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The faces, the symbols may change but one thing that doesn't change is trading the probabilities that are in our favor. This simply means going with where we see momentum. Yesterday was day 1, today was day two in trading where the probabilities for profits were in our favor.  One theme that emerged yesterday was the Russian telcos, we didn't see it in print or hear anything about it later, so may we were a little delusional at the onset yesterday.  But then the action spoke as MBT's earning really spilled into other names, one being VIP.  If the premise is correct, one Russian bear does well, so should the other. You all know how this works when ones news vibrates to another.  Well, VIP did not disappoint,  beating handily today  Vimpel Comms beats by $0.27 (VIP)  :Reports Q3 (Sep) earnings of $1.32 per ADS, $0.27 better than the Reuters Estimates consensus of $1.05; revenues rose 21.2% year/year to $1.36 bln vs the $1.29 bln consensus. If you believed and later saw the probabilities of these companies piggy backing off each others EPS numbers, then you have been quite the point collector..as many as 8 or 9 pts off the two in two days.  The other trend widely seen is that of oil related plays. You simply go where the momentum goes and what happens is you increase the odds tremendously in favor. It's not rocket science and we're definitely no rocket scientists but just like one must have street smarts to survive... playing into human nature, the psychology of the trader/investor takes you to where the herd is, better yet where its going to be. There is 63 dollar barrels of oil on the wall.....63 barrels of oil...literally as this is the area of resistance and we are at it.  If this is wiped clean soon, a new trend most likely emerges and that is Oil clicks on.  The last few days run into this resistance area was capped today by a beautiful move out of ALY.  DJIM has its oil stocks and ALY has been here since day 1 to trade in this segment, today was its long awaited graduation as it popped 10% to $21.  If you are new here, last night Journal entry noted DJIM stocks we like to trade when this segment gets interesting. The foreign telcos, the Oils are two trends we traded in our favor...the probabilities were in our favor to finish the days... green not red!......

A few others from today...

FSYS, a DJIM alert note in the morning just before the open, spiked early from $18.4 to 19.40 before consolidating for most of the day. Volume perked up nicely after noon. We like the chart on the daily for possibly more from this recent earning play.

RVBD continues to be the resilient tech. This was noted in the morning as it tried for highs at $34 in a not so happy market. We liked the volume action as it broke $35 late in the day, even if you flipped today that's as much as 3%. We like the chart too much to flip, instead we added as the day progressed into another NCH.

CMT, a DJIM alert pick up last week continued to paint a quiet, yet nice chart closing with another NCH

BIDU, RIMM, FTEK all these had some spark from news, rumors and are looking good.  We are a bit more comfortable with the market and have increased our buying, trading the probabilities that are in our favor as we closed off November.

We started the day with a very optimistic tone and we definitely finished it with the exact same tone.    So basically, the cautionary stance we took a couple of days ago is a little bit lessened.    However, just because the index is finishing solidly green, it doesn't mean that we are going back gun ho and buy back all of the DJIM stocks back off our watch list.      Still,  it's a game where you only get rewarded from the best action going forward, not from the past.    Momentum stocks provided us with some solid gains yesterday such as FMCN DIVX late day runs, today we had some other DJIM stocks such as ATNI IAAC SNCR MR EDU... providing sparks.    On top of everything,  every one of the Russia based telco stocks caught fire today, notably MBT GLDN VIP ROS.    These were the primary trading targets but if you were recycling DJIM names, you too had a good day!

DJ Traders Market hours Alerts in DJIM Alerts

'[Demi]' posts » MBT, russian telecom out with excellent earnings, also possible overflow to others such as VIP-GLDN, which was raised to buy and a 50 tgt from 37 by an overseas bank yesterday.

