After chopping around this week the indices are trying to breakout above this week’s high. Perhaps the Nasdaq will fill that February gap today…
On Today’s Calendar:
- 10:00 — Mich Sentiment-Prel.
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: SMTL -15.5%… Other news: GNVC -5.4% (profit taking following yesterday’s strength), EPD -2.8% (Shell affiliate sells Enterprise Products Partners common units), TM -2.7%, AAPL -1.8% (delays Leopard operating system release).
Gapping Up
Gapping up on strong earnings/guidance: FCSX +7.1%… Other news: DYAX +46.0% (DX-88 for hereditary angioedema meets primary and secondary endpoints in Phase 3 trial), ANDS +16.8% (ANA380 exhibits activity in vitro against multiple clinically relevant hepatitis B virus mutants), SLM +12.3% (FT reports that SLM is in talks to be bought out by private equity), AVRX +8.4% (profiled in Inside Wall Street on BusinessWeek Online), MRK +5.5% (raises Q1 and 2007 EPS above consensus), SAP +3.8% (positive Merrill comments and comments by deputy CEO on order growth), NLY +3.3% (Cramer positive on stock), DNDN +3.3%.
Disclaimer & How I use this list
It will be extremely difficult for stocks to make a new high without a new high for gold. I may be wrong and manipulation might be more successful then I estimate but that’s my opinion.