It's feeling like the movie 'Groundhog Day' to me. We're gapping up again and for the second day in a row the QQQQ is bumping up against the previous day's highs in the pre-market. Given that stocks are so focused on oil right now do be aware of the oil inventory report that hits at 10:30. As you know, I'll be on the sidelines until after the report...
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance: ENTU -14% (also Merriman downgrade), REDE -12% (also C.E.O. steps down, JMP Sec downgrade), EGHT -7%, GLW -6.4%, STJ -2.7%, STM -2.5%, SUNW -1%... Other News: AMTD -26% (goes ex-div on $6/sh dividend), IVAN -15% (says California deep gas well test disappointing), IVX -13% (being acquired by Teva), KRY -6%, ENER -3.5% (Herb Greenberg comments), STX -2.2% (large investors sell stake), LOGI -3%, NTMD -2.8% (stock offering), IMCL -2.1% (NY Times says co considers selling itself as it replaces its chief again; JMP downgrade), BSX -2.1% (JNJ not to bid higher; GDT -1.7%), ADBE -1% (Baird downgrade).
Gapping Up
Gapping up on strong earnings/guidance: EZPW +16%, NFLX +13%, RFMD +12% (also Deutsche upgrade; up in sympathy: SWKS +4.9%), CBRL +11% (reviewing initiatives), CKFR +11% (also Stifel upgrade), TRMB +10%, SLAB +9.4%, SAP +7.6% (also Deutsche upgrade), ATI +6.7%, AHC +5.7%, CTEC +5.3%, FLSH +3.1% (up in sympathy: SNDK +2.5%), BLS +2.5%, COP +1.7%... Other News: APPB +9% (Jan comps; KeyBanc upgrade), BBC +7% (announces stake in CHNG.OB), SIFY +6%, TASR +5% (lawsuit victory), RI +4% (upgrades from Raymond James and Bear Stearns), ICE +3.7% (extends yesterday's 10.5% move), EGY +3.6%, BOBJ +3.3% (wins patent ruling vs MSTR), ISRG +3.2%, ADTN +3% (Morgan Stanley upgrade), PIXR +3% (officially announces it will be acquired by DIS), LAB +2.7% (extends yesterday's 14% move), UIS +2.6% (elects chairman), RMBS +2.3%, AAPL +1.9%, GOOG +1.8% (to launch service in China - WSJ)... Mad Money mention: REDF +19% (Cramer says it's the Indian version of Yahoo or maybe Google)... Under $3: NEXM +11% (private placement), GNBT +3.5% (clinical data).
Disclaimer & How I use this list
Hi Michael. Wondering what your opinion is of nelnet (NNI)? It's an interesting chart that has shown a lot of strength when its peers have not.
Mike, what am I missing in the Potential Day Trades? I haven't seen an intraday comment from you since back before your Christmas vacation. I see the Briefing.com gappers but that's it.
Doc Dan,
I've given up on the intraday posts for the time being. There are a couple of reasons:
1. I don't think many people read them.
2. I need to focus on trading & watching my charts during the day.