Fun filled day...

for the Democrats?   Or is it in this case for the DJIM followers? lol    So the last piece of news that caught our eyes isn't CSCO's superb earning or guidance, it's GROW's split announcement.    It's definitely not a good way to PR pump your $30 stock.   But hey, we are just mere mortals and if the announcement gives action, and action creates opportunity, we'll trade it.    Now to some real movers....

EDU, we don't know the reason why it jumped this much but we are glad that we held our shrs last few days and added promptly on the break of $26.   It pretty much gathered strength throughout the day as traders tried to play catch-up.    Can it break its old high?    It's definitely setup to do so and it'd be very interesting to see what happens after it does.

RVBD, is this a sympathy to CSCO's earning perhaps?  We think it probably will be come tomorrow.  Oh, it also broke out nicely today on good volume.

BTJ, OIH is definitely trying here.  This kind of sector move benefits some of the little ones the most.   There's also of course MEK and ALY and all three are running for various IBD100 spots coming this weekend.

TRT, a few readers emailed us on this former mover today and we think it has potential.   As we said many many times before, if the insiders stay out of selling, we can get some sustained movement up.   Believe it or not, those insiders always tend to pick the "best" time to kill its momentum.   Maybe they should run a short fund or something since their timing is just so impeccable.

RIMM, well, you can put this one in the book now.  Another 25% gainer for us (see DJ Archives) and it may not even stop here.  For a large cap where you can literally buy millions of dollars worth, this is not a bad return for a month of work.

SRVY, this one came out with earning this morning and what caught our eyes is the trading action.   The number may not seem spectacular but it's apparent that there are some who really like its story. Lehman for one who raised estimates immediately.

AAON, finished up at the high of the day. More below.

Other stocks that we are trading/watching today include recent DJIM stocks SNCR DIVX APLX AMIE FTEK plus GDP BIDU OMRI TRMS and CMT off earnings.

DJIM recap..

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.

Three and a half hrs left....

Still 3.5 hrs left to feast on this holiday trading week....do you have it in you?.

Wednesday premarket we noted JCG, J Crew which has been undergoing a turnaround since 2003 with a new CEO.  JCG came out with stellar earning and raised "G". We're not big on trading retailers but this one had a nice chart and the flavor of IPO still over it as well.  Hey, its not Limited Brands inc, (LTD) that we could do some serious due diligence work on over the holiday up here in Toronto... but with XMAS shopping season around the corner, this preppy clothier might stick around the DJIM books if it continues to gain interest. Of course, its Black Friday weekend so you have that to consider all the upcoming news into a potential retail play for your book.  The stock traded up to $38 AH's Tuesday, the open dipped into the high $36's..a surprise with nothing really behind it, this definitely looked like a buy opportunity to us..  Soon the stock picked up and it was not too much later that we entered as it started to catch some air. There are 100's of releases this time of the year, we are selective in putting things up you might want to look at during extended trading hours, DJIM alerts as well.  JCG was one you should have been watching early on with us.   CAAS's crazy one day run recently might have given you reason to check back into this Market Chat feature.

Another highlight was the move in the heavily followed DJIM stock MR.  Not much you could say about it except it managed to tack on another $1.50 after being alerted to with the follow up on JCG in the morning.

CMT, this late day alert Tuesday in the very low $9's put in a very good day closing in on $10. The chart looks excellent for this steady mover and it's IBD #'s are getting interesting enough to get some attention in our books.

GROW, GMKT continue to provide the best trading opportunities while climbing higher, buying the dips is not going out of style with these G's.

RVBD is providing the best opp in the recently followed DJIM tech names and is really the only one we have interest in trading...DIVX might be shaping up but the SCNR, TWLL, TRT, UCTT need further consolidation and/ or a breakout for us to get interested again.  Be careful tomorow, false breakouts may occur on small volume, best to pocket some gains because they can evaporate quickly come next week.  

EFUT, CAAS are teasing and might be playable tomorrow again, we just wouldn't be holding them into the weekend.

DJIM hold/ hit list #15

Despite a shortened trading week in which the indices basically consolidated on light volume, DJIM heavily followed stocks produced quite a week again. Add the early introduction of JCG, alert on CMT low $9's and there was more than enough to feast on this past holiday week.  With the mid week additions and the strength of DJIM stocks,  there is really nothing new to add going into the week. Again, as the gains marched on last week it is never a bad time to pocket some points.   In 3 days and 3.5 hours, JCG, MR, RVBD, GROW, CMT all posted gains of more than 10% on the week, throw in another 5-6% from the RIMM'r...DIVX, mentioned last week as the only other DJIM small cap tech worth a trade tacked on 6% the last 2 days.....even the crawler ATNI closed friday at $28 and another NCH.  Some like ZOLL, EXLS are slowly coming off, consolidating those huge DJIM opening day runs and might be ready to participate, especially if we get a good market.  The action in the DJIM stocks made it unnecessary to seek out new flyers for a quick holiday trade, we mentioned EFUT last DJIM #14 as a possibility for last weeks probable enthusiasm and it didn't disappoint with a two day run of 30% or so. We don't know the mood Wall Street will come back to their desks with...we really don't care and either should you.  If you are practising taking your points and profits like us the last few weeks, well actually the last 10 or more weeks...you are in a great position to end the year!. If so... now is maybe becoming the time to be more selective, which could be just reducing your positions or the lot sizes of your top performing DJIM stocks.  If we get a pullback before XMAS, you will be thankful as you sit in extra cash and shop for the familia,  while others may find there is nothing even for themselves in the Markets Store.  The Market is quite the resilient one, but you never know if and when a crack will appear at these levels.

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.