We’ve got a nice pop in QQQQ to new 2006 highs this morning thanks to the 9% gain in CSCO today. Poor bears…
On Today’s Calendar:
- 9:50 — Mich Sentiment-Prel.
- 10:00 — Wholesale 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: JUPM -29%, FOXH -19% (also Piper and First Albany downgrades), IMAX -17%, FICC -16%, EMIS -15%, ERES -14%, PRSC -13%, CAMT -12%, IO -9.6%, AVCA -9.5%, MCHX -8.6% (also Piper downgrade), ADAM -7.9%, CTRP -6.9%, BAS -6.9%, IMH -4.5%, ING -4.2%, MRX -3.2%, TKC -3% (also announces stock offering), Other News: LMRA -6.5% (extends yesterday’s 10% drop on earnings), SPI -5% (profit taking after 14% move yesterday), HOG -1.7% (Baird and AG Edwards downgrades).. Under $3: AIRN -6.7% (reports Q3), MEMY -6.6% (reports Q3), ADSX -5.4% (down on earnings from its DOC unit), JDO -3.7%.
Gapping Up
Gapping up on strong earnings/guidance: CSCO +9.4% (also UBS upgrade), GIGM +10.5%, AMKR +14%, GOAM +10%, IFOX +8.4%, CELL +8.3%, KONG +7.6%, PCLN +6.7% (also Piper raises target to $55 from $42), BVF +6.2%, GT +5.7%, SNIC +4.9% (also JP Morgan upgrade), KG +4.8%, GMKT +4%, BMC +2.8%…. Other News: ISIS +21% (bullish initation at Cowen), KEYW +17% (to be acquired by NOC; also reports Q3), TARO +7.7% (gets FDA approval for generic arthritis drug), LPTH +7.5% (in sympathy with Cisco), GROW +5.1% (announces stock split, special dividend), PMCS +5% (files 10-Q), FNSR +4.8% (in sympathy with Cisco), ABPI +4.6% (positive clinical data), Under $3: DSS +14% (reports Q3, Needham upgrade), ENMD +10% (positive clinical data), NENG +8% (reports Q3).
Disclaimer & How I use this list



I am neither bear or bull, I just make money.
So I have submitted to safehaven.com an article at 8:40 ET today.
It should publish soon.
The idea in it is to sell the QQQQ against 43.30 Year high
with a very small stop loss.
How Small is the stop?
No more than 31 cents, at 43.61
The time for the top should be around 12pm or 15pm
Good trading