Dr. Brett has some interesting observations about the high TICKS reading yesterday. As you know, I watch TICK pretty closely during the day to help me figure out the ‘tone’ of the market. Early on yesterday I noticed that TICK was very strong (hard not to notice with all those alerts going off) and spent very little time below zero. Here’s the chart, note how many times it rose over 1,000.-:
That’s not a market you want to try to fade.
Anyway, the open looks to be pretty flat. I’m focusing on some of these big earnings movers that you see below as well as oil. (hmm, maybe NTRI was a short after all 
)
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: ZRAN -24% (also downgrades from CIBC and OpCo), NFLX -20%, RNOW -15%, NTRI -12%, ORCT -12%, AV -11%, LCAV -10%, UPS -9.4% (also Merrill downgrades to Sell; down in sympathy: FDX -3.3%), STN -6.1% (down in sympathy: BYD -3.3%, LVS -1%), STMP -6%, JBLU -4.8%, ATHR -2.5%, MMM -1.9%, BNI -1.5%, LVLT -1.4%… Other News: ENCY -44% (FDA withholds final approval on Thelin), ALTU -37% (two drug trials delayed), ATML -5.4% (delays Q2 report), MOVI -4.4% (in sympathy with NFLX), ERICY -1.7%, SYMC -1.5% (Merrill downgrade), SGP -1.5% (Avelox clinical data)… Under $3: CPST -9.4% (CEO resigns), PRAN -9% (profit taking after 65% move yesterday), CMOS -3.5% (to be removed from S&P MidCap 400).
Gapping Up
Gapping up on strong earnings/guidance: SNDK +14% (also Baird upgrade), DXPE +10%, ARMHY +8%, DADE +6%, ACL +5%, OXPS +4.6%, BJS +4.6%, NBR +4.4%, CNCT +3.4%, ALTR +2.9%, AMLN +2.8%, TXN +2.7%, X +2.6%, HOLX +1.6%… Other News: RYAN +40% (to be acquired by Old Country Buffet), WGRD +13% (to be acquired), ENZN +10.4% (FDA approval for Oncaspar), CRME +6.6% (extends yesterday’s 36% move), MYOG +6.2% (FDA delays approval of competing ENCY drug), ACGY +4.8% (light volume 1,300 shares), SHPGY +4.2% (announced FDA approval late yesterday for Elaprase), AVCI +4% (its largest customer AT&T reported strong results), MU +3.8%, NVDA +2% (extends yesterday’s 10% move), PEIX +1.9%, GSK +1.9%, RMBS +1.7%, LTXX +1.5%… Under $3: OSCI +22% (to buy US rights to Reliant’s cardio drug Antara; also JMP Sec upgrade, $3.50 tgt), PAE +27% (boutique firm announces $3.60 tgt), QEE +13%.
Disclaimer & How I use this list
hi !
i have a question that is not ralated to this article and seeking some suggestions. i am looking 4 affordable real time charting vendor. i used esignal in the past but i feel that it is over priced for what i do. does any one have any suggestions ?
thanks
hen
Hen,
I don’t but maybe somebody else will chime in.
Need more info. What is it that you do? What market do you trade? How often do you trade? What broker are you currently using….etc.
hi !
i trade the min s+p, dow and the euro
i am strictly intraday trader and use ib to execute my trades
any good names ?
thanks
hen
Just get trade station, its the best. And get ninja trader to execute all your orders. Plain and simple. And a Bloomberg terminal is also helpful and fun.