Today’s a summer Friday so it should be a really exciting day. 
Actually, there are a lot of interesting gappers this morning so maybe the action won’t be too dull today.
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
NBIX -36% (Pfizer terminates indiplon collaboration; also Citigroup downgrades to Sell), SNRR -19% (CEO takes leave amid accounting probe; CFO resigns; OpCo downgrade), SIX -18% (to explore strategic alternatives for 6 properties; cautious guidance; at risk of not meeting debt covenants), XNL -9.6%, APC -8% (to acquire WGR and KMG), RNWK -7% (extends yesterday’s 10% drop), QCOM -3% (JP Morgan downgrade), XLNX -1.9% (receives informal SEC inquiry on stock options), TIE -1.7%… Mining stocks are weak on heels of a healthy Durable Goods report which is causing a dollar rally: HMY -5.4%, GFI -4.1%, BHP -3.1%, AUY -3.1%, EZM -2.7%, AAUK -2.9%, RTP -2.2%, CDE -1.9%, GG -1.6%, SLV -1.5%, GLD -1.1%… Under $3: PXPL -18% (Jefferies downgrade), DOVP -15% (in sympathy with NBIX as DOVP has a royalty stake in the drug), PRZ -3.9%.
Gapping Up
WGR +46% (to be acquired by APC), KMG +37% (also to be acquired by APC), SGY +3.7% (to be acquired by EPL)… Merger mania is driving up oil & gas stocks as sympathy plays: DVN +6.2%, PXD +5.9%, CNX +5.7%, NBL +5.3%, SWN +5.3%, ACGY +5.3%, PDC +5%, CHK +4.3%, EOG +4%, TMY +2.9%, BRG +2.7%, XLE +2.4%, ECA +2%, SLB +2%, GW +1.9%, EGY +1.7%, HOFF +1.7%, THE +1.5%, BMD +1.3%, OIH +1.3%, BP +1%… Other News: PPCO +31% (confirms that ENDP +13% receives FDA approval for Oxymorphone), ORCL +1.7% (reports MayQ), SLR +6% (reports MayQ; BMO Nesbitt upgrade), CPAK +28% (reports Q4), SEPR +4.8% (Lunesta clinical data), PARL +3.5%, UVN +3.4% (says $10.7 bln offer is not enough), CI +2.9%, MED +2.1% (bounces after 22% drop yesterday), HGSI +2.1% (Deutsche initiates with $17 tgt), AMD +1.7%, RAD +1.2% (bounces after 8% drop yesterday, Cramer positive on stock)… Under $3: GENR +13% (receives patent).
Disclaimer & How I use this list
Mike, I was hoping you could look at SBUX for todays trading session and show me how you would trade this stock. I got in today at the $36.25 breakout but my stop was too tight (ts.05) and I got stopped at $36.38. Specifically, provide when you would change your TS.