I did an interview with Andrew from The Disciplined Investor blog the other day. The first half of the interview is with me talking about trading then we were joined by Barron’s Eric Savitz for some technology talk. You can download it or listen to it over on Andrew’s blog.
We’ve got another gap down today. The QQQQ is still within that trading range I’ve been waiting to break but it looks like the S&P is breaking down out of its range. I’d like to see the Qs join in on the slide before I get too aggressive on the short side.
On Today’s Calendar:
- 13:00 — 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 weak earnings/guidance: PNRA -9.8% (reports May same store sales, lowers Q2 guidance), COO -7.3%, CPRT -3.7%… Other news: XTLB -26.2% (provides update on Phase 1 clinical trial of XTL-2125), HSOA -6.3% (continued pressure after yesterday’s ~10% sell-off following cautious newsletter mention), FRO -3.3% (trading ex-dividend of a $1.50 cash dividend), AAUK -2.4%, GFI -2.2% (announced total attributable mineral resources of $251.7 mln oz and ore reserves of 93.8 mln oz).
Gapping Up
Gapping up on strong earnings/guidance: GES +5.1%… Jana Partners and SAC Capital seek sale of AMTD, suggest SCHW and ETFC as merger partners: AMTD +5.3%, ETFC +3.1%, SCHW +1.3%… Other news: IVAN +17.9% (co ‘successfully’ demonstrates final key commercial configuration of heavy oil upgrading technology), TBUS +11.1% (announces orders for TwinVision color electronic destination sign systems), ACAD +10.2% (positive Cramer mention), TAL +5.9% (exploring strategic alternatives, including possible sale), GNVC +3.0% (co holding conference call at 8:30 E.T. to review data presented at ASCO), RACK +1.9% (still checking around), OPWV +1.7% (Unstrung reports there is still talk that Sybase could be waiting in the wings with an offer).
Disclaimer & How I use this list
Thanks for the interview Mike! Very much appreciated.