NDX..the market vs. DJIM

Since the MLK holiday, we have seen the NDX go from 1847 to a touch of 1771 today.   Despite this treacherous ride, the heavily followed DJIM stocks have shown not only resiliency but power to go forward.  This divergence with the market only escalated today with 7 DJIM names hitting a NCH and some even had higher highs intraday.  They include USAP CFF VNDA MTRX MBT VIP AMK.   If this was a public space we could probably find something to say on these tonight, but considering it's not...we won't bore you more and hopefully find you in a good mood following some of these recent moves.   If anything use tonight to read back the recent Journals, the alerts to see how this all came to be and the strategy involved in adding/subtracting these positions.   Also, if the market continues to slide, this divergence with DJIM stocks won't last forever and you should be prepared with an exit strategy.  A look over on the charts should help you create a line of support, every stock is different in respect to floats, volumes and should not be treated equally.  A CFF is not a VIP, a AMK is not a VNDA, so some need more flexibility than the other on your part.  The line of support could be a recent breakout price, to some it might be just leaving if the stock drops below the previous open, low or high.  It all depends on the individuals entry price, their time frame, how much they want to pocket etc.  Remember this is just the start of earning season and new opp's are coming up almost daily, so don't get a crush on a stock that turns on you or is lagging.  We've just started and a MTRX CCF USAP have already proved to be quality DJIM earning plays...there will be more!!. Anyways...just a few things

MTRX!!...finally!!...who came out with earning today, MTRX or BTJ?..lol.  Take away the gap in BTJ and MTRX was the better trade to add to today.  Guess BTJ EPS, the Oil spurt and MTRX getting to 17.30's area( see the 60min) all had the makings of the stars lining up for MTRX.  Considering, we've been complimenting this stocks strength through the massacre of the oils since its earnings...todays "interesting" point in alerts was a potential bust out in the making and a holder of MTRX should have been adding to their position once it was clear.  As far as BTJ, the earning is stellar and by sounds of it the growth is to continue in the next Q's...unfortunately the action was quite boring considering all the positives in this secl.  Our concentration turned to MTRX early and BTJ never really gave reason to add just yet.

The point of the alerts/ updates is to catch a potential move.  It could be the start of a hold or just a trade once in.  Lately..all the big moves have originated from that page...CFF USAP, VNDA and the Russian telcos, MBT,VIP yesterday.  The important thing to see in respect to these moves is in many of the moves buying on the next weakness has been very profitable.  So, it's not about the chase, wait for some confirmation, you need to see some momentum.    Also,  ROS, GLDN waited till today to get on MBT, VIP's back.

ENR, we added a bit today in the afternoon.  Prud added 6% to its eps estimate for '07 late in the day. Energizer beats by $0.20, beats on revs (ENR) 75.60 :Reports Q1 (Dec) earnings of $2.12 per share, $0.20 better than the Reuters Estimates consensus of $1.92; revenues rose 8.7% year/year to $959.2 mln vs the $921.4 mln consensus.  We've seen this bunny hop, so we're not worried about getting at these levels. 

CHDX,  just mentioned this one in the Journal last Tuesday as one to watch.  "CHDX, this one was in play a month or two ago and today it broke out apparently on good volume.   Keep an eye on this one for potential follow through or not, it's not the most consistent day to day performer".   Today, it had another big day. The question...can it do two positive days in a row without the usual give up.   We think this might be the start of some attention into ISRG's eps on Feb. 1st,  if ISRG continues to act as if a good report might be in the cards.

EBS,  hanging in nicely after a couple of big days.