To cap the day, we definitely had a couple of wild small caps and the one we chose to play is RNIN.   RNIN is getting some buzz b/c of its close similarity to FMCN and the fact it's an IPO, it gets played with some serious momentum.     It's not easy to keep the gains for a 5 buck stock, even though the float is small.   It definitely had its share of volatility today, but the end result is a close near the high of the day with volume surging toward the last half hour of the day.     While this normally signals another good day to come, it's never guaranteed that it can happen and this play is definitely on the more speculative side.    And last, oil service group had a very decent day.  Recent DJIM stocks such as ALY BTJ GDP PVA... all seem to have broken out.    We'd say choose your play wisely and pay very close attention to the overall sentiment in the group.    One little hiccup in the sector and we are simply outta there.     

That -54 Naz day is still lingering around our memory.   It can not be easily forgotten and the way we've been trading last couple of days fully reflect that.     We have been playing with smaller sizes and only playing with those we think that exhibit the best momentum, today it was the idea of a wild fire spreading from MBT earning. It was a hunch in DJIM Alerts premarket and paid off handsomely with NCH's big dig days from the Russian stocks.

cheers,   

One is sitting in it and the other is spending it...same goes for your trading dollar profits, you can sit in it after you worked your butt off, stressed your mind and finally earned it and/ or you can go window shopping and selectively, wisely spend some.  There's always something new come earnings season....last week it was in the JCG window, today REXI came out with a flyer on its earnings. Despite the morning beating of China stocks and tech names, REXI behaved well and we showed it in alerts mid $25's on about 15k volume.  Last night it reported .21 vs .04 on 86% increase in revenues.  The numbers over recent Q's is hard to figure but the reaction this morning showed it was a go.  The chart helped the decision process, as did the thinking Asset management co's have been in favor as seen here with GROW, IAAC.  The stock got some air and hit a intraday high in the mid $27's before closing off just under $27.  One thing we are doing now, since this is a full time gig for us ....is look for fast and liquid movers. The reason is simple...instead of being trapped in a thin stock with a oversized position, a liquid stock provides easy quick exits!.  We are still going with the cautionary flag, so this short term trading opportunity is what we will attempt to catch for now.  Two stocks provided this late in the afternoon as the market improved...DIVX, FMCN. These are not just any stocks getting the groove on, these are earnings plays fitting to DJIM, plus they fall into our trading methodology or is it madness of buying stocks as they move to NCH's.  We don't shy away from this and we wouldn't today.  Adding, buying late in the day is nothing new for us.  Even if you caught the alert note and jumped on it ......around a $1 on each was had for a flip at the close in 30 minutes.  If you held, you could have more or less tomorrow.  Whatever floats your boat!.  FMCN was actually placed on our screens in the morning but it was taken down to $65 with the rest of the China stocks. The reason we were looking at FMCN is WRH came out with a $85 buy target.  All it took was the market to go green for this to become relevant plus a kick off the 9ema.   At about the same time DIVX began to show life, more life than any other tech names as it reversed strongly.  We didn't care to know what the excitement was, we just had the 52 week high in sight and a curiosity as what it would do with it after it took out yesterdays high... Well...the 52 wk high $29.72 was history pretty soon and a NCH of $31.36 at 4pm.  At this point we are trading these, simply this means we could trade this into any morning strength or a weak market or hold longer.  We're not showing any love right now and will trade according to the action we see.

We suppose if we are not going to be cautious with a -54 Naz day, then when will we ever be cautious?    There's really not much to digest today other than what appears to be a devastating index loss.    The individual action, though seemingly not that bad makes us feel that it may be just a matter of time before the negativity spills over to the small cap side.

