Woodshed?

We won't go into macro stuff and evaluate the man's words.   We've never been about that and won't start today.  Better to maybe understand what you might have done wrong and why you didn't do something else, so you and your stock avoid a visit to the woodshed again.  The headlines hit around 10am and everything started to slide on the Nasdaq.  Bernanke squealed long and hard and Bartiromo, the Disco Queen wasn't pushing his buttons this time.  The excerpts, headlines ran like a riot act.  You could wait and see how it plays it out or you can start selling.  Last night, we mentioned sooner than later the market always catches up to something you hold that you think is invincible,  it could be a breakout while the market slides like HMIN yesterday or it could be like today where they start falling one by one as the day progresses.  We don't wait till someone taps us on the shoulder with a big sell order to set off our hold downwards.   We were quite hesitant in last nights Journal on our usual plays, probably got lucky to be pretty thin this morning, yet even if we were heavy into some names....we would have been doing the same and that is sell down fast to avoid any possibility of a bloodbath.   This means not only plays that are seeing red but ones that are green as it could only be a matter of time before the green is the next red.   What we remind ourselves is this is really week one of earnings and there will be new plays to use up the cash we are mostly sitting in now.   In the meantime... with care we look for a new play during the day.  USAP, mentioned last Q a few times on DJIM, produced another big Q and we took a small position.   MEND took a second stab at $22 this week and this time succeeded with a push to $23.   Nothing too exciting but not everything is a HOKU..lol.    So, if a visit to the woodshed was had,  it's probably because some greed played a part in your not taking profits recently, maybe as recently as this morning as the tide turned quick.  Nothing like a look back at a chart now and seeing that resistance that was right in your face you pretended was not there the last few days or the support you thought would hold because .....well, because you own the stock and it just can't break!....  Ah love! .   Stay light, stay small is what we're sticking to at the moment.   Maybe there will be a Friday morning EPS special to put some cash to work,  it's definitely not going IBM's way....If you got nicked, its best its only January 18th..plenty of time to turn it around!

DJIM #4, 2007

We can't block out all the noise, all the negative noise hitting the wires, the bobble heads on CNBC as its venom is in front of you on your screens...the abundance of red, 3 out of 4 days!.  But it is possible to turn off the excess, the actual stuff making the noise...click..it's off!!.   If you want to dwell on the macro, we can refer you to 1000 places that will discuss the possibilities till they and you are blue in the face.   It is so easy to get involved in the hype, even if it is reality in many respects and get a tad depressed and sit on your hands.    You could fall into this trap and sit ideal or you can jump a bubbly, new opportunity to make some mo'.    DJIM is ' stock picking',  it is not to evaluate a macro situation and decide to take a position in a stock that could be affected by the goings on 3 months from today and make you 10% down the road...Why should we wait 3 months, a year for a 10% gain when the possibility to make that much in a day or two is granted almost every day....This is especially true during earnings season!....No matter what the 'big boys'..INTC, IBM's are telling for the future....Small caps for the most part are only telling you what they did for the past 3 months with no outlook.  This gives us all of us an opportunity to collect points, here and now on the PAST..in most cases it's easy money as it tends to bring in momentum and an excellent trading environment.   But if you're shacked away, clinging to stocks stuck at the 'hub' with no immediate flight plan...well, then you are also missing opportunity after opportunity if you do not have excess cash to use.    Procrastination... is something best left in bed or on the potty in the morning,  if you're going to trade successfully.   The ability to differentiate between stocks and understanding what has the most potential to move out of the gate the fastest is so important in our and your success.   You have seen what momo can do recently...good and bad as in VOL.   If you do not recognize momo and jump in day 1 or 2 and procrastinate till day 4, you are left at the summit.  Bet there are more waiting for a move from these prices than ones who got in the first move of a max. of 12-13 points from DJIM time on it.   Basically, those admired the move from a distance so much that they think it can be replicated once they're ready days later.    Why let it slip through your fingers the first time and be left hoping for sloppy seconds!.  To a lesser extend, this holds true for a USAP and it's potential following earning last week.  Like CENX (if you want some aluminum in your diet),  if you want a steel play with a connection to Boeing etc there is not a better longer term hold in this sector.  They are a little volatile but also give a better bang for the buck.  Again, we are not here to make predictions on commodities or anything else...so we are here with the flow.  Right now, its a little positive.

USAP, you saw this stock here before most likely.  It had stellar earnings last Q and this Q beat all expectations handily even if you take the nickel pricing that added about 10c to the EPS.  The 97c was 80% growth and guidance is nothing to sneeze at either.  How to differentiate a stock and its potential for a fast move.  Compare a stock like VE with a 200mln float and USAP with a tidy 4.2mln and 80% instit ownership.  This smells like a possibility of a fast move and volatility, so if you want to the chance of a 3-4 5pt move, stop procrastinating if the signs are there...VOLUME is always one... Why not start with a starter like we did below $37 and then add as you see the momo come.   So, if you watched like many watched VOL, Monday might not be the best time to enter but on the other hand you might want to take advantage of the profit taking end of day and price decrease as a new start.   Again, we are not here to figure out and suggest if a pullback is sufficient for you to enter...our gig is to introduce you to a potential move and in this case tell you our entry.   Now is where you might want to use charts in your decision process.  Of course, we took some points off the table during the nice run, we all should heading into a weekend with a fast gift when its given.  There is nothing not to like here,  but it does not mean you don't take the points.  You're in the market to make money and nothing else.   We will follow closely to take back a full position.

VNDA, here was another opportunity in a stock we know from our own experience the power it can generate.  We know its bloodline, we know this can be that thoroughbred sprinter.  The history of a stock is simply the chart, so if you missed the DJIM run before... a quick glance at the chart and the previous 2 moves should have made you to put this on top of your trading list to watch after our mention of the funny biz in the 350k lot at highs(Wednesday), the snap back action to highs Thursday was another clue to something fishy, yet smelling good.    An offering at the highs of a stock is always positive, it is not the offering with no price that we are seeing from MR and EDU that make the investor apprehensive or even scared that it will be quite lower and also cause dilution.  In a up and coming biotech with at least 2 promising drugs,  dilution is the last thing on anyone's mind.  VNDA will have to partner with a major as they said again Friday, we feel  this should continue to keep the stock steady in anticipation of the inevitable event of a hook up with a major.   What has always been impressive about VNDA is its ability to hold gains after the initial big run.  The finish was strong as it pressed the days highs. We noted our intraday sell and the potential to pick it up back with a break of the days high.  We ran out of minutes to see if this occurs on Friday and will take it minute by minute Monday to see if we add back what we sold.  Remember, we fear the 'negative' news that might come overnight in a biotech,  so use caution and only sleep with what won't break you.  Look at it this way, you could have played VNDA 3-5 days so far and slept fine in between the big days.

