...Viva Las Vegas...

.."All you need is a strong heart and a nerve of steel" ...How'd Elvis know that's what you need to play this dog days of summer game in late August?.   It's simply a game gone awry with attendance hovering below average and so with little volume, the movements are exaggerated in both directions.   This played in to our game plan for today, rest of week, we felt it was overdone yesterday and with a little intervention it was possible to see your holds shoot back up.  After the street suffered its worst day of losses in about 3 weeks, it was the same banking sec leading the way after starting the shakedown yesterday.  Only this time we had the energy/ semi kicking it up as well.   If you got these 3 sec's going, you got yourself the beginning of a nice move.  A move that was aggravated to the upside by a little intervention as whispers of Bernanke bark from early in the week hit the wires around 2:30pm....."act as needed" ... Ah timing, how sweet it was.  We thought we'd rebound, but the thinking was it would be leading into Bernanke address Friday that many are pushing.  We think it's a false push as Bernanke will avoid the juicy stuff and the market might not re-act so nicely as many are being given false hope something will be revealed.  There's a time and place and this shouldn't be it.

As for individual stocks...the snap backs mentioned last night continued and ones we noted hanging tough before being sliced and diced late in the day yesterday were the ones leading the way...

DRYS, with the BDI making new highs yesterday, it was almost silly to watch it slide yesterday . But..then again, this is DRYS and these moves are nothing new.  Today it pumped up 8% and finds itself at highs.  Will it hold this time?. 

GLDN, this is about 10 points since the 15th when we started covering it again after it signed a deal with McDonalds in Russia.  It's closed just under a NCH and with VIP, MBT reporting soon, we think it could go higher if these Russian buddies report well.  The dates are in the earnings link.  There is still a few days to those reports, so we'd watch this top area that has been touched a few times in recent history for now.

ISRG, finally!..after banging its head in the $212 area for like 5 or 6 consecutive days, it finally pushed through end of July high close. Any other time of the year, we'd say the volume was not convincing for a breakout.  But, considering its late August and dry everywhere this might be enough to push it further.

WX, continued its bounce of 9ema area early on, but the move never materialized further when the market kicked in.  One other disappointment was the action in VMW considering the technology sec was grooving and it opened $72's..  Sometimes the popular kids just don't go to these lame summer parties.  We think these got their own game going and today they just let others play after partying for days!

LDK, yes, we watched the FSLR, JASO % moves, but the one that stands out to us is LDK here.  If any of these solars should have moved the most, it was LDK as it got another 500mln supply gig.  The others just had recovery bounces.  The LDK chart looks best out of these and that's what we're going with into tomorrow's trading day.

A few other names familiar names we're trading into tomorrow are CRNT, PCR as they sit 9ema area.

Last  night, we said despite the beating, most DJIM plays were above the 9ema and therefore in play.  We saw that potential play today and now it is better as many are near or at highs.  If the market has room to go higher, this where we want to be...stocks making NCH's