It's a fact that we've had a tremendous run since Sept. and we really haven't had a meaningful pull back.   We thought we'd get one near the end of October but that quickly proved to be NOT the case.     Is this the beginning of a trend reversal, was this the crack?.   We don't know and at this point, we'd give it some heavy weighting toward this thesis because of the long rally we just had.    Similarly last year, December was merely so so and there was a lot of backfilling type of choppy trading action.      For this markets sake, we feel that it's really better for it to go into some meaningful and sustained consolidation mode.     It means that this market will be choppy, which in turn means that there'll be lots of +20 and -20 pts moves.    What this also means that many small caps, especially the type we trade,  may end up being the casualties of the markets choppiness.      At this point, we don't know how some of the DJIM stocks are going to hold out but in this business, no matter how much you like a company, seeing is believing and action speaks louder than words.    We will be very selective on our plays and setups and define our entry/exit much more tightly until either the market stabilizes or it clearly reverses back up.

Of course, all these cautionary talk may prove to be an over reaction if Naz pulls +100 pt in the next couple of weeks.    Until that happens, we are going stick to our game, and do what our experience tells us to do.    That is to sit tight with lots of cash and play selective and small.

cheers, 

That's the question for the day.    Ok so as we said last night, taking profits as the stocks go up is not a necessity, but a must habit if you want to maximize and smooth out your tradingt.     We have been further reducing some exposure today, in an accelerated pace that is.   Could today be the beginning of something?   It's always possible and we are taking a cautionary stand at this point.    You just couldn't help but to feel that we have had it too good and too easy so far.    Going forward will be very very seletive and with smaller sizes for us.   We'd try to stay on top of things and do according to the action.

Right now it's all about protecting your profit.

cheers,

Despite a shortened trading week in which the indices basically consolidated on light volume, DJIM heavily followed stocks produced quite a week again. Add the early introduction of JCG, alert on CMT low $9's and there was more than enough to feast on this past holiday week.  With the mid week additions and the strength of DJIM stocks,  there is really nothing new to add going into the week. Again, as the gains marched on last week it is never a bad time to pocket some points.   In 3 days and 3.5 hours, JCG, MR, RVBD, GROW, CMT all posted gains of more than 10% on the week, throw in another 5-6% from the RIMM'r...DIVX, mentioned last week as the only other DJIM small cap tech worth a trade tacked on 6% the last 2 days.....even the crawler ATNI closed friday at $28 and another NCH.  Some like ZOLL, EXLS are slowly coming off, consolidating those huge DJIM opening day runs and might be ready to participate, especially if we get a good market.  The action in the DJIM stocks made it unnecessary to seek out new flyers for a quick holiday trade, we mentioned EFUT last DJIM #14 as a possibility for last weeks probable enthusiasm and it didn't disappoint with a two day run of 30% or so. We don't know the mood Wall Street will come back to their desks with...we really don't care and either should you.  If you are practising taking your points and profits like us the last few weeks, well actually the last 10 or more weeks...you are in a great position to end the year!. If so... now is maybe becoming the time to be more selective, which could be just reducing your positions or the lot sizes of your top performing DJIM stocks.  If we get a pullback before XMAS, you will be thankful as you sit in extra cash and shop for the familia,  while others may find there is nothing even for themselves in the Markets Store.  The Market is quite the resilient one, but you never know if and when a crack will appear at these levels.

Still 3.5 hrs left to feast on this holiday trading week....do you have it in you?.

Wednesday premarket we noted JCG, J Crew which has been undergoing a turnaround since 2003 with a new CEO.  JCG came out with stellar earning and raised "G". We're not big on trading retailers but this one had a nice chart and the flavor of IPO still over it as well.  Hey, its not Limited Brands inc, (LTD) that we could do some serious due diligence work on over the holiday up here in Toronto... but with XMAS shopping season around the corner, this preppy clothier might stick around the DJIM books if it continues to gain interest. Of course, its Black Friday weekend so you have that to consider all the upcoming news into a potential retail play for your book.  The stock traded up to $38 AH's Tuesday, the open dipped into the high $36's..a surprise with nothing really behind it, this definitely looked like a buy opportunity to us..  Soon the stock picked up and it was not too much later that we entered as it started to catch some air. There are 100's of releases this time of the year, we are selective in putting things up you might want to look at during extended trading hours, DJIM alerts as well.  JCG was one you should have been watching early on with us.   CAAS's crazy one day run recently might have given you reason to check back into this Market Chat feature.

