Naz +49.9, Dow +283

Perhaps, there's really no need to write the journal tonight.    Again, as we said last night, we are excited over other people's excitement for this earnings quarter. Also..from weekend chart update.." Since, we have seen the market rally into the upcoming earnings season led by technology..the PHLX Semiconductor sector closed at a 52wk high to close off the week.  The HANG is taking over eyes and money from the SHANG and the day to day volatility in the latter seems to have little less effect on the markets here. That's a relief.  The HANG/HSI chart shows a clear breakout over 21,000 after a long fight (6 mths) with that level.  With a good start to earnings season, M&A activity still showing robustness, we don't doubt the markets can pull a move somewhat similar to HANG's after the DJIA/SPX bust through the 3 mth range over 13700 and 1540 respectively".      How's that for a start today!. Actually, today is that seemingly rolled into one day.  Despite the overall very bullish sentiment of this market, we want to quickly point out that people are only optimistic about the market as long as the earning delivers.    So far, we haven't had many companies to report but it feels like people are playing as if most companies are going to beat earnings expectation.    If this is how people think and at the same time the put the money where their thinking is, so be it.    For us, we still stick to our own game plan and concentrate on those that have reported good report.      A strong market will reward all kinds of traders, whether you are speculating blindly or working with a sound strategy.     Everyone makes money in this market!   

Now onto some of the DJIM plays...

LPHI, oh yes, this one is ready to challenge the old high.    We like where it ended up today and couldn't help but add some more.

DRYS/TBSI,  DRYS has just been a monster as of late.   The 7% gain today in addition to yesterday's gain is something that amazes us even.  TBSI, on the other hand, isn't looking too bad either as it shook off the sell off two days ago and it too  looks like it's ready to challenge its old high. DRYS, an upgrade was up late in the pm.

ASYS, an erratic one it seems or one that gives many opportunities to enter a trader might think.

SOLARS......they are hanging in and probably didn't participate as a few of us would have liked. ...who cares, really..maybe they are waiting to do it on their own...Still..they are hanging in tough and maybe the firms are really getting involved (hope) as we noted the other night.

In fact many stocks hit new high`s today and we are not going to list all of them.   Some email us as to why we don`t include their fave stock in the Journal.  That`s not what the Journal purpose is!.   If we already covered the stock endlessly, it is almost irrelevant if it appears on radar again with a NCH today or yesterday.  It`s worth maybe a note by you on the forum, but it is not enough reason to write about if there are many things better that we are concentrating on.   We also move on from turtles...Sharks eat turtles for breakfast, lunch and dinner and you don`t want be carrying a laggard in this market, especially if this stock in question already gave you a few points off an alert.  

Whether we like it or not, this month looks like it's going to be busier than recent July`s.   If you were invested heavily today, then you had a good time as it didn't take much trading to make money if you were already in the right stocks....you could have sat on your hands and just rang the register..or you could do it tomorrow off any follow through action early.

A few things going on here on the forum the past few days that resemble Summer Camp...

Let's be courteous on the forum... if someone gets bruised.....we've all been there and no reminding is needed....they've given you enough leads on winners that this is not needed and respect should be shown.    Also, if one didn't or don't get enough love from their closest in life or trading life ....let's not use DJIM to wax our egos now or cry for love....Also, if you don't like our comments about a stock we responded about (speak up and we'll debate) and don't do it in round about ways.  It's so obvious, it ridiculous to all...Don't think we are bullying your stock.....just read our comments over again and stop filling other members email boxes with this stock is up $1 nonsense ...hell, it better be in this market off  'pretty' earnings.  We are all here together trying to make $$, screw the summer camp crap....we`re not about to be counselors.  We`ll just call your parents and have them take you away.    Demi