The Nasdaq bumped up against its downtrend line yesterday and fell back. It's really starting to look like it'll be do-or-die next week (post-election). I can't wait for that to be out of the way (please let there not be any recounts & whatnot) so I can get back to swing trading.
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 disappointing earnings/guidance: SOHU -16% (down in sympathy: NTES -3.1%, CHINA -3%, SINA -2.1%), NVTL -14%, CHRD -18% (also RBC downgrade), SAPE -14% (also FBR downgrade), NEWP -12% (also Roth downgrade), DCLK -11% (also Piper downgrade), TUNE -11%, INFO -8%, PDE -6.1%, CAM -4.9%, ISSI -3.4%... Other News: CNLG -6.4% (enters into acquisition/merger discussions with the Princeton Tech Group), IMCL -2.7% (Smith Barney downgrade; carryover from 10.3% drop yesterday).
Gapping Up
Up on strong earnings/guidance: ARDI +37% (also Raymond James upgrade), VSEC +20%, APCC +15% (strong despite First Albany downgrade), GTW +13% (also positive analyst comments), FRNT +9.4%, ZONS +7.2%, NTGR +3.4%, SANM +2.9% (also CSFB upgrade).... Other News: ARQL +8.2% (Legg Mason upgrade), STEM +5.7% (files 10-Q), MACE +3.6%, DNDN +2.7% (positive NY Times article), GOOG +1.7% (traders trying to push to $200).... Under $3: BIOM +18% (reported Q3 results just before yesterday's close), ZTEL +9.3% (announces extension of exchange offer for preferred stock), TMTA +4.3%.
Mike,
I don't know what kind if size you trade, but 99 shares and less do not require an uptick. Unless there has been a change since my days working as a trader that is.