Watchlist for March 10, 2005

My scans turned up nothing but longs for today but the indices look like they have more room on the downside. Part of the reason that I’m not finding many shorts is because so many stocks are in intermediate and long-term uptrends. Those are stocks that I would just let drop and look to buy them once they hit their trendline and/or print a bullish candlestick pattern. Anyway, given my read on the indices I won’t be buying a whole lot right now despite my scan results.

Currently holding:

Long – PAAS, USU

Short – COGT, JUPM, PENN, PLMO, RSAS

Looking for swing trade entries in:

Longs – AAPL, CHS, FDG, GPRO, ISRG, JOSB, MTLM, PCU, PKTR, ROST, TOPT

Shorts – None

Potential day trades:

(From Briefing.com)

Gapping Down

coming…

Gapping Up

NGPS +11% (reports Q4), MXWL +11% (US Advanced Battery Consortium selects co to develop ultracapacitor-based energy storage module for autos), MJES +6.8% (reports JanQ), IMAX +6.6% (beats by a penny; raises Y05 EPS guidance), MCEL +11.4% (delivers to US Air Force fuel cell power system), TONS +4.8% (co says internet rumors are unfounded), EVST +4.8% (to introduce fitness equipment in UK and Ireland), ADZA +4.1% (reports Q4), NAPS +3.6% (positive Piper note), ELN +3.6% (extension of momentum), RFMD +3.3% (Piper upgrade), ISE +2.8% (IPO momentum continues), BOOM +2.2% (extends yesterday’s 8% move), ALTR +1.8% (raises guidance; JP Morgan upgrade)…. Small cap energy momentum continues: BDCO +14%, FUEL +12.2%…. Under $3: BIZ +29% (reports Q4), TGC +24% (sale of assets).

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