Here's a chart of the NASDAQ, which makes me feel pretty good about avoiding the market over the last couple of weeks:
I wouldn't be surprised if the Nasdaq stayed in that triangle/coil right up to election day.
Currently holding:
Long - none until after the election
Short - none until after the election
Looking for swing trade entries in:
Longs - none until after the election
Shorts - none until after the election
Potential day trades:
(From Briefing.com)
Gapping DownDown on weak earnings/guidance: ZRAN -20%, AFL -8.5% (also multiple downgrades), LVLT -8.4%, TTMI -7.9%, ISIS -7.8%, WBSN -6.3%, UTSI -5.2%, BBI -4.1%, XRAY -4%, ZBRA -3.2%... Other News: IMOS -6.5% (announces $50 mln convertible offering), MACE -5.5% (profit taking after 84% move yesterday).
Gapping Up
SINA +19% (beats by $0.04, guides up for Q4 revs; up in sympathy: ASIA +18%, SOHU +13%, NTES +10%, TOMO +7.8%, CHINA +7.1%), INCX +18% (carryover from 30% move yesterday and interest in Internet stocks from SINA's report, same with SHOP +4% after 10pt move in IPO debut), VRTS +6.1% (reports Q3), CVTX +10% (beats by $0.15, CIBC upgrade), CECO +8.8% (beats by $0.02; guides up for Q4, Y04), ISON +13% (names its director of commercialization for Homeland Security and Defense division), MTSX +6.7%, ATML +6.4% (reports Q3), WLDA +5.4%, TASR +3.7% (devices approved for use in Finland and Sweden), OPWV +3.7% (reports SepQ), VWPT +3.6%, ONXX +3.3% (granted Orphan Drug designation), GRMN +2.7% (reports Q3), PHRM +2.6% (Bear Stearns upgrade)..... Under $3: ZTEL +29% (announces 14-state commercial agreement), AAII +28% (to get one-time payment from Aventis, as FDA approves Allegra-D 24 hour tabs), AATK +11%.
