Hmm, 10-year rates are now over 5% and we’ve also got the third gap down open in a row. Perhaps things are changing up a bit. I’ll be watching that 2575 support on the Nasdaq closely today. The Nasdaq is set to open below that level and I want to see what happens on a bounce back up toward 2575.
On Today’s Calendar:
- 10:00 — Wholesale Inventories
- 3:00 — Consumer Credit
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: SEAC -9.4%, SHFL -6.0%, CMTL -5.0%, SIX -2.6% (provided mid-quarter update)… Other news: YANB -4.2% (to be acquired by PNC for $35.00 per share — below last night’s 35.77 closing price), MNST -2.4% (announces new CFO), DNDN -2.2% (still checking for news), CMG -2.2% (downgraded to Market Perform at Raymond James).
Gapping Up
Gapping up on strong earnings/guidance: AHO +3.8%, ADCT +3.2%… Following same store sales reports: JOSB +9.3%, SKS +5.0%… Other news: BAMM +10.6% (announces $3.00 special one-time dividend), HGSI +7.2% (announces positive final results Of Phase 2b trial of Albuferon), KRY +3.9% (Chavez still deciding what to do with the Sidor steel conglomerate and the Las Cristinas gold mine), BMET +3.2% (private equity consortium increases offer for BMET to $46.00 per share in cash), AAPL +1.2%, RIMM +1.0% (Cramer named AAPL, GOOG, RIMM and AMZN as his top four tech picks).
Disclaimer & How I use this list
