I'm not sure what to expect from this holiday week. The market is extended and probably better sold than bought, but this will probably be a dull market -- and you know what they say about dull markets....
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
CSC -12.5% (LMT & partners drop bid), VRTX -6.86% (Downgraded to Sell at BofA), MSCC -3.71% (Needham downgrade), COCO -3.1% (subpoena from Florida Attorney Genl), PETDE -2.67% (notice of NASDAQ delisting)
Gapping Up
WAVX +18.1% (signs license agreement w/ Dell)... IVN +6.4% (Barron's article)... TIVO +6.2% (upgraded at Stanford; also announces plan to provide new capability for quick and easy transfer of viewer's favorite TV shows to iPod or PSP)... AUY +5.2% (Barron's article)... EK +4.0% (Barron's article)... GM +3.1% (provides update of GMNA turnaround plan)... CBST +2.8% (FDA Accepts CUBICIN sNDA and Grants Priority)... BA +2.3%(announces order for 6 787-8 Dreamliners)... OSIP +2.2% (Eyetech integration conference call)... F +2.1% (announces restructuring plans)... EGO +2.0% (Barron's article)... WY +1.9% (Barron's article)... CMED +1.8% (moves up in IBD)... AXP +1.7% (UBS upgrade)... TECD +1.4% (First Albany upgrade)... CDIS +1.1% (stock split).
Intraday Updates:
- 10:26 Pretty slow so far today. I'm waiting on the Nasdaq to break its forst 30-minute range before making any moves..
- 11:40 Naz is heading down again after taking out the early highs. Seems like we're in for another of those choppy, consolidating days. I don't see many interesting moves today so I'll be happy to sit this session out. I'll check back after lunch though...
- 2:20 Do I hear $600??? from Briefing.com -- 14:18 GOOG Google target increase details (405.56 +5.35) -Update- UBS raises their tgt on GOOG to $500 from $430, based solely on its current products and trends. Firm says that even if most of its future products fail, the underlying fundamentals of its current offerings are solid.
Disclaimer & How I use this list
check out the chart (& the earnings/news) on INSP
What about it?
what do you think of INSP?
Hi Mike, if the mkt is particularly dull and you have a spare few minutes, I'd be grateful for any feed back on my blog. I invest across the spectrum (equities, fx, commodities) and am trying to make myself more accountable through my blog. I also have a simple live Portfolio that can be tracked.
I'm only reading your site and Vic Niederhoffer's on a daily basis right now, but I'm slowly branching out.
Kind regards
Riz (ABOBtrader)
http://abobtrader.blogspot.com/