What can we learn from today?

...or what can we learn from the past few days?   We are learning that we can not draw any definitive conclusion about this market.    It just looks like it doesn't take much to push this market into either direction.    The giant point swing is a mere exaggeration of the uncertain status this market is currently in.   Unfortunately, all these volatility isn't creating that many tradable opportunities for most of us.     What we look for here are the plays that can sustain an upward movement for a number of days or enough of a percentage run that make the risk/reward worth while.    So once again, we are just going to take some plays as is and not to extrapolate anything from their movement today.  

here are some notables..

TNH, chemical plays are hot and given a favourable market condition, they tend to out shine most others.    Ok, so we know this is like the beta play when it comes to following the index.   This one can trade very volatile intraday, point wise and you can find a lot of resemblance if you compare to the indices.    Bottom line, this one made a NCH and it's ready to challenge that magical triple digit mark.    Trade this wild one if you can but full attention is required to make the best out of it.  TRA got a buy rating today from Matrix and that got it rolling.  Do take note of the mass defection at $100 once, we tried the other day getting to $99.75 and you could see some shaky nerves at work.

KMGB, it feels like this little one is following TNH and it popped up during last half an hour on a big volume surge.   Momentum is very much alive with this one and we have no choice but to follow through some with this one.

KHDH, this one broke out on a long consolidation base . We added and will be watching this one closely to see if it can muster some extra follow through to give us potentially more over $60.  This has been one steady player since we introduced last earning.

CUB RCCC VSNT,  sure, there seem to be a lot of popular heroes out there today but these three just keep on moving up quietly in their own way.  All three made a NCH.   We are trying our best not to let our eyes off these ones because next thing you know, they are up 10%.   In this market, if you can find something that can get you 10% with a relative low risk within a few days, you'd be considered a champ.

Like we said this weekend....  "If this was a sign of volatility for the summer of 100+/-30+/- pts days, we'd prefer it to the laziness we often start to see at this time of the year".  Opportunities abound with volatility.  Does get funny though when NGA runs on 2 day old information. That's why it's not exactly our favorite environment but it beats the summer lull.