I'm going to stick to the script this month and take these last two days of expiration week off. The decision is easy this month given the huge rally we've had the last two days. I expect the high volatility we've had to revert to low volatility... in other words, I think we're due for some consolidation (at best). So I'll gladly step aside and let the expiration games take place without me.
Bill Cara reminds us to beware of the Philly Fed report which is being released at noon today -- another thing I'll gladly avoid today.
The gappers are below. Good trading to you...
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: LTON -12.5%, ARXX -12%, CTRN -15% (light vol 1,700 shares), GME -8.5%, BEAS -2.2%, SHLD -1.8%...Other News: TOMO -4.9% (profit taking after 31% move yesterday), MRVL -2.8% (may need to delay 10-Q; also co will not report EPS due to option probe when the co reports tonight), OVTI -2.6% (Piper lowers tgt to $19 from $31), RMBS -2.6% (receives Nasdaq delisting notice), GM -2.1% (JP Morgan downgrade), STP -2%, AUY -2% (to acquire Viceroy Exploration), NLY -1.5% (prices offering), AFR -11% (light vol: 1K shares; names new CEO).
Gapping Up
Gapping up on strong earnings/guidance: CRM +13%, HPQ +7.3% (also Citigroup upgrade), CMED +2.8%, CCBL +2.2%.... Other news: CHINA +15% (announces deal with Google), MNTA +8.6% (extends yesterday's 10% move), CWTR +6.6% (to be added to S&P MidCap 400), VC +4.6% (puts two German parts plants up for sale - Reuters), PMCS +3.1% (completes filing of 10-Q), AMD +3.1% (Citigroup upgrade; also in sympathy with HPQ), CCL +2.3% (to deploy second ship to New Orleans), DAKT +2.2% (Needham upgrade), JNY +2.1% (UBS upgrade), NYNY +1.9%, RCL +1.7%, AAUK +1.6% (Morgan Stanley upgrade), CROX +1.
Disclaimer & How I use this list
