The futures are basically flat this morning so there’s not much of a hint about our early direction. However, on any rally attempt I’ll be watching the 50-day moving averages on the S&P and Nasdaq for resistance and opportunities to get short.
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
BCSI -31% (guides well below consensus), CBI -21% (fires C.E.O. and C.O.O. relating to internal accounting investigation; says previous guidance no longer operative; also Stifel downgrade), HUN -9% (ends discussions on sale of co) GKIS -6.5% (reports DecQ), INSM -5% (files shelf registration), FORD -3.8% (extends Friday’s 12% drop), NT -1.9% (Citigroup downgrade), CAAS -1.8%, SBUX -1%, GS -1% (European banking chairman to leave the co – Reuters)… Under $3: ONT -17% (C.E.O. resigns), HIV -11% (Amex starts delisting process).
Gapping Up
Gapping up on earnings/guidance: RDCM +14%, ANAD +5.3%… Other News: JILL +23% (to be acquired by TLB), SIFY +15% (co expects first ever profit in Q4 – DJ), CRGN +12% (Piper upgrade), YMI +7%, GT +5% (mentioned positively in Barron’s Online), RHEO +5% (bounces after 68% drop on Friday), SUF +4.9%, TTWO +4.6% (private-equity firm may make bid – NY Post), HEPH +4.3% (Massachusetts may be interested in Neumune drug – DJ), THOR +3.8% (Lazard upgrade), PALM +3.8% (Mad Money mention), CTRN +3.8% (CIBC raises tgt to $54), MU +3.4% (Citigroup upgrade), FEIC +2.9% (Carl Zeiss may buy co – Dow Jones), ERTS +2.8% (Mad Money mention), SFCC +2.6% (Goldman Sachs discloses 9.6% stake in co), RIG +2.5% (awarded large jackup rig program in India), AL +1.4% (JP Morgan upgrade)… China/Asian stocks still showing momentum: CESV +9%, BBC +5.7%, JADE +5.6%, REDF +4%… Under $3: LOUD +9%, IVAN +6%.
Disclaimer & How I use this list