JCG 1 min

Another highlight was the move in the heavily followed DJIM stock MR.  Not much you could say about it except it managed to tack on another $1.50 after being alerted to with the follow up on JCG in the morning.

CMT, this late day alert Tuesday in the very low $9's put in a very good day closing in on $10. The chart looks excellent for this steady mover and it's IBD #'s are getting interesting enough to get some attention in our books.

GROW, GMKT continue to provide the best trading opportunities while climbing higher, buying the dips is not going out of style with these G's.

RVBD is providing the best opp in the recently followed DJIM tech names and is really the only one we have interest in trading...DIVX might be shaping up but the SCNR, TWLL, TRT, UCTT need further consolidation and/ or a breakout for us to get interested again.  Be careful tomorow, false breakouts may occur on small volume, best to pocket some gains because they can evaporate quickly come next week.  

So far the blueprint for this holiday week is quite the Green when it comes to DJIM small caps. We spoke of EFUT possibly being good material for holiday trading and it hasn't disappointed as far as excitement goes and huge gains since Mondays open.  Does it have more in store?. Who knows!. The real fighters off DJIM have to be GROW and JST, up 8% and 7% plus respectively today with NCH's. If you were patient, you probably got yourself a decent entry on JST without chasing its lights out on the open yesterday. Not far behind has to be the GLDN in DJIM alerts today mid 39's when volume was a quiet 30K. This Golden baby didn't only perk up, it foamed up to $41 and a clean breakout on 308K volume.  Again..the point of alerts is to show a stock of interest to us,  it isn't a license to buy because we mentioned it.  So everyone is into the momo this week, that's okay DJIM crawlers go the back door and put up another 5% as in the case of ATNI, $27.58. Ain't that chart a beaut for this DJIM stock from $21 this month. Paste this one on the wall of 25+% moves on the DJ Journal Archives wall....right next to MR which made a nice move to close at $22 today.  

A note on TRT, we pointed out the possibilities on the weekend. One was a volume break over the high, this didn't happened. The other possibility happened but it wasn't the slow and easy walk to 9ema, we would consider for a play. We noted a few things last night we didn't like about the stock and its surroundings, todays action really didn't come as a surprise.  Now is not the time to chase 9ema bounces, there is plenty of other plays forming.   Hard to tell now how TRT will react.    

Be smart, the market is only going to get thinner as we head into Wednesday trading.  If your stock exceeds expectations it might only be an illusion and not your trading prowess, same goes don't freak and SOS DJIM if the stock of choice does not meet your expectations...the spreads, the volume allow for a lot of trickery as we finish off the week.....

CMT mentioned around these parts since earnings,  put in a nice candle for the day. Let's see what this close brings tomorrow, if it holds early this type of thinster making a NCH has the makings of something that could bring traders in.

Chinese stocks... the likes of BIDU, GRFF, HMIN are definitely across a few trading desks this week providing a volatile trade.

Traditionally, this has always been a good week for traders.   With a shortened trading week and many people left for holiday, there's really not a lot of action going on, unless of course you knew which buttons to push.    This has always been traditionally a good week for small caps.   Less trading volume means the retail traders can push some thinly traded or low float plays around.    Well, we think there's not so much of a difference between a retail trader or an institutional trader anymore.  You can either be a professional retail trader or an amateur institutional trader.  Either way, we all balance each other out in the heat of the action.      Today we had some consolidation among some of the runners from last week and we also had some new breakouts and follow through from some plays as well.    It's never a dull day in November's as we say.    Here are some highlights...

HMIN,  it's definitely one of our favourite stocks today as basically the whole Chinese theme is just getting more momentum one play after another.   This one definitely broke out today and we added a few to anticipate some further upside. This one was a DJIM alert mention as a watch off earnings last week and again today.

