at 12:48PM by Demi/ YourPersonalTrader

Never forget what sector your stock is in. The charts(ALY,BTJ, NEU) as BT pointed out were on the verge of falling off a cliff with any further downtick in the oils...3 weeks later these are just above our first alerts/list price. I'm sure the recycling program will kick in and we will be looking at these again.  The point of our list is well served by FNET today, if you didnt get in Friday, today was another opportunity to catch a nice entry. List it, watch it,watch the tape...etc...Stocks dont break volume records like FNET did friday without getting noticed. ANGN..how come it didnt get this action back in March when I listed it off earnings..;(. wonder if any of you have held this through to this day? Congrats if you did. I'm not sold on this gain but will be around as long as volume stays.

Update on Monday, September 11, 2006 at 08:24PM by Jon

Just a follow up!    The runup in FNET and ANGN today is nothing short of breathtaking.    Fortunately, it did not paralyze us from taking some off the table near the end.    Again, this is very automatic for us when it comes to playing fast movers.    Will these movers gap up and perform another runup tomorrow?  Who knows and we'll believe it when we see it.    Though you can't just retire off one or two of these kind of plays, but you can make a pretty good living trading these ones smartly.    Maybe the trading environment has changed somewhat since it's been a long while when a stock doubled in one day.   Hopefully this sets a stage that traders are willing to chase this kind of earnings movers and we might just be in business when earning season kicks in.   If you miss the runup, don't worry as there will be plenty of opportunities that'll come up and for as long as DJIM is up, you'll likely catch them early right here on this site.

Update on Monday, September 11, 2006 at 08:49PM by Demi/ YourPersonalTrader

Wake to overseas markets slashed, metals, oils gearing for 6th straight down and we end up squeezing the life out of two 3 MM floats in FNET,ANGN oblivious to the rest of the market. I know there is fear when a stock is up 80% but we're not gonna bring it up unless we think there is room for more. The price at post was 7.50's(80up), AH price has hit $9..that's another 20%. Again FNET was mentioned as it broke fridays high..post time was about $8.80, traded over $10... 10.25AH, thats another possible 15% on FNET. You could only squeeze so much.. Better education is the charts posted now after the DJIM runs, keeping sharp if the oil related ones turn than it is to have the FNET/ANGN charts done tonight.

Update on Tuesday, September 12, 2006 at 08:25AM by Demi/ YourPersonalTrader

Unbelievable.ANGN...took some more off 9.90premkt here....this is so in play it brings chills down my back remembering these 10k bids at 9.90's I've seen before .

Never dull in DJIM

Crazy action in SNCR, big bids came in...CPY getting attention and bot more this afternoon. CTCM another one we use for bounce is having a good day.

Update on Tuesday, September 19, 2006 at 06:09PM by Demi/ YourPersonalTrader

As we cap off our first month here at DJIM...our first ever listed stock hit the 25% benchmark we set in finding stocks. AMIE joins a few others we have introduced since August 20 for 25+% moves (BTJ, FNET,GROW, ANGN, EDU). Unfortunately AMIE did it when we were not playing favorites in this market and sold her off. This hurt me more than Jon as I like the crawlers more...but 25% is 25% via a momo run or a month long crawl!. I'm sure it will be picked up again shortly, but as we keep stressing take your points/profits and recycle.

SNCR if you bought early, you probably sold as it blew over $11. A bid of 43000 started chasing the stock up and it got filled big time much higher. Who knows what this was about?. Be careful.   GROW, we finished with for now after selling yesterday as well. SYX looks much better at the close today. CPY was getting swallowed up 43.50 area. TWLL held it together through a rough market and a Dgrade...not bad

Targeting the easy..

It's definitely easier said than done.   What we are trying to do here at DJIM is to constantly find plays that we identify as being the easy plays.   Those are the kind of plays which according to our past experience, have the best probability to go up.    Of course, it doesn't necessarily mean that our plays aren't risky.    Take ACOR for example, we noticed the morning upgrade and decided that it has a good chance of going higher if its opening isn't too outrageous.   We got that and it was a good play.    Had we held on till the close, this is back to square one and you can literally write off that upgrade effect because it was in the bag.     The point is, use the opportunity to your advantage and trade according to the trading rules, as oppose to any other sentimental rules.  **CLICK ON HIGHLIGHTED GREEN to enter Chat

[Demi] (Reply) on Extended trading- Pre/AH » Small caps quickies Travelzoo beats by $0.04 (TZOO) 32.40 :Reports Q3 (Sep) earnings of $0.28 p ...

We still feel this market needs to rest/pull back.   We feel that the sooner it's done pulling back, the better shapen we'd be in for November.   Unfortunately, regardless what anyone thinks the kind of shape our mkt is in at this moment, trading opportunities keep on popping up daily, earnings related or not.     Here's some of the playing/watching today....

RIMM,  this one was noted awhile ago on its earning day and so far it's gotten close to 20%.    This is an exception to what we normally trade but this stock always occupy that special feeling to those who were once trading it on the Toronto stock exchange back in the days.    The break out looks good today.

