Preserving the gains......DJIM style

Even though this market seems like it's going up forever, we still have to remember the good habits of being a disciplined trader.   Some stocks, are simply overextended, whether you like it or not.   We are not saying to get rid all of our shares and wait for a nasty pullback.   What we have been doing is paring back our position sizes as the stock goes higher.    This is simply a good habit because you are constantly in a good flow of things.    Going all in into a position and going all out all at one shot would not smooth out the trading results.   In fact, it's just more stressful when you trying to nail the bottom or top with a one shot deal.     In a rising market, it pays to buy stocks on a 9 ema pullback.    But more often than not, a strong stock will simply not pull back to the 9 ema level.   What can we do then?   We buy break outs!   Anytime a stock takes out the previous high, there's a good chance a rush of buying and new money would follow through, and it works extremely well in a rising market.   This is why we are putting up alerts of this nature of DJIM stocks as they come to this stage.  How about the EDU, GMKT, TWLL just the past few days!  Come to think of it, we are probably responsible for many new 52 week highs in the past. ;)    Here we go...

ZOLL, we can conclude that this stock is being discovered.    Well, many of you have probably known this stock for a long time but we are sure not many expected this kind of reaction from its report today.    Valuation was way cheap for this stock at the beginning of the day, and what follows is traders bidding up on a good report in a very forgiving and generous market environment.    We can guarantee that if this happened in July, it'd probably go up no more than a couple of points.

EXLS, this is an IPO that came out with what we considered as very good earning.   Again, this stock is in play as of today and many traders will have it on their list as the top candidate.    The trend, of course, is to the upside. We didn't write a novel with morning goggles on for something we didn't consider a good bet. With it we provide the thinking behind of what could and what could not happen. You need to cover all the angles and we try to show our thought process.

GMKT,  just last night we said ...keep cool, think of buying the dips....ok Briefing, we know that you can pump a stock.   This sort of thing happens way too often and it's almost expected after we get into a sexy play.   Coincidence?   We'll just have to think of it as that way for now. lol

GROW, we hope most have taken a nice chunk of gains out of this one today or yesterday.   Is it topping out?  Who knows and who really cares at this point?  After all, we made the most out of the 31% gain in less than a week.    Trade this one with caution and there's always plenty of fish to catch in a market like this.

There are definitely lots of other stocks that are looking good today and we are not going to get into specifics with each one.   The bottom line is, we are taking the opportunities to take some gains off some of the huge winners and paring back some position size.   We are still very optimistic about the trading opportunities and the overall mood of the market.   New plays are popping up everyday and we are not slacking off just because we've done well recently.    Keep focused and disciplined, all the effort we put into trading these days will be well worth it when a bad market does eventually roll around.

Cheers'

DJIM hold/ hit list #14

Up until this point, we have to say that we got more than we bargained for during the last few weeks.    Market has been extremely good and we had no shortage of good runners and a few super runners.   A quick glance at BT's charts, DJIM list#13 from last weekend and you see what a week DJIM had.  We introduced some new blood at the open during the week, EXLS, ZOLL to go with the GMKT, EDU, DLB, GROW, EFUT, AAON, ATNI already on the DJIM list from last weekend. These days are the reason why we trade, this is also why we have no problems going 100% cash when our gut tell us to.  Animal instincts, pile a stash for the harsh weather.  Some of these DJIM stocks definitely need to consolidate but new opportunities are popping up left and right,  so it's best we/ you do not have your cash wrapped in something not participating or moving. Thanksgiving trading week could add some fuel to the fire, this is why we've kept the charts of EFUT, CAAS up for more trading opp's...maybe this is the week...You see when the gnomes leave for turkey, the retail kids like to take charge of the house on a few names and run them up...basically taking a turkey and stuffing it with MOMO for a day or two.   A good chance is the theme of the C-team, China stocks continuing on.  Many of them provide a nice float to move.  You spend lots of time trading and learning and going through countless emotional roller coaster throughout years of dealing with this market.   Thankfully, a month like this would make all the hard work you've done in the past seem worthwhile.      We are going to highlight just a few stocks that stood out going into the weekend concentrating on the Asian theme.

