Watchlist for November 2, 2005

I’ll be watching the moving averages closely today, especially on the S&P. Also, we’ve got oil inventories at 10:30 today so I’ll be on the sidelines until then…

Potential swing trades:

See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

Gapping down on disappointing earnings/guidance: SYMC -14% (also multiple downgrades; down in sympathy: DRIV -3.9%), RNR -13%, JUPM -11%, UNA -9.2% (also KeyBanc downgrade), LPSN -7.7%, XPRT -7.3%, VCLK -5.4%, Q -4.6% (also announces settlement; convertible offering),  ARTC -4% (also Lazard downgrade), CEPH -2.6%, SUNW -2.1%, VIA.B -1.0%… Other News: MERQE -29% (co says Q4 will be challenging, does not provide guidance; names new C.E.O.; Goldman downgrade), SGI -18% (NYSE delisting), DRRX -9.2% (prices stock offering), NVAX -6.2% (announces stock offering), CHK -3.9% (stock offering).
Gapping Up

Gapping up on strong earnings/guidance: ZVXI +64%, RITT +19%, CUTR +19%, SHOO +9.6%, CNCT +4.7%, PNRA +3.1%, CBG +2.8%, BZH +2.6%, TWX +2.6%, ERTS +2.5%… Other News: IPMT +15% (receives increased bid from its CEO), SONS +11% (selected by Deutsche Telekom for worldwide expansion of business VoIP network), IVIL +10% (FT says co is considering putting itself up for sale), HANS +6.9% (started with a $72 tgt at Citigroup), SIRI +4.6% (momentum), NVT +4.5% (Fulcrum upgrade; Mad Money mention), EDS +3.6% (FBR upgrade), NABI +3.3% (bounces after yesterday’s 72% drop), CVC +3.1% (board oks special dividend), AMR +3% (Bear Stearns upgrade), CD +1.7% (Mad Money mention)… Under $3: CIEN +3.8%.

Intraday Updates:

• 10:15 I like this setup on the daily chart of LCAV
• 10:27 ZVXI…wow!!!
• 10:53 S&P’s bumping up against its 50 DMA…. do or die time.

Disclaimer & How I use this list