Watchlist for February 9, 2006

I saw a lot of bullish candles in my scans (a ton of hammers in the energy sector) this morning which isn’t surprising after yesterday’s action. The Nasdaq and S&P 500 stochastic indicators have both flashed buy signals. Both indices have a bit of resistance to work through but without any (negative) catalysts I could easily see them drifting back to the top of the trading range.

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: ERES -15%, MGPI -19%, GTI -13% (guidance only; JP Morgan downgrade), LPTH -7.8%, KSWS -7.5%, PMTI -5.9%, CHTT -4.8%, QSFT -3.9%, ACL -3.4%, WFMI -3.2%, ICOC -3.1%…Other News: REDF -8% (Cramer says he would take profits), SIFY -4.6% (profit taking), CTDC -2.9%, EXBD -2.4% (Lehman downgrade), GM -1.8% (UAW negotiations stall over restructuring at Delphi – WSJ), AVT -1.6% (prices offering, Cramer negative), CDY -8%, OMN -5.5%… Under $3: MCZ -22% (reports Q3), GTW -4.4% (C.E.O. resigns).

Gapping Up

Gapping up on strong earnings/guidance: BBY +9% (guidance only), ARRS +20% (also Morgan Keegan upgrade), AMKR +19% (also Deutsche upgrade), MATK +13% (guidance only), AKAM +11% (also Jefferies upgrade), BRG +8.5%, ACLS +7.7%, SNIC +7.7%, SYT +7.4% (also Mad Money mention), SPIL +7%, CTSH +6.9%, ALV +6%, EDS +5.8% (also Jefferies upgrade), ASTSF +5.8%, TSCM +4%, AET +3%, BCRX +2%… Other News: CRY +17% (gets FDA approval), XMSR +6.8% (signs 3-yr deal with Oprah; Stifel upgrade), ARDI +5.8% (announces deal), PGIC +4.9% (announces best debt position in 7 yrs), CHINA +4.5% (announced game metrics), MSPD +7.7%, TOMO +4% (bounces after 11% drop yesterday), RIMM +3.8% (announces contingency plan for BlackBerry customers), AMED +3.8% (Raymond James upgrade), AMCC +3.6% (amends Q3 results), SUF +3.4%, ALDN +3.1% (announces deal with RSAS), UVN +2.8% (extends yesterday’s 12% move), UARM +2.6% (bounces after 5% drop yesterday), BOBJ +2.5% (to acquire Firstlogic), SBUX +1.8%… Mad Money mentions: VTSS +14%, AXYS +9.4%, EDO +4.6%… Gold/mining stocks are strong: SSRI +6%, AU +5%, BGO +4.2%, GFI +4.1%, DEZ +4%, GG +3.2%, CDE +2.8%, KGC +2.7%, NEM +2.1%… Under $3: GTCB +8%.

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