Hump day..

Unfortunately, there isn't much to get over on hump day Wednesday following these last two days, which might be a good thing!. Considering the market has done little but trade in a tight range following the gap up, this lull might be more positive than anything else.  Still this market is driven now by the slightest news, so what might look positive can change in a flash.  Tomorrow is an important transport  FDX earning that might move things one way or another.  In the meantime, we'll continue to look at for the next new mover or the next move in an already played DJIM stock as in a couple today...

CMED, this one can catch the momo as seen this morning and this possibility is one reason we entered yesterday..playing off its history. Now that the stock has come down from its lofty heights following its IPO date in 2005, it might be ready for another leg up off its latest earning. Today's early morning spike to 32.98 might be due to a brokerage call on it and there might be more to follow. By adding another product line recently, it's growth is likely to keep ticking. As we said in our initial alert, its trading can be erratic. The good thing about that is it provides new buying opportunities.

AIRT, the good part of a slow moving market is it gives you time to lurk around some plays in more detail. Today we spotted a potential 'nibble' to be at around $10.50 that materialized into a move over $11. As other recent plays that are comparable to AIRT dry out,  we might get more traders coming to this fresh play. Today's chart might catch an eye or two as well now.

RCCC, last night we touched on RCCC as a potential trade to watch today. If you had it close on hand, maybe you were able to get something out of the nearly 4pt rebound.  When a stock climbs like RCCC from say $15 to over $40 in a few months sooner than later you get a biggie breakdown. They are inevitable and the same probably is the case for KMGB late in the day...

KMGB, and on the 15th of trading day following earnings it fell through the chimney and stomped its butt on the 9ema!. There was nothing we could see for the drop other the inevitable drop after 15 or so days of solid gains, especially for a low float winner.  We dont consider this play over at all and took this as an opportunity to get some back.  It might fall more tomorrow even if there is nothing of news substance, but like RCCC did today...we expect this to move back up.  We'll most likely start building up a position back up as the dust settles or see buying come in.  This sector is not going to fade off into the distance, today it was the #1 performer for most of the day and it will be again and again. We'd be more careful with TNH now.

CUB, continues on and today it was an extension of a big contract. Now nearly 50% since we alerted, we can say it has been recognized as a defense play as we noted it would sooner than later.

SDTH, it just feels its not far away from another leg up. With China cheapies getting play today, don't be surprised if it swings to here if the mania continues into tomorrow.

Also TBSI is back as one to possibly move into as it made a NCH today. ESEA is around as well.