Sorry for the lack of posts yesterday. I was having trouble reaching my new server and wasn’t in the mood to try to jump through hoops to post on both the old and new servers. I think everything is back to normal now that the DNS has had time to fully propogate, so on with the fun of trying to make a dollar out of 15 cents…
We’re set for a pretty good sized gap down (QQQQ is down .58%) on the jobs report data. My first thought is to try a gap fade but I’m not really comfortable with how extended the market is right here. So I’ll just wait and see how the first hour of trading shakes out before I decide which side to play today.
On Today’s Calendar:
- Nothing significant after 8:30
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
MOBE -22.8% (downside guidance); MU -8.1% (reported earnings last night), AMKR -5.6% (Negative WSJ article); SLR -4.5% (negative Thomas Weisel note); AMTD -2.1% (downgraded at BofA); NTAP -1.7% (downgraded at AG Edwards); HNT -1.2% (announces it will offer prescription drug plan nationally in 2007); NVLS -1.2% (Downgraded at Citigroup).
Gapping Up
ININ +17% (guides Q3 above consensus), GNTA +15% (receives special protocol assessment from FDA for randomized trial of Genasense plus chemotherapy in chronic lymphocytic leukemia), CHTT +10.4% (announces acquisitions, Brean Murray upgrades), SOV +8% (WSJ article suggests CEO could be ousted, leading to possible takeover), CIEND +2%, TASR +1.9% (announces 23rd Product Liability Lawsuit Dismissed).
Disclaimer & How I use this list
