Another low volume affair yesterday. The selling has created stochastic sell signals on the major indices on my charts. It's tough for me to get motivated to do much given the low volume, so I continue to just sit on my current positions.
Currently holding:
Long - None
Short - ADI, MOGN, SFA
Looking for swing trade entries in:
Longs - DITC, DKS, VIP
Shorts - ANN, CEPH, CHKP, CRL, CYMI, DIGE, DLTR, DRIV, HEW, ISIL, MSTR, NATI, OSTK, STK, TXN, WFMI
Potential day trades:
(From Briefing.com)
Gapping DownThere is little action in the pre-mkt.... INTC -1% (Merrill cautions investors to stay away ahead of mid-qtr update on Thurs; FTN Midwest downgrade), FCEL -3.3% (reports JulQ), SNY -3% (reports results), BOBJ -2.6%, MESA -2.4% (UBS downgrade).
Gapping Up
IPIX +10% (signs distribution agreement in Russia), TOPT +15% (reports Q2), PKS +11% (WSJ reports Redskins owner Dan Snyder has been buying 9% of co), TFSM +4.4% (signs reseller agreement in Greece), BLDP +3% (announces $3.6 mln follow-on contract with major automaker), EASI +2% (beats by a penny, affirms guidance), JNPR +1.8% (Wachovia upgrade).... Under $3: UAIR +13.2% (Talks Resume Between US Airways and Pilots -- AP), MACE +5.4% (in sympathy with IPIX).
