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

GROW

First there was IAAC, now there's GROW.     Even knowing that GROW has a nice setup going into today, no one really knows when it will break out, or if it will at all.    I think IAAC provided a catalyst.    When people trade up IAAC, they are gonna go find alternatives that may move like IAAC.   GROW is  probably the best fit and imo is really a close cousin to IAAC, in terms of characteristics.     IAAC went up more than I expected, I did reduce some exposure as I always do just to be disciplined.     I added quite a bit of GROW today and very much like this breakout, as it's breaking out from a relatively strong base.

Mkt is potentially giving traders a nice close going into this long weekend and we all should be taking advantage of this and reshuffle our position somewhat.     When the institutional boys and girls come back next week, it's really hard to tell what they are gonna do.    We wouldn't speculate on either direction but we will be ready for them as we've spent every day of this summer battling against the odds. lol

BTJ, it's firming up and is also setting up for next week imo.    This weekend's IBD list is a wild card for BTJ but I don't think it's going to do worse than the #14 spot.   Bear that in mind, the action today and last couple of days can only considered to be healthy.     There are a couple of other stocks which I would like to see a good close but we can never force the issues.    I will just let some stocks play out by themselves and act accordingly.

Update on Friday, September 1, 2006 at 01:50PM by Demi/ YourPersonalTrader

After the initial runs of WBD and CTCM off our list, these two are providing some of the best intraday trades the last few days . Just look at those 10min charts.....this is if you can take your eyes off the IAAC, GROW action.

Sept 1, Closing Update

What a week it turned out to be!   We have had some really nice movers from our DJIM watchlist and it's definitely paying off to be in this market when everyone else seems to be on vacation

IAAC,  not much I can say about this one as this is "what you see is what you get"!    Most people may not be comfortable with this kind of runup, and it's ran up after the fact it already had a strong week and month.    Well, this is what me and Demi and a few other traders have been playing during the last few years.    When all of your portfolio and all of your plays and things on your watchlist are all as volatile as IAAC, then after a while they become normal.     You basically have to get used to it.   For me personally, it did take a long time to grasp the concept of "trading a group of  most volatile stocks while applying the most conservative strategy"!     I'll elaborate on it more this weekend.

GROW, see above!     I felt that it has more legs left going into next week.  The only thing you have to watch out for is that it's releasing earning next  Friday.

NEU, patience may be paid off given today's close.    what can I say?  It closed at its day high, monthly high, and a new 52 week high!    This to me is about an ultimate close that a stock can get. 

other stocks closed well include FTEK PWEI WBD....  and a couple of new ones I'm adding to watchlist.

again, you don't have to own or play every single stock out there, just make sure you hammer out the best plays.

cheers,

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.

Keeping Focused...

Even though it seems every low floater with better than average earning is getting played as if it's the next big thing, we still have to be focused and catch some real opportunities.     Stocks like ANGN RFIL FNET in our opionion are just runners.   When you catch them, great, if not, no biggie.     Here's some update on stocks we are trading today....

EDU,  what began as an accumulation/chart play for us turned into a spectacular show throughout the day and right to the end.   We like the story and its action and this is looking to be a beginning of a leg up.       The beauty about these IPOs, there's no resistance and we can literally ride it as high as it wants to.    It's a profitable Chinese IPO with a relatively low float that happens to trade on NYSE, and it has decent earnings growth, and any more fundamental research is redudant at this point.    Hopefully this one will do some wonder for us. 

http://djmarkets.squarespace.com/charts/eduisnew.jpg

GROW, they shook the tree and alot of players fell off.   Well you basically have to see it to believe that the play is not over.    We are not arguing about the earning quality here, just stating the fact that the action today and yesterday looks good for a long trade.

IAAC, as Demi mentioned before, the selling may be overdone due to the commodity selloff, we bought some and looking for a bounce.

other stocks looked strong today include ANST GRB WBD CETV ANGN...

Nice Action....TRT,SYX,IAAC,ACOR and more

Ok, so the action today is more than just nice.   What it feels like is that market finally gave us what it owed us for a couple of days, action in the small cap land.    Still, indices finished up very nicely considering where we are at this point.    We can definitely conclude that market is riding on a high note going into the earning season which starts next week officially.    Now the DJIM stocks...

TRT, this one had a much better follow through than we expected.   Not only it took out $11.50, but it closes near the $12 mark.    We don't know if it's going to take out the high any time soon but we do know that $10 feels like a distant memory.    Now that people have seen how far it can pullback, it is only logical to think that they'd be lined up to buy on any pullback now.    Of course, we'd be in there doing the same thing.    Idealy, we'd like to see TRT trade in the range(consolidate) for a little longer before pushing for the next level of higher prices.   Looking good!

SYX, slow and steady!   In terms of percentage, this stock moves nothing like those little biotechs.   In terms of following the trend, this one is beating the little runners hands down.    Alot of the action is definitely due to the strong indices and maybe some IBD rated buying.   As long as the market is in a rosy mode, there's no reason not to own this one.

IAAC, it broke out today, on very good volume.   Although it didn't close near the high, but it closed good enough to generate some more potential follow through in our opinion.

