Complacency...

This market definitely feels like there's high level of complacency built in.   We kicked off the week with a hostile bid offer from AA for the good ole Canadian Alcan.   A potential deal like this always spurs activity in the sector and we are seeing the spill over effect into a few stocks.   This and other M&A activity is definitely good news for overall market.   What this means is that since market has been getting constant flow of fresh bullish catalysts, participants are willing to throw money into other secondary plays.   This, in turn, props our index higher and makes every trader feeling positive and optimistic, and willing to commit capital.

SYNL, technically, this one looks really good given the volume + price action today.   For those that may not know, today's action is the result of Louis Navaliier recommendation, so we heard.    The last L.N. play we touched was UIC which was actually quite a while ago.   However, it did give us more than a dozen points added on.   How do we play this then?  Well, we are willing to give this one some room to move so we'd be looking for continuation of strong volume in order for us to continue the ride. This is no different than a Briefingcom profile, a Cramer blurb that picks up on a DJIM stock long ago discovered.  We'll take it all and have an advantage of already cashing in once or twice and knowing the trading habits of the equity in question.

FSLR, perhaps the easiest points, or the safest points, have already given to us by the end of today.    What does it mean then?   We think once the earning fever dies down with this one, it may trade back to the old form again.   We are keeping a close eye on this one and especially on the volume.  Still this report is more optimistic than the last and might make FSLR a better long term bet for new money.

NGA, this one needs a pullback badly, we think.   Why?   The stock looks more tired each day compare to the previous one.    We don't think the run-up is far from over and we are here to buy the dip aggressively.   De ja vu!     We have probably pointed this approach out many times before.  For an EPS momentum stock,  the FIRST pullback should always be aggressively bought.   This to us is not a wait and see play at this point.   We are simply trusting our own experience and instinct to play aggressively on this one.   We like this one a lot.

VOXW, just last night we said not to lose sight of this one. Today's range almost 2 points or 30%.  Volume was higher than the last weeks big day, so some money is discovering the run-up potential in this name.

Some other notable plays we like today include VDSI TNH SCHN and BTJ and these aren't strange stocks to DJIM.   At this point, we are just curious to see how broadly this market can participate so we can find diversified opportunities to trade. Since capital preservation is key here, not meaning doing nothing but rather taking profits when we get a nice ride.   Today, we were glad to have our capital securely away from DNDN, IDSA.