Hmm, the futures (or at least the QQQQ) have really rolled over in the last 45 minutes…
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
XLNX -11% (guides lower; down in sympathy: ALTR -1.6%, BRCM -1.3%), DPH -48% (files for bankruptcy), DCN -28% (to restate financial statements; withdraws guidance), GM -3.4% (BofA downgrades to Sell; in sympathy with DPH), FLIR -16% (guides below consensus), UIS -7.8% (guides Q3 below consensus), GDYS -4% (confirms it will be acquired), FWLT -1.8% (to launch an exchange offer), GSK -1.3%.
Gapping Up
TAYD +17% (earthquake in Pakistan), AGEN +13% (positive clinical data), MXO +13% (positive Barron’s story), BCRX +11% (continues to find interest as bird flu play), HOM +10%, NGS +10% (maintains #1 slot in IBD rankings, short squeeze), AOB +8% (listed no. 1 on IBD Top 10 stocks under $10), FPP +8% (extends Friday’s 15% move), ENWV +7.5% (Wood River Capital discloses large stake; Lehman suing hedge fund), JP +7% (to merge with LNC +1.5%), PDCO +5.2% (added to S&P 500), THQI +3.6% (UBS upgrade), LEXR +3.4%, CRXL +3.2% (Merck exercises option; also a bird flu play), FDG +3% (Mad Money mention), BTU +2.9% (same), SIRI +2% (FBR upgrade), IBM +1.9% (Citigroup upgrade), MRK +1.9%… Under $3: HEB +11% (signs HollisterStier to produce Ampligen), ENMD +9% (clinical data), CTIC +7% (announces commerical launch of Zyflo).
Intraday Updates:
- 09:38 YHOO, EBAY and GOOG are strong out of the gate. Looks like somebody’s going shopping for some internet plays
- 09:44 nice surge over the 200 DMA by YHOO. But can it close above that line???
- 09:52 The SOX is getting crushed so far today — down 2.4%. Can’t expect much on the upside from the Nasdaq with the semis getting hit like that
- 10:13 I was just telling Duru that this feels like one of those whoosh/flush-out days
- 10:15 PIXR could be a interesting short if it falls back under its 200 DMA
- 10:20 What a disaster in RFX… a recent IPO drops news like this???
- 10:45 The Nasdaq’s doing a good job of bouncing back but the SOX is still down more than 2%…
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