What else for the week ahead?.

9EMA..you can make a list off the charts posted of the stocks below this short term support line.  Starting with the Chinese stocks like EDU MR and others like DLB and know what we have no interest in now.  No need to list them all.  Then look at those stepping above this point like the Russian telcos ROS VIP MBT to put back on your potential trading list. Just watchin now more closely.

OIL, really hate to turn to ALY, BTJ if need be, but they do still offer nice trade potential.  MTRX has been incredible through the massacre and considering we have held some through, we'd definitely like to see it move with any sector move.  This is the safer bet and one you can hold through the night.

ATNI was one of those HUB stocks as it did nothing but wait for a flight plan after the initial  BIG run!. It got grounded!. We discussed these tired plays may be a waste of cash at their recent high levels.  Well,  ATNI finally collapsed late last week, but might be a buy opportunity again at 50 day.  More than any other reason is ATNI made it to 2 publications as a 'top' small cap (motley and street.com), Friday.  Just a hunch, if the market is good.

MFW AMK MEND, 3 buys we have listed here on the Journal in 2007, have been steady performers yet do provide some swings and dips to buy before continuing back to highs.  We continue to hold small.. adding/subtracting as we go along depending on the trend.  Trying to catch a bigger move here.  CCOI is another that seems to have staying power, best to look at it again if it comes to highs as 9ema area is still a possibility here.    CCF, a one dollar move in a stock like this is .20 cents on another, so take that into consideration when dealing with thinsters and be prepared to stick it out if you buy these types.  The earnings are not going away, even though the buyers are not lining up last week.  Maybe a few will at the 9ema area.

VE, moved a $1 after our alert on a hunch it might move because of news relating the Suez. Seeing the float, you know this won't be a quick mover. If the news is not substantial and doesn't put the stock in a uptrend soon, we will release that starter position.  A break of $70 is what we would like to see, if it doesn't come soon...we'll say good-bye.

EBS, introducing this IPO to consider for a potential trade tomorrow or one to keep on radar for future events.  This is a recent IPO that is profitable for a biotech, it provides an anthrax vaccine contract for the stockpile .   It moved late Friday and we want to see if there's any follow through or any news.  The OS is 80% is controlled by one big head in the company.  There is not much left for you and us, so there is potential for more moves.  We could be at the beginning of a move, or we could be at the end of a short one.  If we take a starter position early and it turns against us, we won't let it go too far in the red before selling.   

Look at IPGP, as an example of what could be a 2 day run and the potential to get in too late as some did here in the 27's,  instead of buying the 25's and the potential break we spoke of before and after it started to move.

What can we learn from today?..

Basically, on a day like today, we have to identify clearly what's working and what's not working.    So lets start with what's working.    The two domestic stocks that stand out the most are the two that just reported great earnings.  Of course, we are referring to CCF and USAP.   In our opinion those two had the best earning report, so far in the earning season, among the small caps.   But then again, the earning season for small caps stretches a couple of months and we are pretty much still at the beginning of it.    So the point is that it still all comes down to earnings.   Plays that are great earning driven would have a much better chance to withstand the kind of market today.   Sometimes, as it's prove, they would even go as far as going the opposite direction of this market and shine.     So what else is working today?  DJIM Foreign stocks!    Yup, that's right, and we don't even have to point them out.     So what's not working then?   Just about everything else.     The market was quite the red, but if you have a screen of DJIM stocks...it was pretty green today.   What's good about today's action is that it's very easy and obvious to pick the good ones from the bad ones.    When you can easily identify the winning stocks, then you can choose the setup that you are most comfortable with, or perhaps the safest setup to enter for a trade or two.     Let's go over a few stocks here...

CCF,  we made it very clear on day one that we really like its earning report.  In fact, we think the combination of its earning and its market cap gives this play a valuation mismatch.    Of course, we think it should be worth a lot more than what's currently trading at.    Since we don't have a crystal ball, we still can not just rely and act on our beliefs alone but rather we have to focus more on the action.   The action of a stock behaviour has to confirm our belief before we can truly comfortably act it out the way we wanted.    Once we have identified such play, then it's up to your trading instinct to make the best out of it.    In this case, it's clear that we all should be adding last couple of days.    Last night, we noted the line up might form in 9 ema area, today it did with a nice volume stick.   With 2.33 million in float, we think it doesn't take many 80k to 90k volume "up" day to give this one a reasonable valuation.   The trend is definitely up and we are playing aggressively on any dips.     

USAP, this is another low floater which perhaps has a valuation mismatch.   Today's advance does not surprise us and we are also playing aggressively on the dip camp.    Keep in mind, no stocks go up forever and we are less inclined to chase in this weak market environment unless the stock is fresh out of a breakout.    What we meant is that compare USAP to CCF, USAP is a bit stretched at this point and we are sure there willl be opportunities to add at a good price.  The sell off Friday provided such this morning for many.  Well if it goes up another few points from this point without stopping, we won't be upset either with our current position.   The point is, no need to be greedy when the mkt is seemingly in a bad mood right now.

AMK, we alerted this one late in the day b/c we feel this one is setting up nicely.   With less than two week before the earning date, we feel this one has a chance to get a pre-earning run-up going.    We have seen what this stock is capable of and we are willing to give it a chase here.

IPGP, we've talked about this stock being discovered, today was the start you could say as the brokers came out with their initiations on it. Some big names behind this IPO, one of them MER gave a BUY rating as well.  We're still out but we are watching. 

DJIM #5 2007

Well, it's been a pretty decent earning week for us and opportunities were there to grab.    That is, if you didn't get distracted by the index action.    During the earning season,  it's rare for the market to pullback significantly since there are always funds/institutions waiting for their favourite stocks to report.   At the end of an earning season, however, things may be different as there aren't that many things to look forward to for another three months.   By then, interest rate talk, economic number and as well as the seasonality will be big factors dictating the market movement.  Still, there are small caps that periodically surprise with the timing of their releases, so it's almost earning season 12 months a year for us.     Well, that's how we've been viewing things.   