MR, at last!   We just have one question about this one, "what took it so long?"   In any case, even though the stock is enjoying some nice gains, we still need to trade according to the action and letting some go when action stalls.

BTJ, de ja vu?   The earning reaction looks powerful today and we really don't need to refresh readers what this thing is capable of.

Past BTJ posts    http://djmarkets.squarespace.com/dj-journal-archive/ 

BVX, pennant b/o, thick zone or whatever you want to call it.   The fact is that it closed at the high and higher than the recent high, it's an automatic buy for us again even if this not one of our favorites right now. We have said numerous times what we were looking for since the recent run up, today we got that with volume and a good close.

TRT, we bought a little of this one.  We have a feeling that this one may have seen the low.   This doesn't necessarily mean that it's going right back to old high.   It definitely needs some more work and if the inside selling stops , we may just have a chance. 

EDU, possibly the Motley effect is eroding... we bot little to keep an eye on further development. APH as well off the 9ema. AZZ looking pretty good on the chart.

Off our market chat, a few nice stocks put up by fellow traders..

SILC, this stock is also worth keeping an eye on.   Earning may not be awesome but action suggests it can go higher. MTOX, this is one of those stocks that we aren't initially sure that it can attract momentum or not.  Today it proved that it can and we are in some . ILMN, this is a possible b/o that may get some follow through the next few days.

Yesterday we talked about a power move to/at 114 for RIMM. 

That's a pogo stick you want to jump on when you see the volume kick in.

Charts updated for wednesday at BT Charts

ACOR-APH-AZZ-BVX-CETV-CPY-DIVX-LCC-RIMM-TRT and BTJ

Microsoft earnings...

We're sorry..bad joke....okay unto what's happening in real time, not when Gunsmoke was the deal on the tube;). DJIM real time starts bright and early as this joyous season of earnings only comes around once a year....Wait, it comes around 4 times a year and lasts quite the long time.  What it comes down to is ... EPS season is all year round with us...we play it, trade it, invest in it. We've given the lowdown many times on our trading principles and focus around this type of play.  On to the bright and early...this rush of earnings reports is something to chew on, sometimes its overwhelming at the front loaded season. What we will continue to with the help of fellow traders is try to give you what looks right to us for a trade, a play for that day.  Sometimes this is done on the first cup of coffee, so you better do your own research. We can help you recognize a potential earnings day trade, something we will watch and possiibly trade.  Today, the stars were ZIGO, KSWS, PCCC in premkt. ZIGO in the mid 14's, KSWS 33-34's, PCCC 9.90 at the open. Hopefully some DJIM readers jumped on one or two of these premarket or early on.  All made it to the top 10 percentage gainers during the day.

Earlier this week, we tossed out BTJ, FTK premkt off earnings. Some names given might have earnings calls later, so the numbers that may look swell might be beaten to death by a stuttering CEO. Sometimes there is a trade before, sometimes after the call.  We prefer no call...We don't hold into earnings reports and we don't hold into earnings calls unless the guidance has been revealed to the masses and the trading action indicates we should stick around.  Most of the stocks we put on watch premkt/AH will not end up on the DJIM hold/ hit list, but honestly we can't do anything but trade, so we must trade this opportunity when its presented. This usually helps fund DJIM stocks that we want as longer term holds, call it moonlighting.       Now back to DJIM stocks....

UCTT- this one first because there seemed to be some panic AH. The word 'dump' is something we should not tell the biggest, newest shareholder of UCTT shares. We should not tell the institution (most likely) they bought $1 and change over the closing price on Monday, earnings day. These deals do not happen a buck above the closing price on a particular day, you do not move 1.8 million shares at a premium from one hand to another, you move it lower. It's quite logical as to why, sometimes its just averaging out the deal.  Not being very familiar with the UCTT/ Seiger merger but the other reason for the block could be the business of the M&A. If this doesn't cut it for you, call Oliver Stone tonight or just wait for the morning action to set it, price it straight. Either way, we think the shares at $13 are a treat and not a trick for those buying from the scary people AH. Just like SYX, which we introduced at $13.... UCTT is and was not intended to be IBD material in 48 hours. SYX took sometime and so will UCTT, we think this transaction won't matter down the line if and when this gets truly noticed for it's IBD numbers.

TRT- this is going to the DJIM plot the last few days, except today's early move over $12.50 had us a little stunned. The volume made this impossible to hold. So what happens next is the market catches some air and gives TRT some volume and a push to 13. We still feel its a little early, maybe we are just hoping for a pullback to add. Today's actions tells us it wants to go higher, we're just not sure when the ETA for a test of the highs is.

RIMM, MR remain the stars this week...APH had a war just under $69 late in the day, finished higher so the war looks to be won as it comes to $70. We've dwindled down the BVX again, the power was not there for a further break. GROW came back on the trading block today, joining IAAC...a DJIM reunion of sorts.