JST, we played this stock a while ago and someone lit a rocket boost behind it on Friday.    Is this all because of the asian theme?  We definitely think so to go with the earning thrown in.    What may added fuel to JST is the IBD rating and it's not a total surprise to see it show up on IBD 100 this weekend, #73.  Unlike the other IBD plays floating around in the last few weeks, MEK BTJ ALY,  we think JST may have some more momentum to go.   Why?   JST is not oil dependent, and it's in a sexy region!  This is something we pointed out Monday, a look from the oils to China stocks, well now its spread to Japan a bit.  But most importantly from the trading perspective, it's being discovered by momentum crown based on its volume on Friday.    Ok, so momentum doesn't go up one day and die down the next day and we definitely don't think JST is one of those one day wonder either.    How are we gonna play this one?   The bias is definitely on long side and we will be trading it aggressively. We are also seeing a trade around CHDX and BIDU, primarily we are interested in the CHDX action.

MR, if the earning reaction isn't exactly explosive, then we can say that we are glad that the earning thing is over.    MR went up on its own Friday and had a NCHigh after being mentioned early in DJIM Alerts.  We like this one very much and added on its advance. Again...why hold a stock into earnings, better to have free cash and possibly dig up a EXLS the same day. You can always buy the MR back, we've been doing it since introducing it late September at 16.40. It was a frustrating stock at times but now up 30%.... it's all forgotten with the possibility of more on the horizon!

GMKT, hit $25+ Friday after getting a DJIM headline November 9th has provided many opp's to enter in the 19's-20 since. Late last week buying the dips was a buying opportunity as well.  The stocks price and daily volume keep riding the tide... higher.

TRT, this might as well be a foreign stock as it does the majority of its business in Asia. The stock has been in a tight range since exploding off earnings with DJIM in tow from the $12's. The thin market might be the right recipe for another leg up this week. Although a quick dip to the 9ema is a possibility with TRT, a  potential buy point again. The other choice is to buy a confirmed breakout which is not far off either. Volume is key here, both ways. You want it slow and easy to the 9ema, you want it hard and fast into the high.

Thanksgiving week...

Traditionally, this has always been a good week for traders.   With a shortened trading week and many people left for holiday, there's really not a lot of action going on, unless of course you knew which buttons to push.    This has always been traditionally a good week for small caps.   Less trading volume means the retail traders can push some thinly traded or low float plays around.    Well, we think there's not so much of a difference between a retail trader or an institutional trader anymore.  You can either be a professional retail trader or an amateur institutional trader.  Either way, we all balance each other out in the heat of the action.      Today we had some consolidation among some of the runners from last week and we also had some new breakouts and follow through from some plays as well.    It's never a dull day in November's as we say.    Here are some highlights...,  it's definitely one of our favourite stocks today as basically the whole Chinese theme is just getting more momentum one play after another.   This one definitely broke out today and we added a few to anticipate some further upside. This one was a DJIM alert mention as a watch off earnings last week and again today.

GROW, talk about a stock that just wouldn't give up any gains.   Once the traders figured it wouldn't go down, the natural instinct is to bid it up, without hesitation.

EFUT, what a late day run it had.   If you are quick enough, then you'd probably caught a couple of points off this already.  It's interesting to see how this one plays out tomorrow, but the probability is high that it'll have a run some point over the next few days.    Again, this play has absolutely nothing to do with fundamentals, purely demand vs. supply,  traders against traders kind of deal.   We pointed EFUT out last night as a trademark play for this week.

EXLS, we are using the opportunity today to add back some on weakness.   We feel that it's a matter of time this one gets some good action going forward.

ZOLL made a move to last weeks highs before retreating...hey its TKG week and you can get nice advances on average volume all over the place.

RIMM, the big firms are trying to outdo each other. Last week, it was UBS with a $160, today it was MLynch with a $165 target.

TRT, If this was a reco. before the open and if you bought the reco. you really have to question the timing and if you're being toyed with .  Unfortunately the same that chase ruin the day. This was the case here as TRT ran out of gas.

What's so odd about this week is that we are actually coming into this week with some huge gains off this market... it really makes this week kind of unimportant in a way.   But of course, there are always those who haven't made most out this market last couple of months and are dying to make it up somehow this week!

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.

-40 or -50 on Naz

That's the question for the day.    Ok so as we said last night, taking profits as the stocks go up is not a necessity, but a must habit if you want to maximize and smooth out your tradingt.     We have been further reducing some exposure today, in an accelerated pace that is.   Could today be the beginning of something?   It's always possible and we are taking a cautionary stand at this point.    You just couldn't help but to feel that we have had it too good and too easy so far.    Going forward will be very very seletive and with smaller sizes for us.   We'd try to stay on top of things and do according to the action.

Right now it's all about protecting your profit.

cheers,

Caution in the air, or is it just us?