During the earning season, the only thing in our opinion that should be dominating your trade/watch list are the earning plays.    Basically keep an eye on those that have had good potential of releasing strong earning and keep a tag on those unfamiliar names that just reported strong earnings.   Pretty soon, your watchlist will expand from a couple of dozen to literally few dozen stocks.     Again, the point of having this kind of watchlist is to simply making trading decisions easy for you.   Basically, when you have a list full of strong earning stocks, it's just a matter of picking the ones with the best momentum, best charts, best float and best sector.   Fortunately, we are here to give everyone a heads up on what we think are the best so we can all be on the same page and trade the most out of those potential winners.

Here are some of the stocks of interest from past week....

HRBN, so why start off with this BB stock you ask?   Simply put, going toward the end of Friday, this one had the best momentum.    We alerted on the fact that it's going to be listed on Naz on Jan. 31th and given the quick glance of its fundamental and float, we thought it has a very good shot to make some good gains at $10.   Well, an hour later Briefing.com picked it up and we hope some of you have picked up in the low 10s.  We said the yahoo's could spread the story quickly, that's why we wanted to get this out to you first.    Volume on Friday is still a tiny 200k and given the fever Chinese stocks have been getting lately, we think this one is far from being discovered.   Float is 5 mill and co. is profitable for a few quarters in a row.    Not much else you can ask for.    We think it should get some more upside action before and after the Nasdaq listing.

USAP, buy the dips!   This strategy works the best with strong earning play.   If you missed the first run from 39 to 43, getting in at the low 40 is not a bad thing.   We added some on Thursday and now the stock looks better than before.    It showed that there's interest and support when the stock dips.  

CCF,  maybe this one doesn't have the kind of crazy momentum of some of the Chinese stocks but we just like the way it is.   The point is, this is the kind of stock where you don't have to check every single tick and knowing that it'll probably make new high sooner or later.

HMIN, we think this one is definitely getting more and more interest everyday.   The IBD profile we noted Friday before the bell sure helped the cause.  It's no longer a simple Chinese play anymore, it might be an Olympic play as well as IBD noted.    As long as the major trend line does not get violated, we'd buy some on the dips and sell some on strength.    If you have a fast trigger, you can definitely buy on a breakout and make a point or two that way.   This one is still very much in play.

TRCR, we think we have written enough on this one and we are keeping a very close eye on this one.   We'd like to add some in the low 6s but if it doesn't come down, we'd be just as happy adding some on strength.

VARI RESP VTRU ENR,  how we play these earning plays are simple.  We get a starter position in each one and add to the strongest one.   If one position lags, cut it lose and add the funds to the stronger ones.   This actually remind us of a race where you get to bet on all of the horses.  The only difference is that it's rare you lose on any horse since they are all winners to begin with.  Here, we are playing with more institutional money and sometimes the trend is easiest to pick up.  VTRU, besides the EPS number it is also a speculative takeover target, for you home gamers of the dating scene they are of the Lavalife site and others.  lol. $50 are the digits being thrown around.

NWK, this was a play on pre-announced earnings. Usually, they sell off once the numbers are publically released but for whatever reason this one keeps staying strong and the action just seems right.   We're set up here and looking to add more on a break.  It got painted down at the close and some sellers wanted to get out for the weekend, so we'll see what it does early tomorrow before proceeding further.

CCOI, our last alert on it said there were some favorable ramblings on the CLEC sec including TWTC.  TWTC had a very nice Friday and we are looking for more out of CCOI on TWTC heels.

ABM, is back in the picture. One look at the chart shows we could be looking at another test of the highs and a further break.

IPGP, this is looking better on the chart with a close over $26 and as posted by a member in the forum this company is starting to get recognized for its growth earning potential. This is the discovery we talked about...slowly happening.

Bascially in breaking down what we have is quite simple.  Our sector play in Aluminum, we have CENX that is up 5 pts since we touched on the subject on AA's earning.  We have USAP, as our steel play with earning.  So you want to keep an eye on the whole sec action with these.  On the cheap speculative trading side, we have a TRCR and HRBN.  There are new earning plays like RESP, VTRU, ENR to test out and hopefully see them become long term plays.  And there is the old reliable DJIM recycling program working with the HMIN, CCOI's of the trading world.

Just a note... the market is a complex dynamic with uncertainity at every turn.  What we do here is trade on emotion, mostly what our gut(s) is telling us might work or not and we react to it.   We trade when and what we feel gives us the best probability at a successful trade, we don't expect you to have this gut as for many of you its not your full time gig...so leave that to us and worry only about proper risk management of your money.  You don't have to be a rocket scientist to see which direction our selections go first,  if anything work on your timing so you can get the most out of a stock.

Big Day!

In our opinion, today is one of the biggest days if not the biggest day for us so far in 2007.    It was almost near perfect except for a couple of stocks but overall effect is very positive.    Index seemed to be going much more wild than most of the stocks on our watchlist but we think it's understandable given the cross currents of a lot of news out there.   Of course, what we care the most at the end are how some of the stocks in our portfolio are doing today.  We will proudly take this day considering there are many a guru and many a forums complaining about the market and the little opportunities for a good trade... A few things for tonight...

HRBN, big volume but a slight disappointing close.   Does that mean this play is completely over?   Far from it!  We think the volume today squarely put this one in the "in play" category.   So why did it not go up with this big volume you ask?   Simple, in terms of percentage, some early birds that supposed to have bought the "Naz Listing Leak" early may be cashing out and maybe some of you after an alert run from just over $10 to over $13 overnight.   We are going to be adding some on pull backs.   Keep in mind, this thing still trades on BB exchange and the market maker there may not be most friendly.   Hopefully when it gets onto the Naz Global Market, some institutions would step in and give it some orderly support. 

CCF,  boy things can turn quickly on this one.   The only disappointing thing is that this one has to shaken out on a day where most of the other DJIM stocks were having a very good day.    Nothing has changed on this one and the battle is close to the 9 ema.   Next couple of days will be the key to see which way it wants to lean.   At this point, we wouldn't be adding as the sell off volume seems a little more excessive and we'd give it a couple of days to show us which way WE ought to be leaning.  The earning did not change overnight, remember that!.  Don't forget how far this one has come in a short period of time and take these moves in stride.  Recently, we said 'she's a bouncin' and it went from 29 to 33's, so be patient.  There is plenty out there!

