If it wasn't for all the security stocks flying today you'd never know there was a new terror alert in effect by the market's (non) reaction. Still, it's tough to imagine people doing much buying ahead of the weekend. As always, we'll see...
FLSH almost made my list of charts last night but I didn't like that gap down yesterday morning. Well WR Hambrecht just put out a bullish note on FLSH so it may be worth a look today.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
DPH -31% (NY Times article speculates co will file for bankruptcy as early as Sunday), UTSI -30% (guides lower; SEC inquiry), APTM -35% (guides lower; ThinkEquity downgrade), AHG -14% (guides lower), UAPH -5.3% (reports Q2), VISG -4.2%, LNCR -4%, CTRX -3% (follow-on offering), WSTC -1.7% (founders to sell 5 mln shares), AAPL -0.6% (SG Cowen lowers opinion).
Gapping Up
BBI +19% (announces Q3 same store rental revs), CAMP +17% (reports AugQ, Roth upgrade), OXM +7% (reports AugQ; Wachovia upgrade), ENWV +6.5% (sets earnings date, lessening fears of a warning), WFII +6.3%, GGC +6.2%, KOR +4.4% (Mad Money mention), LNG +5% (positive BWeek mention; Citigroup starts with a Buy; provides hurricane update), NTLI +4.3% (investor group mulls bid for co - WSJ), SPLS +4.1% (announces buyback; reaffirms), PHRM +4% (RBC upgrade), CCI +4% (Mad Money mention), ENER +3% (bounces after 12% sell-off yesterday, Jefferies defends stock), RIMM +1.5% (positive Lehman comment)... Security stocks are moving on higher NY subway alert: SYNX +27%, TBUS +21%, IPIX +10.5%, GEPT +7%, AATK +7%, MACE +5%... Oil & Gas stocks are rebounding a bit after yesterday's sell-off: NGS +4.6%, ABP +4.4%, GW +4%, SWN +2%, VLO +1.7%, RIG +1.6%, HAL +1.5%, ECA +1.4%, CHK +1.3%... Under $3: SCON +28%, MDII +18%.
Intraday Updates:
- 09:23 We've got a serious horse race in AAPL this morning. SG Cowen dropped them to a neutral while Piper Jaffray and UBS made bullish comments. (You know who I agree with since I'm long AAPL in my IRA)
- 09:52 The S&P has already tested (and fallen back from) its 200 DMA, which just happens to be at the important 1200 level
- 10:48 My intraday charts of the indices are all bearish now (indices under the moving averages). And I'm not seeing much of anything I want to trade. I may call it a day soon if things don't pick up
Disclaimer & How I use this list