NGA, also broke out and it looks like it should be able to sustain its move for a little longer.

ACOR, save the best for last perhaps? lol   This one definitely has the best momentum out of all of the stocks out there, whether you are comfortable with it or not.    As noted in MC yesterday we hardly thought ACOR was done because of the private placement and today we acted on it as it was about to attempt the days high (also an area where it churned yesterday, see chart below). It turned out to be a good move, and actually it turned out to be a great move.    We are not here to debate the legitimacy of the co. or its potential outcome of its drug so we are merely sticking to the trading action.    DVAX also got a boost today b/c of positive study results and this thing may also get some carried over momentum.   However, we still think that ACOR is by far the sexier of the two  in terms of story and float.

RIMM- traded nicely after yesterdays big day closing near the highs of the day $110. A nice chart like many others here into fridays action.

..JUST CLICK THE HIGHLIGHTED GREEN TO ENTER MARKET CHAT...CHARTS UPDATED FOR FRIDAYS TRADING DAY.

10/05

DJ DAILY DISCUSSION LOG in Market Chat

'Demi' replies » We have taken another position in ACOR here in the low 11.20's

DJIM stocks

By 10 am we pointed a certain 'stall' we were feeling in the mkt...by end of the day a deep snooze ensued as we kept hearing of the 'stall' and feeling it...a tick off resistance, a tick off support for the eg.nasd... the DJIA which now has 4 little stick man to show for the last 4 days...tell you the truth the feeling was more of malaise early in the morning..maybe it was last nights drink(s)...but more likely just an uneasy feeling for the market with our TRT, SYX, RIMM's near their DJIM highs. Best thing for us to do is try to lessen our exposure some more when our gut is telling us something, a load we all should have been reducing the past few days as the TRT, SYX are a good 40/60% since we introduced them... plus both stocks have provided a re-entry at 9ema for a second ride. Nothing is wrong with the stocks..its just where they are and how far they have come.... IAAC too since the reversal.  Lets not get greedy. We will now wait for a nice break and/or a nice close to get back what we have let go. If it becomes a pullback we will gladly add a 3rd time to some of these names. What might happen in the near future is a very volatile market depending on who is releasing that day...one good report...one bad report and so on taking the market with it, we'll stay on our toes but won't sway too fast one way as things can change by the next big name report.  Some of the stocks in our list are seemingly in a similar position to where EDU was yesterday...trading in a tight range. Except the CETV,CPY, DGIT sit near DJIM highs and seem to have found some sellers at these levels. Just like in EDU's case today or AZZ's yesterday.... we are waiting for confirmation of a move before adding...a move that will hold a break to the upside by end of the day. You don't want to hold a move like ANGN's yesterday where the break does not hold later in the day. Anyways, EPS season is here and extra cash to use is not a bad thing to have sitting around.  For those looking for intraday action...ACOR, NRPH provide plenty of squeeze for the day.     Charts updated for tomorrow.

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.

DJIM hold/ hit List #19

In most cases, stocks have continued retreating during the second last week of the year.   This is understandable given the kind of market we've been through.   For many people who are making their year end tax moves, the last couple weeks of the year is the time to get it done.   Both of the profit and losses needed to be realized and both will have to come in a way of selling.    So, a pullback in the indices may be the indication that people are just doing that.     We at DJIM here are doing just exactly that, taking a breath from this market and resting ourselves up for what could be a busy earning season.    Yup, earning season is almost upon us again and the coming quarter is considered to be typically the second strongest quarter of the year.

One thing we feel that we have to point out to our readers is that we DO NOT hold through earnings with our DJIM stocks.   Most of our plays are considered IBD type of earning momentum plays and the one very thing that can break them is THE earning.   During the past week, we've seen it with IAAC and MIKR.    So what happened if you get caught holding through, whether intentionally or accidentally, we think the best thing to do is to just move on.     There are just gonna be tons of new plays on the horizon and there's absolutely no reason to hold onto a broken pipe.     How about playing for a bounce, or 50 ema bounce, as some of you may ask?    We think it's better to leave the leftovers to those who actually enjoy them.   For us, playing with the best setups, and playing with the current plays are the only things that matter and from which we get the biggest rewards on.   As you can see, we have no problem coming up with new and exciting plays every week and even every day in a good market.      Our mentality and our approach to this market has always been that we let the plays "come to us" and the nature of this market is such that there'll always be new plays coming to us.    We just have to be there to catch them, early.     So digging up old beat-up plays, leftover plays, and other "left for dead" kind of plays, are not worth our time, effort and capital.     This is the very reason that got us to this point and why this site exists.

In the past week, we had some wild action from ESCL and some steady action from OPTM, FSYS, ZOLL, GLDN, POWL, ROS....   Even though some of those gains did not hold till the end of the week,  it's just down right silly not to take advantage of some of the intraday gains.   Think about where you have started trading them and where they had been during the week and how long it took for those gains to realize.     To cap the week off, we had a super strong close off a Chinese IPO FFHL and our second timely alert on it.   Most of us are probably excited to be back tomorrow just to trade FFHL.     In any case, FFHL may be the focal point for many traders for this shortened trading week.