It looks like a flat opening today and if recent history is any guide today will be a consolidation day as the market 'digests' yesterday's big move. I, for one, am not trying to mess up my good week by forcing anything today so I may be gone by lunch time if things aren't popping. :-)
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
ISPH -32% (FDA says eye-drug studies insufficient), IIJI -17% (IPO in Japan does poorly), GHCI -10% (reports SepQ), ABX -4.6%, COGN -2.8% (guides lower; multiple downgrades), ALSK -2.2% (prices offering), STX -1.6% (announces offering), GM -1.4% (BWeek article: What If GM Did Go Bankrupt), LRCX -1.2% (Citigroup downgrade), X -1.1% (UBS downgrade)... Under $3: TAG -6.6%, CPN -5%.
Gapping Up
Gapping up on strong earnings/guidance: OVTI +18% (also Jefferies upgrade), SEAC +10%, NOVL +2.9%... Other News: MOVI +21% (JP Morgan initiates with an Overweight), BBI +9% (JP Morgan initiates with $5 tgt, adds to Focus List), SFCC +6% (plans to address capacity in Miami; gets ok for $30 mln buyback; Baird upgrade), FINL +6% (Mad Money mention), VCLK +5.6% (Citigroup initiates with $24 tgt), NGAS +4.4%, SOHU +4.1% (BWeek mention), OPSW +3.4% (director buys 80K shares), SBUX +3.3% (Nov comps), NVLS +3.2% (Citigroup upgrade), RACK +3% (follow-on offering), SHPGY +2.7% (partnered with NOVN, which has drug being reviewed), MACR +2.7% (to be acquired by ADBE today), GPS +2% (Lazard upgrade), CHK +1.8%, VPHM +1.8%, NWEC +1.7% (Mad Money mention), RIMM +1.5%, AAPL +1.1%... Under $3: VNWK +23% (to be acquired), CNXT +6% (Mad Money mention).
Intraday Updates:
- 09:23 IIJI is a trip! They have no luck with listing their shares in Japan. I may have to short it again
- 09:44 GOOG and YHOO are looking like they can be shorted again
- 09:46 They are just killing APPX.. it's bottomless!
- 09:48 Looks like ISRG wants to be at 120
- 09:52 SFCC has my attention. That's one fugly daily chart so it may be due for quite a bounce
- 10:03 The 10:00 reversal is right on schedule with GOOG leading the way to news highs on the day. So much for trying to short that
- 10:05 Im watching VCLK closely as it tries to get back over $20
Disclaimer & How I use this list
Mike, but you have achieved your best results in side-ways markets. So today could be a banner day. Good luck.
Thanks, but some of my worst results were in choppy, sideways markets too! :-)
Mike,
RE: ISRG
Was the runup to just above the recent congestion range done to clean out the stops set by the shorts ?
I doubt if anybody other than a market maker would know that for sure.
would you do me a favour and kick off IIJI of that support on 12.20? They are not listening .
thanks