USAP, perhaps today is the day this stock is showing us that it should be the #1 holder in our portfolio.   One thing is for sure, this stock is definitely getting the kind of exposure CCF lacks.    Even though the trading can be just as volatile, but at least the support is there to push it back up.  We like this one and would add lightly on break outs and aggressively on pull backs.    By the way, when we say adding on a pullback does not necessarily mean we'd be adding on pull backs that have excessive volume that takes out meaningful moving averages, like CCF did today!.  Hopefully, the HMIN move Friday was fresh on your minds as you read the forum blurb on USAP this morning.

TRCR, it felt like it was just a matter of time.  That thought was just echoing behind our heads as we were just talking about it a couple of days ago.   Does today qualify as a breakout?  Hell yeah!  Did we add some on the breakout?  Absolutely.    We'll see how high the momentum takes this stock to. The volume was about 75K when we alerted to a watch for the $6.75/6.80, a 10minute volume chart shows the love it started to receive at those prices as we were hoping for.

MEND CHDX both of these broke out today but both didn't close near the high so we'll group them together.   Remember, CHDX is the volatile beast, so be careful with it.  MEND received a price tgt increase( see forum from premkt)

VTRU VE NWK HMIN ABM MFW ENR RESP ,  we have to say all these behaved quite well given the wild range we had today with the index.  This is a night we have to say the charts speak louder than anything we can say, so we will keeep it short.  There is a collage up of the big day players up in charts.

If you are spread out in a few of these names, hopefully you spread out your profit taking.  As much as we added here and there, we took some off as well in different names.

DJIM #6 2007

We thought we'd get this out today while we're all in a sober state before Sunday's game..

Now that we are in February,  we'll save you from listening more about USAP CCF MFW our core of big winners in January.  Well, maybe for a few days only!.   Nothing has changed since the last write ups, so glance back if needed.  Instead on Super Bowl weekend,  we'll discuss some new and some neglected DJIM names...

CNS, this asset management co' has taken over our money after the demise of GROW.  We've been in and out before recent earning and have been waiting for a signal to enter after EPS.  The day came on FED Wednesday (Journal) as it attacked the congestion in the low 48's seen after earning.  A quiet Thursday and then a nice move Friday.  We like, We like as a core hold.

ALGN a buy in alert low 16's off earning that knocked out estimates has playing ping pong between $16 and $17. We've never traded this before and are closely watching trying to figure it out.  As of Friday, we think there is a possibility of some action if it gets just a little bit higher. BT has confirmed this with a chart look as well.   If we don't get a move early in the week, we'll cut out if we don't see some momo established again.

AVZA an alert at the bell Friday that we soon bought into.  We're not so thrilled with techs but a turnaround is seen here with this profitable Q and guidance equal to this Q.   A nice pop from 5.50 to 6.50 before tailing off.  We traded some of AVZA and kept some to see if we can make it 4 for 4 on cheapies following on the footsteps of NWK, TRCR TXG!.  Basically, we are using the same strategy on all of these.  Best to see the latest on the TRCR, TXG's first days.

SILC, is an Israeli tech just small enough to avoid the institution rush to sell off after earning.  We are very familiar with SILC having traded it from the 6's and were in no hurray to pick up till Thursday buy in alert end of day.  This company is what you call a comeback story,  the founder brought in a top manager and marketing exec.. Yep..the stock was less than half a buck ...4 or 5 years ago with a market cap less than a million, now its probably over 100mln.  They reported a .20c Q/.49c on the year.  Maybe this becomes an IBD contender?.

T'N'T, talk about cheap thrills'!.... we have to group these cheap DJIM winners together.  First there was NWK we started in the 6's and alerted last Friday before this 10% week.......then there was TRCR and last week a spec buy in alert at $4 of TGX.  We noted Thursday on TGX and taking profits with a quick 20% in a week,  we did the same on TRCR again Friday which we started at $6'ish and alerted again to look for action in $6.70's last week.    We are looking at these day to day now with bigger pieces being sold.  There is nothing wrong on the fundamental side but we feel they are getting a bit extended short term.  A nice pullback or two, we wouldn't mind in a few of these after the 20-40% moves.

We got the cheap cornered,  but what we really like most is the classy ones to hold tight.  They are expensive in many a traders eyes as some just can't see past a under $10 stock.   We love these types.  We bought the starters in ENR at 83's, the VARI 52's, the VTRU $43's and have been adding along the way.   These have produced nice charts since entry and returns of 3-8% between them quietly.  We 've sold most of the VTRU the last few days after 4pts in 7/8 trading days but we'll look to buy back in if NASD internet names get some love.   If the market continues to go our way, we expect the institutions to want these types of companies on their books and that's why we consider them nice longer term hold potential.   RESP had the best start but now is lagging the bunch.

OEH , the lux lodging stocks have throwing up good numbers (HLT HOT), eventually this hits secondary names and one we started in again is OEH as revenues per available room look to be higher in '07.  If the institutions do their homework, they'll likely want to hold this one into earning this month.  Actually, this one has so much institutional interest(96%) already it might allow them to walk it up.  We are looking for this type of discovery here.  A slow and steady move into earning off these new highs.  If this 96% ownership is too much or the price is a little expensive have a look at..MHGC

MHGC trades under $20 and we started a position late Friday.  Think Super Bowl, think The Delano and then you'll see what MHGC is about.  The chart looks jus' fine and the 25mln float is jus' fine.

It's pretty easy to break up the trading stocks between those you want to hold over the longer term. We have the core which now includes CNS added to CCF USAP MFW,  the last 3 may need to rest here and there as January has been nice to them and us all.  The cheapies are to trade NWK TRCR TGX, you can throw in HRBN AVZA even ALGN till we see a trend or not.  Plus, we have the not so volatile more expensive names such as the ENR VARI VTRU VE.  There is a fave steel play USAP, a fave aluminum play CENX.  A fave oil play in the steady MTRX.. if you want to carry such, a fave Russian telco in GLDN, a potential lux lodging play in MHGC OEH.   Basically there is something for all types of traders/investors.   We're not throwing out the SWIR's out of sight, instead we'll be digging for these types that are not getting love off earning as potential plays in the very near future.

Need Direction...

