There's not much out there that I want to mess with for swing trading right now. Perhaps things will look better once we get a little further away from the recent low volume days.
Here are some articles that caught my eye this morning:
- Avaya starting to enjoy life on its own - Avaya (AV) happens to be on the swing list today.
- Yukos and Emerging-Market Risk
- Yahoo Finance's Financial New Year's 2005 Special Report
- From Digital Images To Golf Club Shafts - IBD looks at some of 2004's big winners.
- The Limits of a Purely Technical Approach
- Mastering Support and Resistance Levels
- January 2005 Trading Strategies
- 2005's first Carnival of the Capitalists
- Partying like it's 1999? - Mark Hulbert examines the bullishness of newsletters today vs. five years ago.
Currently holding:
Long - ADBE, CME, DVA, EYET, THQI
Short - None
Looking for swing trade entries in:
Longs - AV, IFN, OI
Shorts - None
Potential day trades:
(From Briefing.com)
Gapping Down
SUNW -3.7% (cut to Underperform at Bernstein, tgt $4.40), SUPG -12% (announces withdrawal of Orathecin NDA), AGIX -12% (provides update on AGI-1067 trial), MOTV -8%, TAYD -5.5% (tsunami play losing some steam, follows 9% drop on Friday), CYBX -5.4% (receives warning letter from FDA), RRD -2.8%, MIKR -2.4% (profit taking from 40% move on Friday).
Gapping Up
Mad cow stocks are higher on news that Canada has confirmed its third mad cow case: VITX +40%, EMRG +11%, DOC +10%, ADSX +8%..... Other News: MVIS +11% (signs license and development deal with JNJ subsidiary), WGAT +10% (continues recent momentum), TIVO +7.3% (now allows subscribers to transfer programs from TiVo box to a laptop), ANTP +7.3% (continues 300% move in last month), KNTA +7.1% (Roth notes co's exposure to online tsunami relief agencies), DCAI +6.4% (debuts on IBD top 100 list), PXLW +5.8% (BofA upgrade), PKS +5.2% (Lehman upgrade), ANGO +4.7% (moves up on IBD list), NVDA +3.7% (to debut entry-level AGP-capable GeForce 6-series chip), IDNX +3.7% (selected to power national ID program for Middle Eastern country), ELN +3% (highlighted in Barron's, which was out intraday Friday), YHOO +2.7% (Goldman raises ests above consensus), GOOG +2.6% (lead story on 60 Minutes; also Goldman raises ests above consensus), ERICY +2.3%, TASR +2%.... Under $3: INSG +34%, HOFF +23% (momentum from 44% move last Friday), NYER +7%, INSM +7% (submits new drig application).
