The list has swung from a preponderance of shorts to longs today thanks to all of the hammers made yesterday. The market is still very choppy though, so I don't want to get too aggressive just yet.
Oh yeah, FWIW, the SOX closed 2 points higher yesterday, just enough to climb back over its 200-day moving average. It's almost like it just wants to rest on the 200...
Currently holding:
Long - URBN
Short - none
Looking for swing trade entries in:
Longs - ADBE, CTMI, CVC, ERTS, FEIC, HOTT, THQI, WITS
Shorts - MWV
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: DELL -3.8% (also Smith Barney downgrade), CKCM -20%, JRJC -19% (says Chinese stock market may impact results), SHRP -14%, CSTR -13%, ANAD -6.6%, LIOX -5.7% (also FBR downgrade), FORM -5% (also BofA cuts to Sell).... Other News: VECO -10% (postpones earnings), THOR -4.3%, TASR -3.5% (Man dies in Chicago after police use Taser), TRGL -1.4% (prices offering at $24.25)... Homebuilders are weak as Smith Barney downgrades BZH -3.5%, HOV -3.9%, KBH -4.2%, PHM -3.1%, RYL, and TOL -2.9%.
Gapping UpCVC +5.3% (to divest Rainbow DBS assets and liabilities), NVTL +9.3% (reports Q4), ALTI +16% (momentum from 129% move yesterday, up in sympathy: TINY +5.7%, TGAL +7%, JMAR +10%, NGEN +5.6%; also CNBC guest discussing nanotech), DESC +10%, MDCC +8.2% (reports Q4), MKSI +8.1% (beats, gudies higher), ARRS +7.7% (reports Q4), NYNY +4.5% (co and the Cayuga Nation extend agreements), RNWK +3.7% (mentioned on CNBC), QGENF +3.5%, PLAY +3% (Hudson Square Research says stock oversold), PIXR +2.9% (reports Q4), ANN +2.7% (guides Q1 in-line), AAPL +1.7% (announces 2-for-1 split).... Under $3: DIGI +28% (IUSA to buy the co), SYNC +18% (positive JP Morgan note).
"TASR -3.5% (Man dies in Chicago after police use Taser)"
I didn't hear about a man dying, but two days ago a 14-yr old boy went into cardiac arrest after police in Chicago shot him with a Taser. You might wonder why police would shoot a 14-yr old boy with a Taser. Well, apparently this 14-yr old is 6 feet 2 inches tall and weighs 220 pounds. Yikes! That a big boy. He attacked some people at a group home where he lives and lunged at the police when they showed up. Obviously, this is no ordinary boy.
If he went into cardiac arrest they should have just turned down the impulse on the taser gun and shot him again. It is effective at restarting the heart.
That's just wrong! :-)