Rational Behaviour..

We wish there's an easier way to explain market's action today.   Of course, if your account is under performing(in a relative sense) compare to the index, you are probably among the 99% of all traders out there.     What's really surprising us is not the reason why the index is up, but how it's been holding up in such a resilient way recently.      Here's a question, how would any of our stocks perform if the Dow is only up 50 pts and Naz up maybe just a few pts?   Our guess is that most of DJIM stocks would still end up closing where they did today.     Ok on to some stocks...

TRT, after 1 1/2 day of pullback, this one finally seemed to find its footing on its own.    Put it this way, one good rush can take out its old high.   This is a very low float stock and naturally the volatility comes in the same package whether you like it or not.   Give room to allow it to tilt either way but as long as the overall trend is up, you just have to act according to the overall theme.

RIMM, after a couple of days of consolidation, this one is finally moving on very healthy volume.    This one is more tied to the index than most of our small cap plays so it's prudent to track COMP while trading this one.

SYX, this one got a new closing high and is looking healthy.

possible setup for tomorrow  NGA IAAC ANGN CVLT

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

World Series..

If this market is a baseball world series, then DJIM stocks surely resemble the tigers, the mets.. etc.    Did we expect anything less from our stocks?  Nope! Lol    Ok joking aside, we are having one of the best days here since the inception of DJIM blog.   Just about every one of the stocks on our watchlist is doing a "hell ya"! 

TRT, our champ stock is delivering its promise today.   Now shouldn't people feel like loading it up on that last dip?  We are just glad that we did and it's paying off nicely.    Oh and don't forget, it never hurts to let some off the table.   We at DJIM let go some of our trading position to stay disciplined.

AZZ, it just doesn't take very long for a stock with its kind of earning/float to break out.   We added some and hopefully it keeps up till the end. The flag we pointed out yesterday got some wind to the upside nicely.

NGA catching a sympathy ride too.

SYX, as BT have pointed out, a big volume day may take this one out of a potential pullback.   So far it's on pace to get a big volume and we are trading it accordingly.

IAAC, textbook,   We added!. Yep, the refueling we discussed over the weekend gave it the go ahead to move on up.

CVLT, this one is also trying and we think if it gets a good close, it may get some legs.

ANGN, 10 dollar psychological mark is broken and we were adding on this potential break we discussed in DJIM #8.  The whole sector is basically on fire and no reason it should stop here.

Keep focused and trade accordingly to the action, this is about as good of a small cap action as you can get here.   We've said it not too long ago that this is where your most dedication, effort, energy, capital and focus are needed to make a good run out of this market.

RIMM- celebrating a little thanksgiving with us. A good one to fellow Canucks out there.

ACOR- we missed our AA meeting this weekend..ACOR Anonymous, but we sobered up quick this am and will wait it out now.