Watchlist for July 26, 2005

Below is a chart of the Nasdaq. I'm not too concerned about that trendline break because I think it was a bit too steep to be sustainable. The thing to watch out for though is the fact that there's not much support between here and 2100. All it needs is a little push...

Potential swing trades:

Longs - None until August (after the earnings flood)

Shorts - None until August (after the earnings flood)

Potential day trades:

(From Briefing.com)

Gapping Down

BVSN -33%, GTOP -24%, PNR -9.4%, LXK -6.6%, CYBX -6.2%, TTWO -5.1%, PHRM -5%, IMCL -4%, CME -3.5%, HANS -3%, DD -2.6%, PLAY -1%... Traders take some profits after recent run in security stocks: SWATU -4.6%, SYNX -3.6%, GEPT -3.4%, IPIX -3.2%.

Gapping Up

Gapping up on strong earnings/guidance: NFLX +17% (also upgrades form Piper and CSFB), TXN +5%, JCOM +7% (also First Albany upgrade), SINT +11%, AV +9.4%, CTGI +9.4%, WVCM +9%, TLAB +7.4%, CNET +7%, JDAS +6.1%, DADE +6%, ONNN +5.8%, BMHC +5.7%, LCAV +4.3%, LMT +4%, FLSH +3.8% (also Smith Barney upgrade), AVY +3.5%, PHRM +3.4%, ALTR +2.1% ... Other News: IMX +45% (receives order for explosives detection systems), NYER +19%, IMGN +17% (DNA licenses rights), ISON +10% (awarded contracts to provide security to federal agencies), BIOI +10% (to merge with Invitrogen), RNAI +9%, OSIS +8% (receives order from BAA), CBH +6.5% (to expand into Florida), MDRX +5.6% (reports tonight), IMMR +2.8% (started with an Outperform at Thomas Weisel), VECO +2.5% (partners with Picogiga Intl), NAPS +2.5%, LSI +2.3% (Fujitsu Siemens selects co's software), MERQ +2% (Morgan Stanley upgrade), TEVA +2%, WGAT +6.5% (Motorola introduces version of its home video phone; WGAT helping to bring to market)... Under $3: MDII +89% (enters into agreement with PSA Security Network), DOR +48% (signs development deal with DOW).