DJIM #12 2007

For the week, the indices consolidated and despite a reversal Friday there were a few new plays emerging. 'But'..considering we still don't have any indication of where the market will blow, the same strategy holds going into the trading week as we've discussed numerous times.  What you like to do is to hold stocks that are strong when the market turns like it did Friday.  We made a few buys Friday and for the most part they continued strong into the close.

DXPE, might have made it over the hump with its earning.  We've been following DXPE since its first earning surprise below $10 and it kind of feels like it might become a tradable play once again after a long stay in the house of boredom.  Reported .68 vs. 43c/ Rev 79mln vs. 55mln.  What we like is the sequential growth!.   After a couple of flat sequential Q's, this one proved DXPE has some growth left in its tank and that's what you want if you hope momo traders will start looking at it again.  Anyways, it's good to see there might be another play besides BTJ in this sector that fits into DJIM's mold.

HNSN was a nice quick pickup for those buying, not shorting in the $19's for a quick and furious run to over $21 mid day. This is a medical device player that we've traded before and it seems to be picking up some noise again.  This was a perfect example of a stock wanting new highs.  The nice open and then the pullback where you can load up as it starts to move back up.  That's what we did adding to the starter position and blowing past the initial highs.  Patience.  We've kept some but are not wasting 10% trades without taking them profits on the trading position we acquired during the move.  Oh yeah...Seems Cramer thinks its the next ISRG..lol

GLDN , we noted Thursday night to keep it up there on your trading list despite a cool first day on earnings.  It pulled off a 5+% move, one of the best on the day and now sits over 9ema.  What impressed us was the volume, end of day it had volume it had not seen since being a DJIM pick up in the $30'S.  We'll see if this means more upside soon enough.

AFAM, our little pick up recently made a quiet debut on IBD #77.

Solar plays will be interesting to watch this week after gettin' a beatin' Friday after some broker comments.  We'd still look to FSLR, especially after IBD's profile this weekend.  Remember, we mentioned CYNO last weekend as an IBD play and the follow up big day Monday.  We think this is a little different as FSLR falls in with many names , while a CYNO was less known and not really thrown in with other names in its sector, so it could move on its own.

For other plays we are following/ or trading, see Thursdays Journal.  Most of those names including HDNG held up pretty good. Some other notables are in charts like NVTL, which just keeps ticking slowly along.