We’ve got some strength in the futures this morning. Both QQQQ and SPY are trading a hair below yesterday’s highs. I want to see those highs taken out and then a series of higher highs & higher lows on the intraday chart before I become a buyer.
Potential swing trades:
Shorts: None
Longs: CSX, CTXS, FLR, GRMN, LRCX, MAN, MOLX, MTW, N, NOK, PH, PLXS, SWFT, SWIR, TRN, TXT, VECO, WFMI
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
JRJC -34.2% (reports Q1 results); PALM -2.6% (downgraded at Bear Stearns); MNRO -2.3% (earnings report); JNPR -1.7% (announces it received a request for information related to stock option granting); ICE -1.1% (initaited with a Neutral at BofA).
Gapping Up
FRGO +52.6% (being acquired); PCOP +28.4% (announces alliance with Cephalon); DVW +8.9% (Covad and AOL to Offer AOL High Speed); CBMX +8.4% (announces deal with Northrop Grumman); SCMR +7.8% (earnings report); BLDP +6.8% (Upgraded at Citigroup); GERN +6.7% (announces publication of first in vivo data demonstrating efficacy of GRN163l); TIE +6.3% (Insider Buying disclosed in filing); ASML +5.6% (Upgraded at Merrill), JOYG +4.7% (Upgraded at Capital One); VNDA +4.5% (initiated with a Buy at BofA); HANS +4.3% (signs Mexican distirbution agreement); LSTR +2.6% (upgraded to Overweight at Stephens); MLS +2.4% (upgraded at RBC); XMSR +2.3% (Upgraded at Ladenburg Thalman); ATI +2.2% (Upgraded at Bear Stearns); RACK +2.1% (initiated with an Outperform at Piper); Indian Stocks Gapping Up: REDF +4.5%, SIFY +3.6%, MT +3.6%, TTM +3.9%
Disclaimer & How I use this list
