all is well....

That's what most people wanted to feel today probably.   The truth is, we are still working off the ugly damage from couple of weeks ago.    In this case, churning is good and more up days and less down days within a contained range make a good setup for future rally down the road.   Meanwhile, when the index is churning away, we ought to be catching some opportunities and keeping an alerted stance at the same time.    Today.. definitely feels like one of those relaxed days and we welcome that change of pace.   Some stocks we are following...

DXPE,  yes it made it back onto the IBD100 list and this one has had a history of being on and off the infamous list.    Is this a big deal anymore?   We think it's not nearly as big of a deal as it once was couple of years ago.   In fact, the IBD play has toned down so much over the time that we find alot of better plays that aren't IBD associated these days.    The float is one thing that keeps DXPE interesting and as long as there's interest in this one, we are willing to stay in and trade it on the long side, aggressively.

HDNG, why this one still isn't on the IBD100 list while some other "crap" got on is still a mystery to us.    Well, IBD or not, the action still looks very healthy and it notched another high today.

FSLR TSL ASTI, a firm had negative comments on the sector premarket and therefore these names under performed the market.  ASTI has its own issues to get over, the private placement price.  FSLR got a lift from the IBD article and it feels like a less volatile bet at this moment.    We are keeping our eyes closely on these and will re-enter when they gain some momentum to the upside again.

CYNO/ JSDA, both stocks gapped at the open off the positive market and held the gap till the close. We sold off some of the CYNO move, the JSDA we weren't holding.  We'll keep an eye on both for another try.

VIP/ ROS,  it seems that some stocks just won't go away and these pair notched a new closing high today off pretty good volumes.    Yes these are foreign stocks that can be volatile at times.    However, when the momentum clearly shows one direction, this type of move can be very rewarding as well.  If you didn't get in or trade them today, we'd pay attention to the charts as these Russian telcos made not the prettiest of candles giving up quite a bit off the top.  This included MBT, to a lesser degree GLDN.  Be patient for indication this move is real now.

Overall, we feel that market is doing a pretty good job of working out of its corrective phase.   At this point, nobody can say for sure how long this corrective phase will last.    One thing is for sure though is that there's still tons of cash on the sideline and ppl won't hesitate twice to jump into a hot sector, story stock, or a general market rally.    We'll just have to make sure that we get in at the right time to get our money's worth.