We had doji patterns made on the indices yesterday so I'm watching yesterday's highs for a confirmation of a reversal.
Oh yeah, oil inventories are released at 10:30...
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
WVCM -16% (Q4 revenue guidance), KOMG -7.6% (down on STX/MXO deal), SUNH -5.2% (prices offering), BMET -3.8% (reports NovQ, misses by $0.02), NKE -3.4% (reports NovQ, beats by $0.10, but stock down on disappointing global future orders), GM -3.3% (Tracinda/ Kirk Kerkorian to sell 12 mln shares), DEPO -3.2% (files $100 mln mixed shelf), JBL -2.9% (reports NovQ), STX -2.7% (to acquire MXO), NTGR -2.6% (Brean Murray initiates with a Sell), AMTD -1%... Under $3: TSEM -8%, BPUR -7% (prices offering).
Gapping Up
MXO +47% (to be acquired by STX; up in sympathy: WDC +3.5%), MUSE +37% (to be acquired by IBM), CESV +29% (files 10-K/reports SepQ), NYNY +17% (announces that US Bureau of Indian Affairs confirms to NY gov Pataki the validity of land to trust), XPRSA +13% (guides higher), TASRE +10% (started with a Buy at Merriman; wrongful death lawsuit dismissed), PALM +7% (beat by $0.03, guided above consensus), ALVR +5% (receives order), NFLX +4.5% (started with a Buy at Citigroup; tgt $39), CTT +4.3% (licenses assay to Genzyme), GEPT +4.3% (resolves issues with Nasdaq), THQI +3.5% (reaffirms guidance), CRXL +2.8% (signs license agreement), ERES +2.6% (Stanford upgrade), KMX +2.1% (reports NovQ), FDX +2% (reports NovQ; up in sympathy: UPS +1.7%), SIRI +2% (to broadcast 12 live college football bowl games), MU +1.8% (co reports after the close today), ONXX +1.7% (kidney cancer drug wins approval)... Under $3: ADH +30% (receives orphan drug designation), MBAY +20% (co and MSN music to launch audiobook store), OSCI +15% (obtains Special Protocol Assessment from FDA for Ramoplanin), SCLN +7% (positive clinical data), ASTM +3.5% (positive clinical data).
Intraday Updates:
- 10:30 The market's been straight up since the open and I'm considering shutting it down for the day. I never do well on days like this b/c the market usually goes sideways (at best) for the rest of the day after such a strong open
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