We’ve got another flat (to slightly down) open today. I think the one thing to watch today is if the S&P 500 can breakout above its 2006 high. It did for a second yesterday but fell back.
Don’t forget that both oil and natural gas inventory reports are being released at 10:30. That should be a market moving event since oil has been having such an influence on the stock market of late.
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: MMUS -33%, AMED -20% (also Jefferies downgrade and OpCo downgrade), RTRSY -11%, BFLY -10.5%, HURC -10%, KOSP -8%, SINA -7.7%, NVTL -7.1%, DCEL -6.8%, CPHD -5.5%, SBL -5%, CENX -4.9%, CRM -4%, ESRX -3.9%, PXT -3.5%… Other News: SHW -2.6% (FTN Midwest downgrade; Credit Suisse suspends rating), AKAM -2.4% (Piper downgrade), SGP -2.2% (Bear Stearns downgrade), ATYT -1.5%, EK -1.4% (mentioned in NY Times re HPQ photo printing biz), ERS -4.3%… Under $3: GTCB -54% (says European committee negative on Atryn).
Gapping Up
Gapping up on strong earnings/guidance: ICTG +11%, NCTY +8%, BWNG +6.4%, TISA +10%, TMS +4.7%, LTD +4.7% (also Stifel upgrade), VIAC +3.7%, TOL +2.3%, GW +2.2%… Other News: FNM +4.6% (Rudman report released; see earlier comments), MYL +6.8% (announces tentative approval for Carvedilol Tablets), IVAN +19% (pursues US listing for its China operations), TTP +11% (extends yesterday’s 25% move, +180% since mid-Dec), LNUX +9.5% (extends 100% move in 6 days), WILCF +8.5% (announces IPO of subsidiary), SPPI +6.2% (collaborative agreement with PRX), MSO +3.4% (extends yesterday’s 14% move), ICI +3.3% (recovers from yesterday’s 4% drop), WTZ +2.9%, OSIP +2.8% (SunTrust upgrade), SSTI +2.7%, RMBS +2.6%, AQNT +2.6%, A +2.3% (Mad Money mention), SEO +1.8%… Under $3: NGRU +28%, PRGX +10% (receives Nasdaq exceptions from certain shareholder approval for its exchange offer).
Disclaimer & How I use this list
