Fed Day

This is one of those days where we wish we were institutions rather than retail investors.  Not!   Up until the Fed decision, the market seemed like it was stuck in mud.   There was hardly any action and most of the entertainment was provided by the special guest on the NYSE trading floor.   We had to double up on the amount of coffee we drink just to get to the 2:15 p.m. mark.   Then it felt like there's a jolt of energy injected into the market and everything becomes alive again.   You don't think the guest of honor would address Wall Street and then have FOMC ruin the day?.      Let's just say the stars were lined up ...Bush...Bernanke and not accidently.

Speaking of jolt, the Chinese market was rocked the night before and it's definitely spilling over to all of the flavours here in North America.   The familiar ones we cover all suffered to one degree or another.    However, we see little correlation between the market over there and the Chinese stocks trade here as most of them only trade on North American market.   Still, we prefer to see a trend change here.  We'll see soon enough if this is mere a distraction and provide people here some opportunities to add to the strong ones.

TGX, this one had the best follow through from all of the stocks yesterday.   Sometimes you just simply have to be surprised by the kind of stocks that are performing in your portfolio.

VARI, this is one of the earning play that obviously enjoyed the Fed day more than the others.  Action speaks louder than words and we added during its strong performance today.

CHRW, this is a new one we are throwing into watchlist as this is the rare earning reaction for a big(relative) co.   Volume is huge and stock finished near the high.  Whatever the institution is seeing in this thing, we think there's going to be more to come.

CNS, we think this one is finally ready after excellent earnings to move forward.  We picked some up near of end of day

ABM MFW, these two DJIM's just keep serving up excellent days.

CCF is turning slowly...as we said... patience these earnings are not going away.

The market got a late day upgrade,  if we are to continue this longer term uptrend there is no better place we'd rather be than in strong EPS stocks. 

SWIR, we added a few times AH, the earnings are quite good and considering SWIR was just 15+ getting a position in the high $15.60-80's is a treat.  Maybe we should listen to the CC to find out why this didn't trade higher, but instead we'll let the action in the morning dictate what we do.  We think we might see a 5++mln volume day on these numbers, if that happens the share price will be quite higher intraday.

Reports Q4 (Dec) earnings of $0.09 per share, $0.02 better than the Reuters Estimates consensus of $0.07; revenues rose 81.8% year/year to $68.3 mln vs the $66.3 mln consensus. Co issues upside guidance for Q1, sees EPS of $0.12 vs. $0.08 consensus; sees Q1 revs of $82 mln vs. $65.83 mln consensus. Co states. "Based on strong bookings, we have solid visibility on Q1 2007 revenue. This guidance also includes a sizeable increase in operating expenses related to new product launches and major trade show activity expected