The market liked the jobs data this morning. It’s looking like a replay of yesterdays open with the Nasdaq and S&P gapping over the previous day’s highs but right at resistance. Let’s see if the bulls can finish stronger today.
On Today’s Calendar:
- 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 weak earnings/guidance: PSPT -34.6%, ZQK -15.5%, ENCY -14.6%, GMKT -14.3%, LMRA -6.6%… Continued weakness in sub-prime following update from NEW: NFI -5.7%, NEW -3.1% (NEW provided update, ceased accepting loan applications), LEND -2.6%… Other news: DSTI -3.1% (files 10-KSB for fiscal year 2006), ALTI -3.4% (estimates cut at WR Hambrecht following yesterday morning’s earnings), YHOO -2.5% (WSJ reports AT&T may alter Yahoo pact).
Gapping Up
Gapping up on strong earnings/guidance: JSDA +17.5%, BIG +16.0%, AVAV +8.7% (also mentioned positively by Cramer), NSM +5.2%, OMRI +3.4%… Other news: WXH +8.8% (receives unsolicited buyout offer for $15.00 per share), ACH + 4.8%, EAT +4.2% (upgraded at UBS).
Disclaimer & How I use this list