GROW, talk about a stock that just wouldn't give up any gains.   Once the traders figured it wouldn't go down, the natural instinct is to bid it up, without hesitation.

EFUT, what a late day run it had.   If you are quick enough, then you'd probably caught a couple of points off this already.  It's interesting to see how this one plays out tomorrow, but the probability is high that it'll have a run some point over the next few days.    Again, this play has absolutely nothing to do with fundamentals, purely demand vs. supply,  traders against traders kind of deal.   We pointed EFUT out last night as a trademark play for this week.

EXLS, we are using the opportunity today to add back some on weakness.   We feel that it's a matter of time this one gets some good action going forward.

ZOLL made a move to last weeks highs before retreating...hey its TKG week and you can get nice advances on average volume all over the place.

RIMM, the big firms are trying to outdo each other. Last week, it was UBS with a $160, today it was MLynch with a $165 target.

TRT, If this was a reco. before the open and if you bought the reco. you really have to question the timing and if you're being toyed with .  Unfortunately the same that chase ruin the day. This was the case here as TRT ran out of gas.

What's so odd about this week is that we are actually coming into this week with some huge gains off this market... it really makes this week kind of unimportant in a way.   But of course, there are always those who haven't made most out this market last couple of months and are dying to make it up somehow this week!

Up until this point, we have to say that we got more than we bargained for during the last few weeks.    Market has been extremely good and we had no shortage of good runners and a few super runners.   A quick glance at BT's charts, DJIM list#13 from last weekend and you see what a week DJIM had.  We introduced some new blood at the open during the week, EXLS, ZOLL to go with the GMKT, EDU, DLB, GROW, EFUT, AAON, ATNI already on the DJIM list from last weekend. These days are the reason why we trade, this is also why we have no problems going 100% cash when our gut tell us to.  Animal instincts, pile a stash for the harsh weather.  Some of these DJIM stocks definitely need to consolidate but new opportunities are popping up left and right,  so it's best we/ you do not have your cash wrapped in something not participating or moving. Thanksgiving trading week could add some fuel to the fire, this is why we've kept the charts of EFUT, CAAS up for more trading opp's...maybe this is the week...You see when the gnomes leave for turkey, the retail kids like to take charge of the house on a few names and run them up...basically taking a turkey and stuffing it with MOMO for a day or two.   A good chance is the theme of the C-team, China stocks continuing on.  Many of them provide a nice float to move.  You spend lots of time trading and learning and going through countless emotional roller coaster throughout years of dealing with this market.   Thankfully, a month like this would make all the hard work you've done in the past seem worthwhile.      We are going to highlight just a few stocks that stood out going into the weekend concentrating on the Asian theme.

JST, we played this stock a while ago and someone lit a rocket boost behind it on Friday.    Is this all because of the asian theme?  We definitely think so to go with the earning thrown in.    What may added fuel to JST is the IBD rating and it's not a total surprise to see it show up on IBD 100 this weekend, #73.  Unlike the other IBD plays floating around in the last few weeks, MEK BTJ ALY,  we think JST may have some more momentum to go.   Why?   JST is not oil dependent, and it's in a sexy region!  This is something we pointed out Monday, a look from the oils to China stocks, well now its spread to Japan a bit.  But most importantly from the trading perspective, it's being discovered by momentum crown based on its volume on Friday.    Ok, so momentum doesn't go up one day and die down the next day and we definitely don't think JST is one of those one day wonder either.    How are we gonna play this one?   The bias is definitely on long side and we will be trading it aggressively. We are also seeing a trade around CHDX and BIDU, primarily we are interested in the CHDX action.

MR, if the earning reaction isn't exactly explosive, then we can say that we are glad that the earning thing is over.    MR went up on its own Friday and had a NCHigh after being mentioned early in DJIM Alerts.  We like this one very much and added on its advance. Again...why hold a stock into earnings, better to have free cash and possibly dig up a EXLS the same day. You can always buy the MR back, we've been doing it since introducing it late September at 16.40. It was a frustrating stock at times but now up 30%.... it's all forgotten with the possibility of more on the horizon!

