Given the pre-market weakness it looks like the Dow is going to have a very short stay above 11,000. I’m always concerned when stocks rally into earnings season and we’re beginning to see some earnings reports come out. It should be a very interesting few weeks as the flood of reports begins.
I usually don’t follow the Dow but given all the hype and excitement over it reaching the 11,000 level I’m going to be paying more attention to it. I think that if it starts to roll over it very well may take the heart out of the bulls.
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 guidance: RRGB -17% (also KeyBanc downgrade), LPNT -12% (also Deutsche downgrade), CGNX -10%, PD -9% (down in sympathy: PCU -4.3%, FCX -4%, AAUK -3.2%, GLG -3.2%, NEM -1.4%), ENDP -3.8%, GENZ -2.1%…. Other News: CSCD -7.2%, LPTH -6.3% (profit taking after 156% move yesterday), HMC -5% (Nikkei dropped sharply, also TM -3.1%), AA -5% (reports Q4; UBS downgrade), SPIL -5% (Merrill downgrade), SUF -3.8% (names new C.O.O.), SFCC -3.7% (to relocate headquarters, announces CFO transition, will respond to informal SEC request), SPSS -3.4% (Baird downgrade), ALKS -3.3% (started with a Neutral at OpCo), ELP -3%, UTX -2.6% (CSFB downgrade), PLAB -2.4% (Morgan Stanley downgrade), NVLS -2.2% (Morgan Stanley downgrade), NOK -2.2% (resolves dispute with Kyocera), RIMM -2% (CSFB downgrade), ASML -1.9%, KLAC -1.5% (Susquehanna downgrade), RMBS -1.5% (profit taking after recent move), TXN -1.3%, SNDK -1.3% (cautious comments from JMP)
Gapping Up
PLNR +31% (guides higher), OVRL +30% (guides higher), HUG +18% (being acquired by HD), WFII +12%, BABY +8% (Soleil upgrade), MSA +6.5% (Mad Money mention), DYN +6.2% (JP Morgan upgrade), MIVA +6% (to explore strategic opportunities), GRZ +5% (momentum), EVVV +4.5% (reports Q4 sales), ISPH +3.6% (announces European orphan drug designation), BCRX +3.5% (more bird flu headlines from Turkey), CEPH +3.5% (settles litigation with Mylan), GTK +3% (Italy’s De Agostini is set to buy GTK — Reuters), ENER +2.5% (Mad Money mention), SNDA +2%, DNA +2% (reports after the close), FORD +1.9%, HGSI +1.6% (guides higher), AMD +1.4% (Piper upgrade), MRVL +1% (Mad Money mention)… Under $3: TBUS +12% (announces order), NENG +10% (appoints former NOK executive as C.E.O.), AMRN +9% (clinical data), BFLY +9% (guidance), CHTR +6% (Goldman upgrade), CNXT +6% (Cramer raises his tgt to $3.50).
Intraday Updates:
- 09:43 Wow, they are slaughtering RRGB! look at how it wied out all of that impressive recovery it had over the last few months
Disclaimer & How I use this list
