The Nasdaq is finally trying to join in on the broader market rally. Yesterday was its first close above its 50-day moving average since January 4. But it's not out of the woods yet -- 2100 looms just above.
Currently holding:
Long - ADBE, NVDA, NVT, PAAS, PARL, USU
Short - PLMO, RSAS
Looking for swing trade entries in:
Longs - CPRT, FLR, FRO, GMR, IFIN, NETL
Shorts - AMZN, ASKJ, COGT, FCFS, GVHR, JUPM, PNK
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: KR -9.1%, TXN -3.2%, TRMD -6.6%, DKS -4%, MSSN -5.3%, AVII -5.2%..... Other News: AAPL -2.3% (Sony to Debut Flash-Based Audio Players -- AP), PRFT -13% (announces 5 mln share offering), INTL -11% (SpectraLink integrates with co's Axxess Platform), PWER -6.3% (to be dropped from S&P 500), SONS -4.9% (cut to Underweight at Pac Growth), GEOI -3.8% (profit taking after 23% move yesterday), CTSH -3.2% (UBS downgrade), MRH -3% (says certain founding shareholders sold 3.7 mln shares under shelf registration).
Gapping Up
ADLR +14.4% (reports initial results from Entereg Study), APSG +13.5% (Thomas Weisel upgrade), IIG +8% (reiterates guidance), CTIC +7.2% (bounces after 48% drop yesterday), ADSX +6.9%, DAL +5.3% (in talks to sell subsidiaries - WSJ), ELN +4.8% (short-covering following recent weakness), ABRX +4.6% (reports Q4), WMC +4.3% (BHP Billiton bids $7.3 bln for Australia's WMC -- Reuters), BOOM +3.1% (momentum), FINL +2.7% (to be added to S&P SmallCap 600), FFIV +2.6% (to be added to S&P SmallCap 600), LVS +2.4% (reports Q4, beats by $0.04), RIMM +1.5% (reiterated Buy and $95 tgt at UBS).... Small cap energy/fuel stocks maintian momentum: BDCO +21%, FUEL +18%, POCC +8%, MPET +4.1%, ABLE +3.7%... Under $3: SPAB +8.6%, REV +7.8% (reports first qtrly profit in 6 years), VPHM +7.7%.