Yes, that's how we feel about this market generally.   Naz has basically been stuck between 2400 and 2480 since last November and neither break outs nor breakdowns have yielded any significant results.    Ok, we at DJIM normally do not talk about the overall market trend much but we feel the current state of the market may explain some of the lackluster movers out there.   Will CSCO help out?, the numbers might be there but will the Naz use it to go for a ride?.   Maybe it was too much to burden AAPL and GOOG with;).   Sure, there are trading opportunities and some strong individual strong performers, but it'd definitely broaden the movement if the market is actually on a steady uptrend.    At this moment, we are still not committing most of our cash into work.    Right now, it doesn't feel as if we need to go all in in a big way, but rather, we are trading sporadic opportunities here and there.    As more good earning play come out, we are sure that we'd get more action but it'd be nice if this market gives us an excuse to go big and go all in.    We are definitely not there yet but we feel if a powerful move comes up, we'd be quick to get into the action quickly.   Early and most of the day an overall weaker bias but early gains in DJIM names provided an opportunity to take some gains,  primarily in CCF, MFW over $36.  CCF is just a little too jumpy right now, we'd like to see a close over $33 and away from the 9ema.

USAP, this one is definitely a hit so far.   The lack of volatility and strong action makes this one stands out from the rest of the earning play crowd.   We added some today on the 3 day breakout, but will watch the highs coming up carefully.

GLDN, this one pulled a typical sleepy move when nobody is watching but hopefully you were since Thursdays alert    This one sure took a while to get to this point.   But we can all agree that it's been a nice hold so far during the past couple of months.

VARI,  MLynch started coverage again with a buy rating and stock notched another new closing high here.   We favour these kind of plays here b/c of the institutional support and the liquidity it provides us.

AVZA/SILC, these cheapies didn't do much of anything today, but more importantly, they aren't giving back much either.   The longer they can hold and flatten out, the more likely the next movment will be up.  Only so far these techs will go without a little help from the big boyz.

CSCO who?

CSCO who?...Paulson who?....Bernanke who?....seemingly this is what the DJIM core and secondary holds kept saying all day.  Absolutely...no consideration or respect from DJIM stocks to the rest of the boring market or its talking players or what is coming AH's.  What could we possibly say tonight, except wow and laugh a bit.   The funny thing .. this is not first time we have seen this divergence between DJIM stocks and the weaker bias in the market.   If or better when the time comes that we come down to a few positions or go to mostly cash,  you will recall these days and ask what was I doing wrong?.  Basically, if you're not capitalizing on these moves it is a missed opportunity and you've simply been in the wrong stocks.   It's easy to blame the market instead of yourself!.   The interesting thing is these are not one day wonders,  these are for the most part continuation of moves in new DJIM stocks from 2007 and some late 2006.  

Let's take USAP and another new high attained today..it's only been wined and dined here from our first buy in high $36's....we don't expect all to make 30% so far in '07 on it,  but surely you have enjoyed more than your share of points on it...Why else are we all here?..Earning gems..NO?.   We're not here to wait on double bottoms, we prefer to toast a double shot of something at the end of the day after discovering a earning play early and hopefully sticking to it as it is discovered by your neighbour...and if you don't like neighbour there is nothing like selling it to him or her at the top!

Why do we keep an active chart list even when we sell most of a position...Example...VTRU

VTRU that we sold off most last week ( also an earning play from $43's)..simply, you take your points, your profits and watch list after...why?...so you let it consolidate a bit and then try to catch another move...WOW..we said it was looking better at low 47's in the Forum...minutes late this one really broke out and was nearing $49 end of day with volume.

CNS...little reaction after stellar earning but we held it on close watch looking for a turn.  It came last week and noted our buy in...4-5 pts since including another alert this week. You gotta love the last 4 day sticks on this stock!.

CCF MFW, we mentioned we were selling some of these off yesterday. Today was just an opportunity to rid of some more at higher prices or as in MFW case trade some.  After all was done, we probably came out with a bit more MFW than we had yesterday at the close.  We are not arguing with these going higher,  but we have to realistic especially in a market showing a weaker bias all day with stocks covered here from 27's (CCF) and MFW ($28). These are 20-30% moves just in 2007. 

Speaking of selling, GLDN hit the 57's today without noticing where its' trading..the flat NAZ!.  Besides the run from the high 30's here, this was alerted last week at $53  and yes we took some of the short term profits.  If you've kept track of this stock, you know this has been a great pick up on any pullback, especially to the 9ema.  We've kept enough to prove this is our favorite Russian telco stock.  Speaking of closely followed holds from last Q,  let's not forget the ABM making new highs..this is as steady as they come from $21's for DJIM readers.

Not to be out done, we had one (AVZA) from our bleachers, the cheap seats come through in a nice way.  If you didn't catch the first alert at the open the other day, hopefully you moved on Monday's.   Plenty of opp to add at $6ish to grab part of this move.  The volume wasn't spectacular but hopefully the NCH brings in some more money overnight.  SILC, TRCR just fine as well today.

Considering, DJIM stocks have done these runs in '07 without the NAZ's help,  we'll put our pom poms down tonight and let the CSCO cheerleaders pave the way..Let there be many!...The ones with AAPL and GOOG on their sweaters had little bounce in their cheer and definitely no kick!.  Some suggested reading in our archive as to the possibilities for tomorrow.  Same ole?.  We'll be cautious and take any bump for profits most likely.

http://djmarkets.squarespace.com/journal/2006/11/9/cscodisco.html

same recipe..new ingredients

Yes, we are  referring to our trading strategy at this moment.   Basically, during the earning season, what else are you going to play besides the earning plays?    The key for us here, is to recognize a good earning play right AFTER they announce the earning.  There are many beating, raising and the masses chase the gap and then churn all day like an IVAC in a .70 cent range...Boring!...  Here, we try to recognize more upside short term ...gap or no gap...same day or within days.   It's easy to get sucked in by a pretty EPS number, many did with IIG today at $23,24.  It's not that easy to recognize what will work, headline chasers get whipped and it only takes one bad entry to leave you marked and bruised!.   Of course, initial earning reaction within minutes may not be the best indicator and that's why we usually get in a small starter position right away in a selective one and monitor the progress of the action through out the day to determine the playability of a particular report.    Unless of course, we have this special "gut feeling" that the earning report is sooo good and we just have to buy it with a decent size no matter what.     As we all have experienced before, strong earning play don't last just a day.   If an earning report is very good, it sometimes takes days if not weeks to really sink into people's mind.    It means that there's plenty of time to buy even after the strong "gap up" reaction of a stellar earning report.    Also, believe us, not all institution can buy all of the shares off the earning report in one day.    Here are some new ingredients...and what was cooking!

