We’re gapping down this morning right near the June lows on the S&P 500. Let’s see if buyers can defend that support area.
On Today’s Calendar:
- 10:30 — Crude 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 news: NUVO -22.2% (announces that it will resume development of alfimeprase, terminates collaboration with BAY), IOC -12.9%% (issues Elk-2 appraisal well drilling report No. 4), TRMP -11.8% (Philadelphia Inquirer reports the deal to sell Donald Trump’s casino co has hit several snags), HOKU -2.7% (cautious comments out of boutique firm), FFIV -1.7% (Baird downgrades FFIV to Neutral), BHP -1.3% (stock traded down in Australian trading after prices of commodities including copper, zinc and oil dropped – Bloomberg.com).
Gapping Up
Gapping up on strong earnings/guidance: NKE +4.9%, CAG +2.7%… M&A: GTRC +20.8% (to be acquired by Bain Capital For $63.00 per share in cash), ANDW +13.0% (to be acquired by CommScope for $15.00 per share), EFD +2.3% (to be acquired by FIS for $36.50 per share in cash)… Other news: JSDA +9.8% (co announced exclusive rights to natural ingredient from Japan for use in new type of energy drink), ALAN +7.7% (before the close yesterday co filed 8-K related to co providing GenTrak genset-based monitoring devices for Maersk Line’s refrigerated containers), VSGN +7.2% (FDA has strongly recommended that Vasogen conduct a confirmatory study), SRDX 9.7% (co and Merck enter ophthalmic license and research collaboration agreement), ONT +5.4% (ViewCast has licensed ONT’s live Flash video encoding technologies), BBY +2.0% (announces $5.5 bln share repurchase program).
Disclaimer & How I use this list
Today was rather bullish, so I knew your comments section would probably be empty without me.
Anyone gap fade this morning?