We suppose if we are not going to be cautious with a -54 Naz day, then when will we ever be cautious?    There's really not much to digest today other than what appears to be a devastating index loss.    The individual action, though seemingly not that bad makes us feel that it may be just a matter of time before the negativity spills over to the small cap side.

It's a fact that we've had a tremendous run since Sept. and we really haven't had a meaningful pull back.   We thought we'd get one near the end of October but that quickly proved to be NOT the case.     Is this the beginning of a trend reversal, was this the crack?.   We don't know and at this point, we'd give it some heavy weighting toward this thesis because of the long rally we just had.    Similarly last year, December was merely so so and there was a lot of backfilling type of choppy trading action.      For this markets sake, we feel that it's really better for it to go into some meaningful and sustained consolidation mode.     It means that this market will be choppy, which in turn means that there'll be lots of +20 and -20 pts moves.    What this also means that many small caps, especially the type we trade,  may end up being the casualties of the markets choppiness.      At this point, we don't know how some of the DJIM stocks are going to hold out but in this business, no matter how much you like a company, seeing is believing and action speaks louder than words.    We will be very selective on our plays and setups and define our entry/exit much more tightly until either the market stabilizes or it clearly reverses back up.

Of course, all these cautionary talk may prove to be an over reaction if Naz pulls +100 pt in the next couple of weeks.    Until that happens, we are going stick to our game, and do what our experience tells us to do.    That is to sit tight with lots of cash and play selective and small.

cheers, 

..A few good things about cash

One is sitting in it and the other is spending it...same goes for your trading dollar profits, you can sit in it after you worked your butt off, stressed your mind and finally earned it and/ or you can go window shopping and selectively, wisely spend some.  There's always something new come earnings season....last week it was in the JCG window, today REXI came out with a flyer on its earnings. Despite the morning beating of China stocks and tech names, REXI behaved well and we showed it in alerts mid $25's on about 15k volume.  Last night it reported .21 vs .04 on 86% increase in revenues.  The numbers over recent Q's is hard to figure but the reaction this morning showed it was a go.  The chart helped the decision process, as did the thinking Asset management co's have been in favor as seen here with GROW, IAAC.  The stock got some air and hit a intraday high in the mid $27's before closing off just under $27.  One thing we are doing now, since this is a full time gig for us ....is look for fast and liquid movers. The reason is simple...instead of being trapped in a thin stock with a oversized position, a liquid stock provides easy quick exits!.  We are still going with the cautionary flag, so this short term trading opportunity is what we will attempt to catch for now.  Two stocks provided this late in the afternoon as the market improved...DIVX, FMCN. These are not just any stocks getting the groove on, these are earnings plays fitting to DJIM, plus they fall into our trading methodology or is it madness of buying stocks as they move to NCH's.  We don't shy away from this and we wouldn't today.  Adding, buying late in the day is nothing new for us.  Even if you caught the alert note and jumped on it ......around a $1 on each was had for a flip at the close in 30 minutes.  If you held, you could have more or less tomorrow.  Whatever floats your boat!.  FMCN was actually placed on our screens in the morning but it was taken down to $65 with the rest of the China stocks. The reason we were looking at FMCN is WRH came out with a $85 buy target.  All it took was the market to go green for this to become relevant plus a kick off the 9ema.   At about the same time DIVX began to show life, more life than any other tech names as it reversed strongly.  We didn't care to know what the excitement was, we just had the 52 week high in sight and a curiosity as what it would do with it after it took out yesterdays high... Well...the 52 wk high $29.72 was history pretty soon and a NCH of $31.36 at 4pm.  At this point we are trading these, simply this means we could trade this into any morning strength or a weak market or hold longer.  We're not showing any love right now and will trade according to the action we see.

From Russia with Love...

We started the day with a very optimistic tone and we definitely finished it with the exact same tone.    So basically, the cautionary stance we took a couple of days ago is a little bit lessened.    However, just because the index is finishing solidly green, it doesn't mean that we are going back gun ho and buy back all of the DJIM stocks back off our watch list.      Still,  it's a game where you only get rewarded from the best action going forward, not from the past.    Momentum stocks provided us with some solid gains yesterday such as FMCN DIVX late day runs, today we had some other DJIM stocks such as ATNI IAAC SNCR MR EDU... providing sparks.    On top of everything,  every one of the Russia based telco stocks caught fire today, notably MBT GLDN VIP ROS.    These were the primary trading targets but if you were recycling DJIM names, you too had a good day!

DJ Traders Market hours Alerts in DJIM Alerts

'[Demi]' posts » MBT, russian telecom out with excellent earnings, also possible overflow to others such as VIP-GLDN, which was raised to buy and a 50 tgt from 37 by an overseas bank yesterday.

