We’ve got a few economic reports due out in the first hour of trading today (see calendar below). I’m just not feeling the bull side right now so if we don’t see some weakness today I’m taking the day off from trading and catching up on my email.
On Today’s Calendar:
- 10:00 AM — Construction Spending
- 10:00 AM — ISM Index
- 10:30 AM — Crude Inventories
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
Gapping down on disappointing earnings/guidance: TWP -17%, GRMN -12.3% (down in sympathy: SIRF -4%), NSTR -10%, ANPI -10%, SUNH -9%, KTCC -8.3%, PZZA -7.5%, SOLD -7.3%, GOLF -7%, PMTC -4%, KFRC -3.1%, ZBRA -3%, STEM -1.9%, TWX -1.4%, Other News: KLIC -5.1% (Merrill downgrade), CVS -3.8% (in talks with CMX on possible merger), HANS -3.5% (Cramer negative on Mad Money), SIMG -2.8% (announces stock option review), PLT -1.9% (Kaufman downgrades to Sell, Bear Stearns downgrades to Underperform), XMSR -1.4% (Satellite radio is asked to pay more – Washington Post), ANF -1% (Credit Suisse downgrade).
Gapping Up
Gapping up on strong earnings/guidance: MA +8.6%, CRDN +8.5%, EXP +7.7%, WTS +7.5%, BRNC +6.6%, CI +5.1%, CEC +4.4% (also Merriman upgrade), PTEN +4.3%, DWA +4% (also Jefferies upgrade), MYL +3.6%, NICE +2.9%, SHOO +2.5%, NEM +2.2%, ACAS +2%, ASF +1.6%, BIDU +1.1% (also Goldman upgrade)… Other News: BN +17% (to be acquired by RRD), CMX +8.7% (in talks with CVS about possible merger), ISPH +6.7% (announces license agreement), CVLT +6.3% (multiple initiations of coverage), DIVX +6.2% (multiple initiations of coverage), MSO +3.8% (Credit Suisse upgrade), ESRX +3.7% (in sympathy with CMX), LMRA +2.3% (extends recent momentum), IACI +1.6% (Deutsche upgrade; also Ask.com announces deal with Lycos), TEVA +1%, Under $3: CHTR +9% (Citigroup upgrade).
Disclaimer & How I use this list
