Futures are flying this morning on little news that I can find. The S&P is set to gap over yesterday’s highs and into the resistance zone I’ve been pointing out. QQQQ is up 1.08% and sitting right at Friday’s high. I feel a gap fade setting up…
On Today’s Calendar:
- Nothing
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 weak earnings/guidance: ALTI -2.2%… Other news: HEPH -29.0% (H.H.S. cancels ARS RFP request), DESC -13.0% (downgraded at Merriman), FMT -9.4% (consents to cease & desist order, said no assurance co will be able to enter into any transaction involving its residential loan origination platform), DRC -1.8% (commences secondary offering of common stock).
Gapping Up
Gapping up on strong earnings/guidance: MAMA +28.0%, CWTR +6.0%, TOPT +5.2%… Feb same store sales reports: ZUMZ +5.0%, ANN +4.9%… Other news: PTT +6.5%, LMRA +9.4% (reports Q4 results today, conference call after close), SMSI +5.0% (profiled in New America section of IBD), SMDI +4.3%.
Disclaimer & How I use this list