To cap the day, we definitely had a couple of wild small caps and the one we chose to play is RNIN.   RNIN is getting some buzz b/c of its close similarity to FMCN and the fact it's an IPO, it gets played with some serious momentum.     It's not easy to keep the gains for a 5 buck stock, even though the float is small.   It definitely had its share of volatility today, but the end result is a close near the high of the day with volume surging toward the last half hour of the day.     While this normally signals another good day to come, it's never guaranteed that it can happen and this play is definitely on the more speculative side.    And last, oil service group had a very decent day.  Recent DJIM stocks such as ALY BTJ GDP PVA... all seem to have broken out.    We'd say choose your play wisely and pay very close attention to the overall sentiment in the group.    One little hiccup in the sector and we are simply outta there.     

That -54 Naz day is still lingering around our memory.   It can not be easily forgotten and the way we've been trading last couple of days fully reflect that.     We have been playing with smaller sizes and only playing with those we think that exhibit the best momentum, today it was the idea of a wild fire spreading from MBT earning. It was a hunch in DJIM Alerts premarket and paid off handsomely with NCH's big dig days from the Russian stocks.

cheers,   

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.

What's happening out there...

is exactly what we have been fearing the last couple of days.    The Naz is knocking  toward the low it hit a couple of days ago.   It's happening on a Friday and we are very uneasy over the action out there.      If the index closes at or near the low today, we feel that Mondy will not be pretty and that may set the tone for the rest of the week.      We are obviously moving toward the cash mode and definitely don't want to be bogged down this weekend on any concerns for next week.

be careful out there....

DJIM hold/hit list #16.....Greed vs. Fear

From the action we had last week, we think you can pretty much wrap the extreme side of those two emotions into five days of trading.    We started the week with -54 on Naz and ended the week with -18.    It could've been worse, we have to admit.    With the choppiness we'd seen last few days, could this mean the top is near?    It's definitely possible, and more likely so than the action lets say two or three weeks ago.     What it meant for us is to raise our caution up significantly.     How we approach this kind of choppiness is simply by reducing our sizes in each play and reduce the number of plays accordingly.    Unless we are confident that we can get something out of a play, chances are, we are going to be passing on a lot of plays.     At this point in our trading career, there's really no point to trade competitively in a tough market.   What we wanted to do is to trade competitively only in an easy market, and making easy plays... this includes finding new plays sandwiched between bad days such as the Russian telcos feeding on earnings... VIP and MBT. These definitely have more institutional action and should have less volatility going forward than the typical DJIM stock.

On Friday, there were only a couple of plays that stood out...one we mentioned in DJIM alerts and that was a few China stocks working again in a bad early market....MR, EDU......later even EFUT showed some life, probably more short covering than anything else going into the weekend and a tick off the 9-14ema levels.

MR, we had a feeling that people would try every Friday thinking that it'd made it to IBD100.   This week, MR did make it to IBD100 at #9.    This definitely brings a whole new perspective to the stock in our opinion.     It definitely had the goods to climb even higher in IBD ranking. There was even some chatter of how great Mindray is by the NYSE in regards to the IPO market. Well..we and our readers already knew this;)...Sep26."also keep an eye on MR, an IPO today which is based in China and sells medical device.   It looks pretty sexy.".  This chatter and IBD should bring a few new eyes on MR and a nice open.

BTJ, maybe the whole oil service sector fared well on Friday, but this one definitely stood out from the rest.   It hit a new alltime high on Friday and that's definitely encouraging to see given the index action. Its DJIM sister ALY made a nice reversal later in the day.

Despite the -50 or so Nasdaq week, we found a few trends with a green probability. We will continue to be selective and seek out new trading opportunities, plus have an eye to recycle some DJIM plays when its time.

So all is well???

Maybe!    But one thing is for sure, it's definitely easier for us to start a topic today, as would for anybody who follows/trades this market.   So, we are not going to start with the obvious.     What we are going to do is to point out the things most people aren't looking at, and if you already knew by reading DJIM, then you probably wouldn't need to read further but if you're watching CNBC or chasing headlines at Briefingcom ...this is new to you.

It isn't exactly hard to make money today.    It's definitely a little bit more of a challenge to make the most out of the day's action, you simply are better off being in the right place, the DJIM hit'hold list is a perfect start if todays exploits are any indication.   What we noticed today is a carry over of our strong names from last week.    Particularly, the ones that really stood out in the crowd from last week were really off to a great start today.     There's definitely a theme going on, Chinese + Russian!    Throughout last week, some of the stocks from those two geographic regions held up really well, and during the last couple of days, capped with today's action, just simply took a lot of our breath away.      Here are some highlights....

