Ya gotta love these alternating gaps during earnings season. I’m reminded of why I used to skip the heart of the season when I was swing trading. Chop, chop…
On Today’s Calendar:
- 10:00 — Existing Home Sales
- 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
On weak earnings/guidance: RVBD -20.1%, ANAD -20.1%, EFII -15.6%, BRCM -13.7% (also downgraded at multiple firms), TRMB -11.8% (also downgraded at Needham), SWS -10.9%, ALTR -10.7%, GSS -10% (also announces offering of convertible senior unsecured debentures), AMZN -9.4%, PNRA -8.8%, PLUG -6.6%, ILMN -5.4%, GLW -5.2%, JNPR -5.1%, CPS -5%.
Gapping Up
On strong earnings: QLGC +6.2% (multiple broker upgrades following earnings), TASR +4.9%, SGR +4.0% (upgraded at tier-1 firm; positive Cramer mention), STM +3.8%, NDAQ +1.8%, BA +1.6%, OXY +1.3%, LVLT +1.2% (CIBC expects co to be broken up), CME +1.9%… Other news: TMTA +276% (announces settlement of patent litigation, technology transfer and license agreement with Intel), NOVN +8.0% (FDA issues approvable letter for Stavzor delayed release Valproic acid capsules), ASIA +2.8% (wins contract to develop 3G billing solution for China Telecom’s extended TD-SCDMA tril), PLCE +2.7% (engages Lehman Brothers to assist in reviewing strategic alternatives), KMGB +3.8% (to acquire high-purity process chemicals business from APD), VMW +1.5% (co reports earnings tonight; Bloomberg.com story discusses the upcoming release).
Disclaimer & How I use this list
Hi Mike
The COMP looks like run awat train ,huh. The SP continous contract has spent 2 days between the 50 sma 1513.67 and 50 ema 1527.53. The 200′s have been tested once. but anyway thats what I’m watching..
All the best
Curt