Charts updated for fridays trading day at BT Charts

DJIM hold/hit list #11......MOBO hiccups the MOMO..

How convenient that earth shattering news was!...The market with 2 strikes against it yesterday....GDP and TGIF having little effect on the market, and then conveniently and timely GS decides to rile up the market with a blackberry file from an analyst whooping it up on a Friday night in Taipei with 'old news'....Did this tech rally really miss the fact that Vista delay troubles and 8 million Sony crisp and toasty batteries might dampen 4th Q holiday orders/sales and that corporations would take their sweet time incorporating Vista into '07.  Is it breaking news that many would go for something else this holiday season instead of a new MOBO' system?  Well...with a sensitive market after GDP#, profit taking Friday and with the market needing a rest period, it didn't take much to get the profit taking ball rolling without giving much thought. Is this really anything the market didn't know about or expect? . We wonder who was buying the selling on the 'demand has fallen off quickly in October" headline?.  You also have to wonder about a market that takes 'YUCK' GDP so lightly, yet gets shaken on MOBO growth prospects/shipment declines for October.   The market looks like it wants go higher into the last quarter to us, the GDP short term reaction helped this idea....but of course we need a healthy pullback ...consolidation, maybe this is it. The charts below show the lines in the sand for a pullback and/or some more. The SP on the upper line, the recent break outs of the indecies, the possibility of the Dow transports getting closer to highs which could be the last straw if it breaks out for those thinking this market will implode in 2006. Our gig at DJIM is not to get into the scenarios, there is enough info and talking heads giving their take. We don't want get into this ever on DJIM and we wouldn't expect many to ever agree with us or would we care if they didn't... so we don't.  We are traders first and as we always say....we will trade accordingly to the action we see. Yesterday, it was taking some off as we thought the GDP was enough to cause a needed pullback, the late tech action told us to sell but there were a few pieces we were still buying late in the day..   There are a few techs in the DJIM bunch..

TRT saw the brunt of the GS note. In our notes, we have been cautious on the TRT action pointing to the recent move without volume and waiting for the insiders to stop the selling. We talked off wanting a pullback to add before an attempt at the highs. Fridays was a little extreme to add, we will wait to see if the insiders helped the cause.

We added some DIVX again on the late day dip, we still think there will be some action like in RVBD the day of earnings before the release.

UCTT seemed to have survived the GS note and even closed higher than the much talked about pricing of the 1.8 mln share exchange.  Not bad action considering this is a semi with a cloud over it from that large transaction for some.

APH was looking so sweet as it broke the highs and toyed in the $70's  Then it got taken down with the rest. As we've said before, we expect this one to be on DJIM for a while.

RIMM..DJIM's after hours pick up at $99+ on earnings day had a nice breakout this week. We noted to look for one at $114 early on. TD research gave it a glowing report with another tgt in mid $100's on Friday. Our goal is still the 25% gain which is DJIM's benchmark we strive for in our buys to join the wall on our DJ Journal Archives page.

MR had a terrific week after driving us nuts for about a month. Last friday, we focused on the MR move and what it might bring the following week. Seems the break out move caught on as we went from low 17's to 19's. At this point we would like it to pullback closer to 9ema for another move into it. The volume dropped off thur/fri and so did our position. We will keep watching this closely and hopefully catch another move up.

ACOR is just a marvel to watch, it has bored the momo traders yet they all wait and watch for a move(including us;). This is now a hold long term for many as it has churned here in the 17 range endlessly. Are 3 or 4 firms wrong with the $24-25 targets on ACOR, we don't think so and patiently wait for any news to spark it again.

BTJ, the possibility we spoke of Wednesday for a late momo run into IBD didn't play out. The positive of this is the stock is becoming more attractive off the pullback after stellar earnings again...cheap...We will move heavy into BTJ on such sector moves but this will only occur with a volume push, so far BTJ is not trading like the BTJ we know...the volume is not there but we still bought some into the close as it closed in on the 9ema(15.80) level. The August run we followed had BTJ reach 9ema on day 6 (including earnings day) and then it continued forward.... Friday was day 4 this time around.

Some of the best trading opportunities this past week was from the stocks mentioned in the Extended trading thread in Market Chat...

FTK, ZIGO, CTCI and a few others on consecutive days.  We expect this to continue as the small caps begin to roll out their numbers. As the EPS small cap show and tell begins, we will still keep the charts refreshed for some DJIM stocks we have little or no shares of now. We don't expect these to test highs until EPS is out or some news propels them to break highs. This includes CETV, CPY.   On Thursday,  we said we dwindled BVX (DJIM since low 7's).. this follows DGIT (low 10's). BVX seems to be only for the chart players now, another play might be formed with those 3 last daily sticks, DJIM needs another catalyst to move back in. Both have been profitable DJIM plays but we see more exciting things coming up with a fresh earnings season. Like all DJIM listed stocks these will be watched for a possibe entry. IAAC,CTCM,GROW continue to provide nice intraday moves for traders.

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.