Looks like a pretty flat open today. My intraday moving averages are still bearish from yesterday so I’ll be looking for shorts to start the day…
On Today’s Calendar:
- 10:00 — Leading Indicators
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.
Potential day trades:
Gapping down on disappointing earnings/guidance: ALU -10% (also Merrill downgrade), WERN -8.7% (also Morgan Keegan downgrade), UAUA -5.9%, STTX -5.8%, WCI -5.8% (guidance only), PLT -3%, TLAB -2.3%, DD -1.9%… Other News: VDM -6% (announces job cuts), UIS -4.4% (Goldman downgrades to Sell), AMR -4.5% (prices stock offering, in sympathy with UAUA), NDAQ -3.6% (JP Morgan downgrade), LFC -2.3% (extends recent weakness), FDRY -2.2% (expects to record options-related charge; CFO resigns), NYX -2.2% (Wall Street’s lobbying group asked regulators to delay rulings on how NYX charges customers for market data – Forbes.com), PFE -1.1% (Bear Stearns downgrade), AAPL -0.9% (Steve Jobs questioned in options probe, lawyers say – Bloomberg.com).
Gapping up on strong earnings/guidance: NICH +26%, REDF +6.7%, AV +6.6% (also names new CFO), TXN +4.1%, DHI +3% (also Goldman upgrade), COH +2.9%, EMC +2.6%… Other News: NVAX +10% (positive clinical data for its bird flu vaccine), TIN +7.1% (large shareholder Carl Icahn says he may urge mgmt to divest one or more businesses and may seek changes on the board), GMST +6.9% (co awarded $93.6 mln in former CEO arbitration, also Soleil upgrade), NBIX +5.8% (co says it will resubmit its NDA for its sleep drug Indiplon sooner than expected), VPHM +4.4% (to be added to S&P 600), HOKU +3.1% (extends recent momentum), UA +3.1% (Credit Suisse upgrade), PEIX +2.6% (FBR upgrade), SAP +2.2% (Morgan Stanley upgrade), GPS +2% (C.E.O. steps down following weak holiday sales), SIRI +1.3% (announces deal with Jamie Foxx), TEVA +1.2%, RIMM +1.1% (positive WSJ article on Blackberry)… Under $3: NXXI +27% (positive clinical data on HIV), NENG +14% (selected by MSFT to support customers), QTWW +2.5% (co announces Ford win).