So much for the buyable dip/consolidation I charted over the weekend -- we've got a pretty significant gap down this morning that I think will invalidate the support on those charts.
Some stocks which have my attention early - GOOG after Mark Cuban reiterates the click fraud issue on CNBC, AMD (analysts dog-piling on it with another downgrade), BCRX, and TIE.
Also, I posted a lot of links yesterday but they've yet to show up on this site. You can see them at their real home on del.icio.us. (Note to del.icio.us: come on guys fix those RSS feeds so they update in a reasonable amount of time!)
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
SIFY -9% (reports Q3), NMGC -7% (profit taking after recent run), BSX -5% (increases bid for GDT), AMD -4.5% (Merrill downgrades to Sell), DCN -4.4% (reports Q3), AMKR -4%, CRXL -3.7%, AQNT -3.7% (Merriman downgrade), FITB -3.2% (reports Q4), SNDK -3.1% (Citigroup downgrade), TOL -3% (BofA downgrade), HANS -2.1% (Adams Harkness downgrade), FRX -2.6% (reports DecQ), MU -2.5% (Rambus files suit), QCOM -2.2% (CSFB downgrade), AMAT -2% (Deutsche downgrade; Stanford downgrade), BRCM -1.7%, YHOO -1.4% (reports tonight)... Japanese Stocks plunge after raid of Livedoor: IIJI -7%, MC -4.7%, EWJ -3.7%... Under $3: ATA -25%.
Gapping Up
GDT +8% (BSX raises bid to $80/sh), BCRX +7% (receives FDA fast track designation), DCGN +6.5% (discovers major genetic risk factor for diabetes), DESC +6.3% (names new C.E.O., guides), TRMS +6% (clinical data), LMS +4.7% (guides above consensus), SPSN +4.3% (reports Q4 results tomorrow), RHEO +4.3% (momentum), RMBS +4% (files patent infringement suit against Micron), ESLR +3.6% (momentum), UPL +3.4% (moves to #1 on IBD list), TAYD +3.2% (earnings related momentum), X +3.2% (Cramer says co is a takeover candidate), OSIP +3.1%... Oil & gas stocks are strong as Nigerian militants threaten new oil attacks: ECA +3.6%, VLO +3.4%, CHK +1.8%... Under $3: IVAN +15% (process achieves performance goals), GNTA +11% (names new sales mgr), SATC +10% (launches inverter), ISON +5.7% (to participate in security conference).
Intraday Updates:
- 09:31
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