GROW, ok, this one to us, probably needs a passport of its own.    Believe it or not, this one is shaping to be one of the best stocks this year.     How did we really miss this one at the 9 buck days?    We were trading back then but never had any vision to see this one going to this level, and possibly higher still.    Of course, we didn't make the most out of it, but we sure made a big chunk out of it since we caught the break in the $24's on DJIM as should everyone who has read DJIM from September 1st.     With an all time close today, it's really out of anyone's hands to know how high it will go from this point on.  If you missed DJIM Alerts today, you missed the majority of the move.

MR, steady as she goes.  It just seems it's getting a lot of positive things going for it.   And, it also seems  fair that we discovered it, loved it, and were pounding the table for it since 10 points ago.      This one sure doesn't have the kind of volatility of GROW or some of the others, but believe us, we have no problem trading 1000's lots at a time with this one either.    It's definitely been a sweet ride so far.     Despite its hefty percentage gain, we still like this one as one of our favourites.

MBT, VIP..all we can say is SPACEBA!!...Is there anything we missed since introducing this idea premarket last Wednesday?. probably not, but we can add that the early court action in VIP from 77 to 83+ today was spectacular..it was purely Sharapova!...okay back to trading, we keep seeing this over and over and that is a fear of buying these expensive stocks and instead looking for the $1 out of RNIN type, a under $10 stock. We pointed this out on DJIM when we bought RIMM at $99.00, we said look at it like its a $9.99 special...cause recently that special was worth almost $15.00 or $150!. Simply...some miss some great runs in expensive stocks and its a shame!..VIP has gone from 71 to almost 84 in 4 days...almost 20%, in cheapie terms from $7.10 to 8.30+... Finally, yes like all flyers these will have to slow down and consolidate some, sooner or later.

ZOLL, was today any surprise?, it was just a matter time and most of DJIM readers knew this from our $46 to $54 day run. Every stock needs to consolidate at one time or another, ZOLL did a great job holding $50 and was never really far from its highs for the past few weeks. Friday was a second touch of the 9ema as we had noted under the ZOLL chart yesterday, if today proved to be a good market day... the follow through should be greater than after the 1st touch.   Boom!!..if you blinked you might have missed the morning action, don't forget the float..the 46-54 day should have told you this ZOLLami can get hot and spicy really fast!

We pointed out the action early friday, EDU and HMIN were mentioned along with MR. Part of DJIM trading methodology's is recycling stocks we know are capable of more moves, you could search and search and won't find anything better than what  EDU introduced here at $20 has produced.. This one has legs!...It's on its 4th pair at DJIM, all the moves have been quite substantial and again EDU is not far off its highs. Going with the same idea as Friday, we threw out HMIN again on DJIM alerts at $31 for those that might have forgetten the idea...1,2...and HMIN was number 3 as it hit 32.70's. This one is still in the shadows, but we think the volatility, its trading ways might bring it more attention in the near future.

Jon/Demi

DJIM Market today...

Maybe it's not a good thing, but days like this we are completely oblivious to the market shenanigans.  It seems there is only one market today and that's a DJIM market. Supposedly...the market was resting today, probably got a little fat since Fridays run began.  This didn't stop many of the DJIM stocks, they just kept on rolling along...

GROW, lets not greedy folks!!..that's a 17% trip off the latest alert to the $60 top...Yes, we said top...as in a possible short term top. So, not to be greedy we were unwinding our position. We've left enough to call ourselves happy GROW investors and we won't be far away to load up again.

JST, this one said.. hey I have a passport too and joined the Asian stock run-up. This was simply a case of the chart catching up to the rest of the action in DJIM land.  If you stared long enough at BT's JST chart, you probably had the idea of a potential big break coming soon.

EDU and HMIN...these two looked like they had a bet as to who was going to get to highs first. These two have added on about 10% each since Friday, today EDU ended with a NCH.

We have been pulling some profits off as any good trader/investor should as they go along...especially if its a quick 10-15% here and there in just a few days...But..instead of sitting on it too long, we've been putting it back to work. Opportunities are presenting themselves every day..sometimes its earnings, sometimes its the look of a potential set up. Today, we added a small starter in a couple of familiar names in AXR and DLB (comments in DJIM alerts). Other strong stocks of interest today were also familiar names from around here..ALY  FTEK  BIDU  IAAC.