MDCI, this one hit our radar in pre market but we had no clue how the street is going to react despite the fact we liked the report.   So, we get a starter position and wait.  This stock was alerted in the low $35 and it finished up about 3 bucks from that point on.  Of course, we added to that starter and hopefully you did too.  We have to say that the performance of the stock is definitely more impressive than the earning itself.    The split is also coming up so we think that's also an added factor as well going into the close.    The stock will trade on split adjusted basis on the 9th and we have been trading this one very aggressively today. MDCI reported .38 beating two estimates by .08, revenues 67mln vs 59mln.

EML, well, we got lucky and unlucky. The co' had a release the other day saying earning release was the 8th but then we got this early move to $24 and sold the majority of our alert from Monday.  Looks like one wire had the results, but most didn't till about 10:30.  Luckily, we were still watching the action and jumped on the surge still not really knowing what the heck was going on...but hey, you go with the flow!.  Something had to be up and it had to be good!.  How else do you explain the rush of volume into a quiet stock?.   If there's only one downside to the earning reaction is that it did not close nearly as good as MDCI.   Is this something to get worried?   Well, unless you feel their earning report will get reaudited down the road, we feel that there's absolutely nothing to be concerned about today's close.  In fact, it still closed pretty well and given the thinness of the stock, this one can climb up with some meaningful percentage in no time.   Again, valuation looks even more attractive with EML compared to CCF and we have a gut feeling that this one will trade better than CCF, less choppy that is.  This is just an example of a thinster being discovered, we like to think we did that last Q as these numbers were somewhat in the cards.;).   Don't forget why we got in Monday...Jefferies picked up 54k shares from the co'.  That was the look into the keyhole of EML and todays report..The Eastern Company reports Q4 EPS $0.96 vs $0.23 in 4Q05, revs +76% to $49.7 mln :"2006 was a very good year. We set records in Sales and Earnings and our backlogs have increased. Notwithstanding the positive impact of $19 million dollars of shipments toward fulfilling a military contract, the Company's "core" sales increased 10% for the year and 17% in the fourth quarter, the 17th consecutive quarter of improved year to year sales. We are optimistic that trend will continue into 2007... The military contract to deliver door latching components to be used in retro-fitting the up-armored military Humvees will continue into 2007.  These activities will be positive factors toward sustaining.  http://djmarkets.squarespace.com/journal/2006/10/2/eml.html

CGX, this one we did not alert but feel that it also came out with a very good report.  We think we had enough today and don't want our readers to get confused with 3 similar alerts.  There's something about these "expensive" stock that we like since they just tend to be less volatile than the "cheaper" stocks once they report a similar strong earning report.   We added this one to the top of our watch list also. We have seen this trade well off reports before and think it has some legs after this jump.

USAP/CNS, basically even the strongest stocks need to rest when they had such a good run-up since their report.   Just look at their chart, neither stock has closed below 9 ema ever since they came out with their report.   Things are still looking very much intact with these two but we feel we all should be paying more attention to the newer earning play.  Basically, we're still eating up the reports, it's just not same restaurant every day.  But considering these are two of our core plays this Q, we're surely to be back buying in size soon.

Watching MFW early tomorrow with a chance of adding..hunch

HXM has had a nice few days, CCOI had a very nice day

The bottom line is that nobody needs to be stuck on an out of favour play.   With the earning season, you are almost guaranteed that there'd be something new and fresh coming around the corner.   There's really no need to be afraid to play a new stock because no matter how unfamiliar you are with a company, the trading of that stock should always be familiar to you.    We are looking forward to tomorrow.

cheers, 

More choppiness?

That's what we feel at this moment.    When we say choppiness, it means the market will behave in a very volatile and adverse way.    We have been saying for a couple of days that we feel sooner than later we may see a big movement out of this market.   It seems that we've been stuck in the same range for too long.   Sure, there have been some good earning surprises and individual action kept us busy during the last little while.   Still, we still have to keep our eyes on the index just to feel if something big may be cooking down the road.     When all things said and done, a big market movement would drag a lot of stocks with it, up or down, regardless the type of stocks.     At this point, we aren't 100% certain about which way the market will lean but it's just hard for us to see a sudden rally into new highs and beyond at this point.    At this point, if it wasn't for some new earning play and couple of story stocks here, the market would actually look down right lousy.   This is what we have to be prepared for, mentally.    We basically have to be prepared for the possibility of a "woosh down".    Believe us, it's much easier to deal with a rally than a sell off.    With a rally, the worst you can do is not to make money!   But with a sell off, you  not only can  lose money, but your confidence as well, and it unbalance your cold emotion as a trader.     Basically for us, it's better to be prepared ahead of time and when the hit comes, we'd know exactly what to do and won't get caught.

So what have been doing now?   Other than getting up early and play some stocks off the news, we are looking at laggards that needed to be reduced and cutting down our # of positions to a manageable level.   Of course, every trader's account is different and this is how we do things when we get cautious.   So what are considered the laggards then?   Basically, those stocks that have released their earning report for a long while and haven't done much of anything, are considered laggards.     We are keeping those earning plays that look technically strong but will keep our sizes at a comfortable level.   Basically, we aren't over betting in any particular play.    Then, we have to keep a note of those stocks that may trade independently of the overall market movement.    Lastly, keep an eye on new 52 week high and to see where people might be stuffing their capital into.     All these may sound a lot but it's actually an ongoing thing for us.    At this moment, we are doing what we can to stay ahead of the game.

ONXX, this little play caught some serious momentum fire today.   The huge gap up is not enough to deter buyers and it inched another 20%+ intraday.   This is not a typical play we'd hold overnight so this is more of an hour by hour thing for us.   Again, if you have fast finger and a suitable appetite for these kind of plays, it does pay to get into it early in the day.   Other than that, your understanding of the news release is as good as ours and we'll just leave it at that. This was simply a headline you cannot pass by early.

BW, speaking of another gap up, this is actually an earning play.   The company guided up for 07 and stock behaved very strongly.   Other than a starter position, we'd have to give this one some more time and room just to see what it's made of.

Okay reversals in USAP, MFW (MDCI continued its bounce) today but not everything reverses.  VARI also did alright but a lot of stuff is lagging any punch.   Watch these 9/14ema levels carefully as we pointed out last night.

Untrustworthy

That's what we think of the index move today.   Of course, if you listened to CNBC all day, this is nothing but another rosy day for this market.    If this is an actual rally, why do we find lack of opportuntities to trade?    Trust our eyes, instead of our ears!    You can trade deaf, but you can't trade blind!   Ok, enough of this corny wisecracks! lol   The truth is, we aren't finding many opportunities to trade today,  so we sat mostly on our hands.  There might not be a load to play, but there sure have some nice points in ONXX BW and CENX the last 2 days here.  Selective is the name of the game, now!  A few things that looked interesting today besides these names..

