Looks like a flat opening this morning. Of course I’m expecting the bulls to try to push the market to new highs today, with it being month-end mark-up time. So I’ll be watching the action around yesterday’s highs like a hawk (assuming the market gets there).
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: SNDA -14%, APOL -13% (guidance only; down in sympathy: CECO-4.1%), GVHR -15%, HSP -12%, CYD -11%, KG -8.2%, DVSA -7.1%, WMB -7.1%, SAFM -6.3%, NUVO -4.2% (also Brean Murray downgrade), HNZ -4.1%, KONG -3.6%, VCLK -2.2%, SNY -1.7%… Other News: ASVI -7.4% (postpones earnings release), AGEN -5.3%, MLNM -3.7% (JP Morgan downgrade), ELNK -3.6% (CIBC downgrade), ABB -3.4% (profit taking after recent momentum), AFFX -3.3% (in an 8-K, co notes concerns about timing of the 500K product reorders; also the market for whole genome mapping products has temporarily slowed), MRGE -2.5% (RBC downgrade), BIDU -2% (CIBC initiates with an Underperform), ELN -1.7% (negative Piper comments), VLO -1.5% (BofA negaitve on refining stocks)… Under $3: ISON -8.5%.
Gapping Up
Gapping up on strong earnings/guidance: BOOM +11%, VPHM +5.4%, TNOX +5.3%, CRDN +4.4%, VRX +2.9%, ESLR +2.5%, SPLS +2.2%… Other News: SNTS +4.6% (receives FDA approval for Zegerid), OVEN +4.2% (signs deal with HMS Host), SHW +4.1% (Cramer says sell-off was overdone), CHK +3.9% (to replace DCN in S&P 500), STAK +6.3%, QTWW +2.8% (partners with Nissan), AGR +2.4%, MVL +2.3% (JP Morgan upgrade), GOOG +1% (reports of a deal with Sony Ericsson), AAPL +1%… Under $3: CVM +10%, DCN +7.3% (extends yesterday’s 18% run), CHTR +7% (reports Q4), GNBT +2.9% (bird flu conf continues), JDSU +1.7% (Roth upgrade).
Disclaimer & How I use this list