GMKT, hit $25+ Friday after getting a DJIM headline November 9th has provided many opp's to enter in the 19's-20 since. Late last week buying the dips was a buying opportunity as well.  The stocks price and daily volume keep riding the tide... higher.

TRT, this might as well be a foreign stock as it does the majority of its business in Asia. The stock has been in a tight range since exploding off earnings with DJIM in tow from the $12's. The thin market might be the right recipe for another leg up this week. Although a quick dip to the 9ema is a possibility with TRT, a  potential buy point again. The other choice is to buy a confirmed breakout which is not far off either. Volume is key here, both ways. You want it slow and easy to the 9ema, you want it hard and fast into the high.

Jon/Demi

Even though this market seems like it's going up forever, we still have to remember the good habits of being a disciplined trader.   Some stocks, are simply overextended, whether you like it or not.   We are not saying to get rid all of our shares and wait for a nasty pullback.   What we have been doing is paring back our position sizes as the stock goes higher.    This is simply a good habit because you are constantly in a good flow of things.    Going all in into a position and going all out all at one shot would not smooth out the trading results.   In fact, it's just more stressful when you trying to nail the bottom or top with a one shot deal.     In a rising market, it pays to buy stocks on a 9 ema pullback.    But more often than not, a strong stock will simply not pull back to the 9 ema level.   What can we do then?   We buy break outs!   Anytime a stock takes out the previous high, there's a good chance a rush of buying and new money would follow through, and it works extremely well in a rising market.   This is why we are putting up alerts of this nature of DJIM stocks as they come to this stage.  How about the EDU, GMKT, TWLL just the past few days!  Come to think of it, we are probably responsible for many new 52 week highs in the past. ;)    Here we go...

ZOLL, we can conclude that this stock is being discovered.    Well, many of you have probably known this stock for a long time but we are sure not many expected this kind of reaction from its report today.    Valuation was way cheap for this stock at the beginning of the day, and what follows is traders bidding up on a good report in a very forgiving and generous market environment.    We can guarantee that if this happened in July, it'd probably go up no more than a couple of points.

EXLS, this is an IPO that came out with what we considered as very good earning.   Again, this stock is in play as of today and many traders will have it on their list as the top candidate.    The trend, of course, is to the upside. We didn't write a novel with morning goggles on for something we didn't consider a good bet. With it we provide the thinking behind of what could and what could not happen. You need to cover all the angles and we try to show our thought process.

GMKT,  just last night we said ...keep cool, think of buying the dips....ok Briefing, we know that you can pump a stock.   This sort of thing happens way too often and it's almost expected after we get into a sexy play.   Coincidence?   We'll just have to think of it as that way for now. lol

GROW, we hope most have taken a nice chunk of gains out of this one today or yesterday.   Is it topping out?  Who knows and who really cares at this point?  After all, we made the most out of the 31% gain in less than a week.    Trade this one with caution and there's always plenty of fish to catch in a market like this.

There are definitely lots of other stocks that are looking good today and we are not going to get into specifics with each one.   The bottom line is, we are taking the opportunities to take some gains off some of the huge winners and paring back some position size.   We are still very optimistic about the trading opportunities and the overall mood of the market.   New plays are popping up everyday and we are not slacking off just because we've done well recently.    Keep focused and disciplined, all the effort we put into trading these days will be well worth it when a bad market does eventually roll around.