CENX USAP,   CENX obviously got some bid early on b/c of the Alcoa news, but hey Alcoa was the reason we picked this as the Aluminum play over ERS in small cap land.   Anyway, this is very natural b/c this is how the sympathy plays work and hope some of you played it off the alert, if you already don't have it as a hold.   Last week in the forum, we wondered why CENX was lagging the sec. at $44 off the upgrades of the big aluminum plays.  Today all this paid off as it spiked to $49 in the first 10 minutes.  A day like this sure gets CENX's name out there as a sec play, even though there may be absolutely no chance for CENX to get any kind of benefit from a potential Alcoa takeover.   Ride it while the effect lasts!     USAP may also benefitted a little from the AA news,  so it's not a surprise.  What we're glad to see is that USAP held its 9 ema convincingly.   Lets just cross our fingers and hopefully it gets some good trading from this point on.

OEH, our lux lodging play into EPS put it's first close in over $49 NCH and VE, put its first close over $72 while here at DJIM. Guess, it pays to have some NYSE stocks to follow in the middle of the takeover, record share repurchase blab about the Dow.

EML SYNL, not much to say about these two and we are hoping these can turn into a flag pattern.

CGX, this one really showed what we like and that is immediate strength after it gave up some of the early gains following earning.

Basically, we are biting our time with this market.   It doesn't mean that we are going hibernation but we are simply waiting for something to happen.    Knowing this game, something will always happen sooner or later and they come at a time when you are least expected.

Seeing is believing...

Basically, when dealing with a market that mocks your intelligence more often than you would ever admit, the only sense that we have to rely on is our eyes.    Throw away any predictions and throw away any bias, what you see is what you get and the best movers may not be the ones we had in our mind sometimes but this is definitely the fundamental concept of stock trading.    Had we predicted with 100% accuracy with 100% correct timing, we probably wouldn't be trading stocks as what is the fun in that? lol     Then what is the important issue here?   In our opinion, the ability to quickly spot the ongoing trend and recognize which plays are working better than the others and act on it with a sensible strategy is the key to survive in this market.     We think the market has definitely got tougher compared to a couple of years ago.    As they say, the tougher it gets, the tough gets going.     Market always behaves in a dynamic environment and our trading minds will somehow adapt to this ever changing environment and trade accordingly.   The worst thing when dealing with a dynamic market is to be stuck in the yesterday's frame of mind.    Plays come and go and change constantly, our methodology will have to be improved all the time to adapt to the newer plays and what's working out there.    Ok, lets tackle some of the working plays here....

CYNO, we noticed this one a couple of days ago off their earning report and wanted it give it a day or two to see how it reacted to the gap up.   Obviously, gap is being held and that's a very good sign.    We looked at it a bit further and realizing this one has a pretty small float and that's another good sign.   After checking the IBD #, with 96, 90 A rating, this further ups our view on this stock.   So the decision was quick and easy and we grabbed a starter in the low 23s and added more as the stock strengthened up.   Cowan raised estimates and WRH is a big fan now as well.

CSV,  DJ news reported a whole bunch of insider buys on Feb. 13th.   We are not sure if they are open buys or not and look as though they are not.   There were a total of 120k shrs bot by 6 different insiders and they were all bought at $6.40/shr.   So one thing we can definitely rule out is that there's won't be much or any of the insider sales anytime soon.    This is just the common sense that if all those insiders were willing to put in their own money into a stock that just made a new 52 week high after an earning report, there's no reason we shouldn't either.    A business is a business and as long as the business is legitimate, we are not going to give anymore thought to that.

MFW, this is one stock which we are officially giving a "kick a$$" title today.    There will be sometime before they report so as long as the market is in a neutral to bullish mode, we trade it on the long side.  We've had this core hold and USAP up every night this week as the reversal started.

USAP, a new 52 week high today and only as little as two days ago, this one is fighting off 9 ema.    Strong stock, nothing more to it.

VTRU, we aren't disputing anyone's claim of how much more this thing is worth so we are sticking to "seeing is believing" attitude.  First in the $43's off earning here, we said we'd back. Today the chart cried for a good look.

A few others we reminded to keep watch on today, SSRX from last week, CXW, AVZA made NCH but we'd like to see some more volume to sustain this.   Also, if a stock like EML is to bounce from 9ema levels it doesn't mean it has to touch it...it's just too thin to play that game.  CCOI might be worth a further look as it comes to highs.

We have 3 days off coming up and there will be some profit taking into it, but if that's your worry...you should have been selling into strength these last few days.  After a week like this, dip buyers will be waiting for your shares tomorrow.

Boring but still productive!

Market exhibited another lackluster day as two major indices went opposite of each other.    Like many traders, we are also pondering on whether we'd be seeing a big move from this market.    While we ponder our thoughts, we are also busy trading those that are exhibiting superior strength in this market.   Again, there's no shortage of stocks to trade today as it's becoming a trend lately.    In all honesty, as long as there are tradable opportunities for us to get our hands on...Is it even relevant which direction this market is going?    We never believe that anyone can be tied down by the market or a particular stock.    When it's time to move on and cut a position,  one shouldn't think twice to do so.    Liquidity in our opinion is retail trader's greatest assets.    Here are a couple of plays worth noting...

HDNG, yes it's another one of those thin floaters.  lol  Actually we have been trading all kinds of EPS movers this earning season so far.    The stock came to us when it gapped up in a volatile fashion.    The company reported a very decent number and the only concern we had is not knowing how this stock will react based on a heavy institutional presence.    Believe it or not, this one still trades like it only has one million float when in fact there are quite a few  institutions holding over 6 mill shrs combined.   However, there's still no analyst coverage on this one.   What we are looking for is more exposure and coverage.    We had CCF, EML, SYNL and now it's HDNG's turn to show us what it's made of.   One thing is for sure, its earning number doesn't lie.   Oh and it looks like IBD raised its number to 98 94 A after the close, not bad at all.

KBW, this one just didn't take long at all and we added with today's strength after consolidating just over $36.   We knew that a financial company in this market cap range is always sexy and attractive to institutional investors.   Why?   They are always potential takeover target for those big and hungry financial outfit.

USAP HURC GLDN FCN JASO ,  all these made new closing highs and we are being extremely grateful of USAP.   We feel that HURC has a pretty good chance of pulling a USAP move. It seems HURC has more staying power than its previous earning reactions.  Basically, it's acting different with sustained strength.

