The bulls are apparently loving the December jobs report based on the post-report pop in the pre-market futures. We still haven’t gotten any stochastic buy signals (based on my settings) but that may very well happen today if this early rally holds. I have a ton of stocks on the swing list today but I won’t be trading any of them. Those of you who have been reading this site for a while know that I avoid earnings season like the plague. It’s right around the corner once again — a week away. Given that earnings warnings are starting to be released I don’t want to be caught holding the wrong stock over the next week. So I’ll probably just look for day trades for the rest of the month.
Currently holding:
Long – None
Short – None
Looking for swing trade entries in:
(no swing trades for me until after earnings season)
Longs – BYD, CBRL, GCO, GPRO, IFIN, IPS, ISRG, ITG, KMX, MVL, RECN, SBL, SWFT, UNA
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down
UTSI -18% (cuts Q4 rev guidance; Smith Barney and BofA downgrades), TASR -11% (announces informal SEC inquiry), FORM -10% (lowers Q4 guidance), CACS -7.8% (guides DecQ revs below consensus), BRCD -4.3% (to restate financial statement for 2002 and 2003; 10-K filing delayed), KOSP -3.6%, BEBE -2.6% (First Albany downgrade).
Gapping Up
Stem cell stocks continue recent momentum: GERN +4.6%, ASTM +4.4%, STEM +3.6%…. Other News: RFIL +23% (reports OctQ), SAP +2.8% (strong Trading Europe after co was added to JP Morgan focus list intraday yesterday in the US), DCLK +6.8% (guides above consensus), VAST +44% (to be acquired by JPM), WSCI +33% (reports NovQ), WSTF +20% (reports OctQ), STEC +16% (guides Q4 revs above consensus), IDXX +6% (to receive European approval of BSE postmortem test), ANTP +5.9% (momentum stock adds to 12% gain yesterday), AQNT +4% (in sympathy with DCLK, also Piper positive comment), OXGN +3.4% (plans to move CA4P into later-stage clinical studies)…. Under $3: TRPH +28% (chosen to power Panasonic’s new auto units), ISO +19% (names new CEO), VOCL +10%.
