Watchlist for October 26, 2007

The S&P 500 and Dow bounced off of their 50-day moving averages again yesterday. We’re set for a gap up this morning, so it looks like we’ll finally get some follow-through from all these 50 DMA tests.

On Today’s Calendar:

• 10:00 — Mich Sentiment-Rev.

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

VERT -52.5%, TRID -27.5%, RADS -19.2%, VSEA -14.9%, SU -4.6%, BEAS -3.7%, KLAC -3.3%, BIDU -3.1%, ASML -1.3%

Gapping Up

On strong earnings/guidance: DV +19.1%, CFC +18.6%, MSFT +13.3%, SWIR +13.1%, XING +11.1%, WFR +9.6% (announces $7-$8 bln solar wafer agreement), FDRY +9.6%, SPF +8.5%, DRIV +8.1%, ESLR +8.3%, IBKR +5.9%… Mortgage names catching a bid following CFC’s earnings/outlook: RDN +13.2% (co issues statement saying it has a strong capital position and balance sheet), MTG +6.2%, IMB +15.5%, PMI +12.4%, NFI +11.1%, TMA +8.4%, TGIC +10.1%, WM +4.7%… M&A: VSCN +8.3% (to be acquired by OMTR for $2.39/share)… Other news: VG +76.5% (co and and Verizon resolve patent despute), PANC +40.2% (co reported preliminary results from the 300 mg cohort of a Phase 2b study of bevirimat; upgraded to Buy at Caris), ATSI +11.3% (receives FDA clearance for ATS Simulus Semi-Rigid Annuloplasty Ring), MER +3.4% (NY Times reports MER CEO floated the idea of a merger with WB).

Disclaimer & How I use this list