January was a bit slow for us in terms of earnings report but February seems to be full of good surprises.    This seems always to be the trend for us as we are getting more and more opportunities toward the latter half of the earning season.    The only thing we want to say at this moment is "keep'em coming!".  Friday has a way of throwing out a new play lately, so be ready.

DJIM #9 2007

What was a 4 day shortened week felt anything but as trading seemed to have come to a stall by weeks close.  The week definitely got started on a bang but by weeks end the buyers seemed exhausted and/or just not interested.   So what do you do?.   Well, if you can't buy anything with potential it gives you time to evaluate your holds and maybe sell some into the 'Green'.  It is not the time to get nutty and turn away from what has been working by chasing something just to make a trade.  It is always better to draw down you positions into the green then having to hastily sell if this lacklustre tone continues and we really have an exhaustion day when the selling hits hard.   What the week provided was for some orderly profit taking and by looking at performance of some DJIM's closely followed in the past 5 trading days, so it was not such bad thing or idea to scale down or add to a strong one or two like CSV.

KRSL 28% SYNL 13%  ONXX 12.1  CSV 8.7  TRT 7.3  BW 6.5  CGX 5.9  USAP 4.0 CCOI 4.2 OEH 3.4 GLDN 3.1..and HURC at its highs was up 15% since alert buy in.  Taking into consideration the last few days, these returns at the end of 5 days of trading is nothing to sneeze at.   The week was not all pairing down positions,  there was some buying and adding to these percentage gains in the likes of KBW and to a lesser extend HDNG.   The only one that got away was CYNO, it looks the Directors got a hold of the hacked version IBD too and decided to sell in bunches this week.   Actually this looks like planned selling again and it has never stopped CYNO before from moving upwards, so we expect this to be a hiccup as well.  You could plug your nose and hold your breath till it goes away or you could just sell when a stock is feeling pressure such as this.  We prefer to sell and not feel the pressure possibly take down a stock of ours.  The stocks above are the primary hit/ hold list for DJIM, we might have reduced exposure in some like BW after a big run but these are also the first we'd be looking to throw money back at in the upcoming trading week.

What probably got us through the week was the continuation of the solar plays. Right now, JASO FSLR TSL are providing more than ample opportunity to swing a trade. The good thing is seemingly there is always one moving, so at this point we are hitching a ride here and there and not asking for names.  VTRU VARI , we are waiting on patiently to make a drive for new highs and jump in with some enthusiasm.  The problem is the techs just don't want to lead this NASD to higher ground. 

So...despite the selling in most sectors for 3 out of the 4 days, the NASD and Russell finshed the week up about 1 %.  The Bull/ Bear fight in full force, except the fighting ain't that strong in either direction.  Hope this week is a little more interesting and some conviction comes back.  In the meantime, DJIM will be stay in its own ring and will be after new earning stocks to punch out some profits with. 

DJIM #17 2007

Last week was quite the interesting week.  We go off to a fast start as our closely followed from the previous week struck new big highs come Monday..TSL $68.9, JSDA $32.6, UXG $7.17, JASO $28.30.  What followed was our noted exit before the downdraft began for these plays, which included a few D-grades of note we alerted to Tuesday premkt.  In regards to D-grades, we've said many times we prefer to move on when we see these hit the wires.  Yes..even if your stock wasn't D-graded but is in the same sector, you can expect a sell-off as well.  Especially after a big momo run.  Coincidently, what followed was a few days of boring action in the small caps as the larger caps moved forward.  This action, this divergence started getting many out there saying the market was hanging by a 'thread' or was 'troubling', as the broader market was not playing along.  To us, this isn't some conspiracy that the market is going to implode....it was just boring as we all probably had a rush going into the week off the momentum runners that ran into Mondays action.  Luckily, we had AVNR for a few days to keep us sane ..or is it insane if we're playing these?.  By end of day Friday, we had the large caps confirming the trend, we had the Nasdaq showing support and moving higher on bullish earnings all over the place.  Do we think the bearish mood on small caps seen mid-week will continue?....NO!....if the earning keep surprising!   It's just a matter of time before small-micro caps play along in the bullish trend.   See yesterday note with charts.  Also, S&P Equity research reasserted late last week that mid cap asset class is where investors should stay focused in '07 , going against the grain of Wall street by saying this class will out perform the large caps.   This week as seen in our earnings dates calendar, small caps earnings will start to flood the market and we will most likely concentrate on new names going forward or looking to recycle names off reports. A few small cap stocks came out with excellent earnings last week. These include...

SYNL, its Q1 profit increased to 56c, a fivefold increase yoy and sales climbed to 44.4mln. The report was also sequentially better which shows growth not only year over year, but Q after Q which we like to see.  We didn't feel SYNL was the type of stock to chase pre market, especially as it hit $37.  We simply thought we might get some selling early from those anticipating excellent earnings and holding through, we thought we could get it cheaper.  The stock never saw those premkt highs Friday.  The stock bounced off the recent high, filling the gap and we bought back a position.  Still under a million shares traded, but we definitely like the volume bar it put up Friday and think this could start to trade a little differently than it did in the past 6 months.

ATR, manufacturer of dispensing systems for personal care, cosmetics, food and beverage put out a nice report as well last week that we covered Thursday. A nice spike at the open to $77 before closing up at $75.12. 86 EPS/89 RS #'s.

DXPE, a combo of a favourable chart and the good ole pre-earnings walk up played a role in its 9% action Friday. We are trading this and will let loose our positions before earnings on the 24th.

Steels/speciality Alloy manufactures, we are still holding SCHN.  Other stocks in these groups of interest to trade are RS and TONS.  TONS is for the bungee jumping aficionados.  USAP and its steel-alloy group have a nice chart after a recent pullback.  If the group has a breakout, we'd look for USAP again.

Solars, volume has declined daily on almost of the players. The short squeeze, momo run is over for now.  We have no reason to test the calm waters.  We'll be there when the waters get infested again.       We are also away from the cheap mining plays here as we head into earnings for the smaller names.

Shipping stocks like DRYS have been doing well lately, ISH remains a play too look at.  Very small float here. RCCC, FCSX, ROS, MFW, GLDN, USAT, TNH , some names up there on the watch-trading list going into the week,  but we'd expect new earning names to take the thunder away from the more mature plays in the coming week or maybe a biotech feverish stock or two to be the big plays.