Cheers'

We've had great success in the IPO market market, following the likes of EDU, TWLL, MR, SNCR and trading the likes of RVBD,DIVX in the tech field from scratch. We are throwing a new name out in Exlservice Holdings (EXLS) based on its report.  It is easy for a IPO to show growth in year over year comparisons, why else would they have gone to market unless they are showing very good growth rates the big boys will like.  EXLS has done this with 35 Mln vs. 18mln revenue growth, .19 vs .5 c EPS, but the thing the got our attention is the guidance for another excellent Q.  EXLS is projecting to do about 118 mln in revenue for 2006, this equates to something like 36mln next Q which is in line with this Q's after management said this one had benefits that would not continue.  There is an acquisition tossed in most likely this year, so what...thats a good thing.  Next Q the revenues ramps to this Q's, the benefits most likely excluded.....It's good enough to give this co' a second look, today or down the line.  Net income is projected to be 4-5mln next Q, this after a Q with the benefits in tow is quite respectable, putting the EPS in the mid teen to high teens again.  IPO's are difficult to cut and sometimes difficult to trade initially right after earnings, the reaction of the market is hard to gage as we saw with EDU. They spiked it down after what looked like a stellar Q, well we all saw the comeback and more to the $34's yesterday with it. There is just too many unknowns with the functions that come with the IPO, including potential profit taking after the run into earning which seems to be more common lately with IPO's than the usual suspects....so let the market tell you today..or down the line if this a good deal.  Some stocks you waste no time getting in as in a AAON, ATNI, which are just plainly under radar initially, others well knowns that get bid up with a gap aka DAKT are better to let settle on earning day before getting in.  

What does this co' do?..this DD is irrelevant and a waste of time at this point for us. It's got holdings in its name. Assuming they hold things is sufficient...okay, we actually looked..EXLS is a BPO.. whatever!. hey a Park Avenue address..that's more interesting;), they can pay their rent most likely.  Yeah, we do funky DD work around here..oh yeah, the chart is quite the funkster too...

We also looking at ZOLL, Zoll Medical Corp. as a possibility. RIMM gifted another price tgt lift, this time 160 from UBS...Markets a little happy premkt, day 5 here we come it seems..

Hey..the 'Big Hurt' is a Jay!?   ...WSeries here we come...NOT!

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Take some profits!    That's what we have been doing with some of our holdings today, bet you were too. Those gains in GROW, EDU off the breaks are hard to ignore and not pocket.  Why now and why not tomorrow or yesterday?    Well, in fact, we have always been taking profit-points here and there and taking profit has been a big part of our trading strategy.   Simply put it this way, when you have millions of dollars of merchandise, the most logical action is to take profit into strength.    At least that way, you'd appreciate the kind of work you've done during the last little while.     Ok moving on with some action...

EFUT/CAAS,  Ok, in case you haven't noticed, these aren't the typical DJIM holdings and they belong to the "euphoric trading arena".   Those that remembered the mkt in the hay days, this kind of play isn't uncommon.   The key is, know what you are dealing with.    CAAS gave a second jolt yesterday into the $11's, everyone had time to exit off Tuesdays premkt watch from as low as 8's.  EFUT, like we said last night...somebody else's now. It was here since the riot started, not our problem now.

GMKT, it took a few days of consolidation to get a move like today.   If you think the move is unconvincing, don't sweat it.   The stock is definitely on a right path and use the dipping opportunity to trade this one higher.

EDU, very very powerful move the whole week and again, we are letting some go here as per note in DJIM alerts.   This is not to say that we think it's done moving up but we just want to protect what's already ours.  MR has earnings in the morning, so we have let this go the past 2 days in reaction to this event.  We're sure these will be back in full on our books, shortly.

GROW, whatever the management did in their recent cc, it's working.   Maybe the stock will get to a level for a split to make sense.     Again, this one has a tendency for pullback so we are trading with the action accordingly. A little extended off the break at 38's(earning day high), so we reduced quiet a bit.

FSYS/SRVY, these two perked up a little and are setting up nicely and we are watching closely.

TWLL, though no complain about the chart move here, the only question we have is why it didn't move the last few days when the mkt was basically making new highs every hour. Like TWLL's today, we're just not that excited with the most recent breaks in the likes of UCTT, SNCR  and think its a good time to reduce exposure in some of DJIM tech names.

