The market’s gapping up again today. Yesterday’s gap held but it got a little dicey late in the day. I’ll be interested to see if the bulls can push the indices above yesterday’s highs.
Currently holding:
Long – None
Short – None
Looking for swing trade entries in:
(no swing trades for me until after earnings season)
Longs – None
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down
Down on earnings/guidance: LEXR -31% (also JP Morgan downgrade; Down in sympathy: SNDK -7.2% which CIBC downgraded, FLSH -5.5%), PCLE -15% (also JP Morgan downgrade), RFMD -6%, SIRI -5.8% (down in sympathy: XMSR -2.1%), VTSS -5.4%, ET -5.3%, ICOS -3.6%, GLW -2.6%, SGI -9.5%….. Other News: ASTM -4.7% (profit taking after recent move), CRXL -3.4% (continues recent sell-off), NFLX -2.9%.
Gapping Up
Trading higher on strong earnings/guidance: INSP +21% (up in sympathy: ASKJ +4.9%, MAMA +3.1%, YHOO +1.9%, GOOG +1.4%), CPWR +21%, SGTL +15% (also IRG upgrade), FLEX +7% (up in sympathy: SANM +2.8%), CNCT +5.8% (also Jefferies upgrade), ENTU +5.7%, CYMI +5.7%, IMCL +5.5% (also signs license agreements with Genentech and Centocor), ERTS +3.1%, EK +3%, TXN +2.8% (also upgraded at Merrill and Deutsche Bank), ORCL +1.8%…. Other News: MSHL +25% (FDA grants Fast Track Designation for Phenoxodiol in oral dosage form), RMBS +5.2% (files patent infringement suit), NVEC +4.5% (awarded DoD contract), VIAC +4.4% (extends 32% move yesterday as momentum crowd continues fascination with stem cell stocks), FDRY +4.2% (RBC upgrade), RIMM +2.9% (WSJ discusses takeover speculation).
Good ol’ MAMA!