The futures are down this morning so it looks like we’re in for a retest of last week’s breakouts. I’ll be watching the support levels I drew on the charts last night.
On Today’s Calendar:
- nothing
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
I’m watching a few stocks that look like they’ve had dead-cat bounces: NTGR, MRK, RSTI, WOOF and AIR
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates. Also be sure to check my typical swing trade entry & exit rules.
Potential day trades:
(From Briefing.com)
Gapping Down
In reaction to disappointing earnings/guidance: OMPI -14.2%, VM -13.6%, SMG -12.5% (also downgraded to Market Perform from Strong Buy at Raymond James), CIM -12.3%, VMC -9.6%, FNM -7.2% (also announces $6 bln capital raise, cuts quarterly dividend to $0.25), JRCC -7.2%, TWP -6.4%, OTTR -6.2%, CLF -6.1%, WTW -5.9%, PRGO -5.1%, LF -4.2% (downgraded to Market Perform from Outperform at BMO Capital), DHI -4.2%, FTEK -4.0%, Q -3.9%, HGSI -3.5%, UBS -3.4% (also plans to sell mortgage assets and cut jobs as Q1 loss nearly $11 bln – WSJ), JOYG -3.4%, PFG -3.3%, MWY -3.0%, FACE -2.7%, GFA -2.5%… Select financial stocks showing weakness: MER -2.4% LEH -1.7% DB -1.5% C -1.3% BAC -1.1% GS -1.1%… Other news: PDLI -31.4% (today is ex-dividend date for $4.25 special dividend), FRE -5.8% (down in sympathy with FNM), RTP -2.1% (still checking)… Analyst downgrades: RYAAY -4.3% (downgraded to Sell at Deutsche Bank), SUN -3.0% (downgraded to Neutral at tier 1 firm and downgraded to Underweight at JPMorgan), CNH -2.6% (downgraded to Neutral at tier 1 firm), PCU -2.1% (downgraded to Neutral at HBC), CAKE -1.5% (downgraded to Equal Weight at boutique firm), HBC -1.4% (downgraded to Neutral at UBS).
Gapping Up
In reaction to strong earnings/guidance: IPHS +24.9%, PWAV +17.2%, ATSI +16.6%, DIVX +16.3%, SYKE +12.9%, IAR +10.5%, XEC +9.0%, WEL +8.8%, TDG +8.4%, APC +7.4%, RAS +7.1%, MCK +6.7%, ALJ +6.0%, AU +5.4%, AFAM +5.4%, SE +4.8%, ARG +4.5%, CECO +3.5%, TAP 3.5%, BDE +2.9%, MNKD +2.0%, WWE +1.1%, CSR +1.0%… Select gold stocks showing strength with higher spot prices: DROOY +3.2%, GOLD +2.9%, GFI +1.4%, HMY +1.1%… Other news: DWA +4.7% (replaced MLNM in S&P Midcap 400; also hearing added to Conviction Buy list at tier 1 firm), IFX +4.3% (Infineon up in Europe on talk of interest from Samsung, Intel – Reuters.com), SSL +3.6% (still checking), GMCR +3.2% (will replace MATR in the S&P SmallCap 600), YHOO +2.5% (modestly rebounding following yesterday’s ~15% decline; CEO open to more MSFT talks), EP +2.3% (finds oil in Brazil offshore field), AA +1.9% (Cramer makes positive comments on MadMoney), BMY +1.8% (Cramer makes positive comments on MadMoney), LDK +1.7% (signs a five-year wafer supply agreement with Qimonda), TGT +1.0% (announces agreement to sell interest in credit card receivables to JPMorgan Chase for initial investment of $3.6 bln)… Analyst upgrades: CRBC +5.0% (upgraded to Outperform at Oppenheimer and upgraded to Outperform at Keefe Bruyette), TPP +2.9% (upgraded to Buy at Citigroup), HES +2.5% (hearing upgraded to Buy and added to Conviction Buy List at tier 1 firm), AG +1.8% (upgraded to Buy at tier 1 firm).
Disclaimer & How I use this list
I meant to ask: What happened to the last theme? Did it not work properly on the back end, with widgets, etc.? I liked that one and actually wanted to use it but didn’t want to copy you.
Let me know.
It worked great. I just like having the content between the two side columns better.
Now that I know it worked great – could you share with me once again what theme it was. I thought I saved it but I didn’t.
Thanks Mike.