USAP, this one had a very nice report a while back but we didn't bother playing it.   It broke out today and we are following with some action too.    THS, the same. 

Order of the day for us was definitely profit taking, we have taken some profit more aggressively today than the last couple of days.   Since we've had just so many winners in our accounts recently, and with new ones popping up every day, it'll eventually get to a point where we can not look after each play constantly and at all times.   So in order to avoid a situation where a general mkt pullback occurs and you are still heavy with your positions, we decided that selling some huge winners here, aggressively,  is a good idea.  There are new set ups forming and we are looking for those lagging a bit to make another move.  We're not negative on the market, we just think we all should take an early Xmas bonus when it's handed to you.

most of the day big time....You know you're in a groove when AH a DJIM neglected shoots up 20% as you're about to call it a day. Only this afternoon TRMS was setting up after a great EPS. Everything else has been so hot, this one has been placed to the side as it consolidated.  We thought TRMS had the earnings and a story to go with it, today management decided to reveal a new direction...the story behind the new found EPS strength....You also know things are going for you when you're not scouring for the next EPS gem, pre market or AH. Why?...Because we already have them for ourselves and DJIM readers since their first trade after earnings!. Has anyone noticed AAON (nice day), ATNI are probably up 20% since getting space on DJ Journal.  Not bad in a week to two.  A lot of you love the juice of the runners, the EFUT, the CAAS's but for a complete healthy diet, we strongly recommend only one thing around here ( besides not holding into earning).  That is spread yourself out a bit, one day you'll get flushed by a runner and you won't have anything to buy these crawlers with. To us they are crawlers, to the funds that accumulate ...these are sound investments.  The daily speed might not be there for you, but the gains of 25+% in a month, a quarter is nothing to sneeze at. We doubt many places can offer you the experience of finding, trading the momentum stocks as well as the ones your financial advisor might find suitable for your family book. The best thing is we hate "RED" and avoid all to see such in one of our buys. The worst thing we could ever do is procrastinate, its not extensive DD'ing, its the action, the volume that gets us in most stocks. The time lapse between finding something we like and the time we pull the trigger, is quite short... but this doesn't mean chasing a stock without getting the 'feel for it.  This is how we avoid the "RED".  It is also the confidence in seeing and doing it all over again. This is the same confidence that rubs off on many readers of DJIM that have been with us for what is probably 3 years now.  BT is one of them we're happy to say. Charts paint a history, the stocks characteristics are embedded. This is why we recycle,(TRT most recently) our hitlists/ watch lists rarely take up more than one screen to get the job done.     So what happened today........Confidence, experience told us we'd have probable gaps for EFUT and CAAS...we've seen it and crazily feel it sorry to say..lol..we have no life...Its never too late to buy in the last 10-15 minutes, it is actually the best time for us in adding a position.  CAAS was $10.30 or so when we said a gap was probable, a gap is not the thing you see only in the morning open.  It is a stock running to 11.70 AH as well.   EFUT, we were confident in putting it up back to back on closes at DJIM.  We said this was something else, tonight we're glad to say its someone else's.  This is not the bread and butter of DJIM, we wrestled the idea of even mentioning it Friday..but felt comfortable with the gap idea end of day.  A $2 track or lotto ticket is all we would place on it short term as of this afternoon(MC).  Incredibly the insanity of watching, dealing with EFUT didn't take away from watching, trading other DJIM stocks. The super ninjas muscled out their cheaper cousins, the C-team of Chinese stocks. EDU, MR outclassed the bunch and finished the day with NCH's..each up about 10% at the highs. There was GROW getting the 'volatility' management just loves;)...DLB a quiet 3%, TRT unfortunately gave up the highs..guess its best to see the charts for the rest of the story of the happenings around here...oh AXR recently mentioned as part of DJIM A-team with AMIE, APH (back to $69), we were a little too full today to enjoy this ride, hope some of you caught it!