The oil inventories report will be released at 10:30 so stay on your toes & guard your wallet!
Thanks to Dave for the nice write-up about my blog. I'll be glad to do what I can to help when you decide to start trading.
Another good post by Stephen Vita about the importance of watching the opening range. Stephen's daily reminders about that and watching the A/D/ line have kept me on the straight & narrow. :-)
MaoXian has the transcript of this week's chat session up on his site.
Potential swing trades:
Longs - None
Shorts - None
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: PLAB -12%, ANF -7%... Other News: TMTA -8% (downgraded to Sell at AG Edwards on valuation), EXEL -4.3% (stock offering), PD -3% (copper traded lower overnight as stockpiles of the multi-tasking metal continue to increase), DCEL -3.6% (started with a Sell at Soleil; tgt $3), CME -2.3% (CBOT Holdings says it will go ahead with IPO), ERICY -1.6%.
Gapping Up
Gapping up on strong earnings/guidance: HPQ +8.7% (also multiple upgrades: BofA, Bear Stearns, First Albany, Pru), AMAT +4.4% (up in sympathy: LRCX +2.1%, NVLS +1.9%, KLAC +1.3%), BCSI +15% (also Wachovia upgrade), HURC +11%, CHRS +8%, JWN +3.8%... Other News: WFII +13% (receives Blanket Purchase Agreements for RFID from Defense Dept), SYNC +5% (selected by Vivo as wireless email provider), NXTP +3% (speculation that Sprint preparing to acquire NXTP)... Under $3: POCC +35% (to sell LPG assets), SMTX +54% (extends yesterday's 42% move), INSM +11% (CFO resigns).
Intraday Updates:
- 09:51 Market's acting like it wants to rally but I'm not doing a damn thing until after that oil report at 10:30
- 10:13 CMED, a recent IPO which is a Chinese medical play, keeps creeping higher
- 10:33 Oil report just hit...bombs away...
Disclaimer & How I use this list
