Hmm, I may not have to worry about those potential longs I found last night triggering given this morning’s weakness. We’ll see if the buyers step up and trigger any of my entries. I’ll be keying off of yesterday’s highs — especially on the S&P 500.
Oh, don’t forget about the always fun & exciting oil inventory report at 10:30…
Potential swing trades:
Longs: ARA, CHRW, CIB, CMI, CTSH, FAST, FFIV, GGB, GILD, GYMB, MW, NTAP, NTES, SIRF, TELK, TRN
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: DESC -18% (also Merriman downgrade), TECD -12%, FMCN -7.5%, DYN -4%… Other News: SNDK -4.1% (LEXR/MU merger creates a stronger competitor), INFA -5.8% (announces convertible note offering), CPHD -4.4% (prices offering), ABB -3.5% (profit taking after recent move), NT -7.2%, BOBJ -3%, GOOG -2.8% (inadvertently publishes outdated projections on its website), BAB -2.6%, NBIX -1.9% (Phase II study in MS did not meet its primary endpoint), WTW -1.5% (prices offering), AMD -1.5%, BRCM -1.1%… Gold/Mining stocks are weak as gold prices are under pressure again today: HMY -6.8%, SLW -6.1%, BGO -5.4%, GFI -4.4%, AAUK -4.2%, GG -3.7%, HL -3.4%, CDE -3.3%, NEM -2
Gapping Up
Gapping up on strong earnings/guidance: GMTN +36% (also short squeeze), MATK +11.4% (also First Albany upgrade), IFO +1.7%… Other News: EMKR +14% (announces volume production of packaged APD products), BKRS +8.5%, ENTU +6.8% (to secure Spain’s national electronic identity cards), URBN +4.1% (Citigroup upgrade), WCG +1.5% (prices offering)… Mad Money mentions: AMCC +9.5%, FLIR +3.6%, NT +2%, GWR +1.7%… Under $3: TSYS +21% (awarded patent), EONC +7.3% (momentum), GNBT +6.4% (positive clinical data), MBAY +5.7% (momentum).
Disclaimer & How I use this list
Interesting. FFIV and SIRF showed up in my long scans, too, but I nixed both of them because the sector and the market (COMPQX) are heading sideways-to-down.