The futures have been slipping all morning. Levels of interest for me are yesterday’s lows, then 1500 on the S&P, and then the 50 day moving averages on the indices.
On Today’s Calendar:
- 2:00 PM — Treasury Budget
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: ACLI -9.5%, ROLL -6.8%, LUB -5.6%… Trading down following TXN’s mid-qtr update: TXN -2.4%, NOK -1.5%, ERIC -1.5%… Other news: NRMX -4.5% (tgt cut to $4 at Piper), SIRF -4.0% (BRCM acquires competitor Global Locate), MDVN -2.4% (profit taking after yesterday’s +23% move), NFLX -2.0% (BBI announces new lower priced subscription plans for online subscribers).
Gapping Up
Gapping up on strong earnings/guidance: TTWO +6.4%, JMBA +5.0%, LEH +1.7%… M&A: HOFF +9.1% (to be acquired by Cal Dive International for approximately $19.25)… Other news: IDIX +16.4% (says Valopicitabine combined with standard of care cleared Hepatitis C virus in 72% of patients), RGEN +12.4% (announces favorable ruling against IMCL), CRGN +9.2% (presents update on clinical development program for Belinostat), ITG +9.0% (DE Shaw files 13D disclosing 6.2% stake, issues letter to CEO), TLM +7.0% (DJ reports Texas Court to hear CEO-TLM Indonesian case in Nov), PIR +7.0% ( upgraded to Buy at Goldman – CNBC), VSE +5.6% (continued momentum carrying over after yesterday’s BP-for-VSE rumor and subsequent heavy call buying), JDSU +2.9% (upgraded to Outperform at Bernstein), RFMD +2.5% (upgraded to Buy at ThinkEquity).
Disclaimer & How I use this list
