Watchlist for January 27, 2006

You guessed it, another gap up this morning. This time the QQQQ is above yesterday's high (41.68) and its 50-day moving average (41.69). The Qs have actually dropped a bit after the 8:30 economic numbers and now appear to be heading for a test of support. So I'm looking for them to bounce off of the 50-day moving average...

Some stocks that I'm watching that aren't on the gappers list below:

SIMO
SPWR
SPIL
LLTC
AMAT
XLNX

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: MRCY -22%, AFFX -14%, AVID -9.6%, SNDK -8.2% (down in sympathy: LEXR -5.4%), GDT -3%, NVTL -5.7%, ELX -4.6% (also Citi downgrades to Sell), CX -3.7%, VRSN -2.7% (also Wm Blair downgrade)... Other News: BSX -7% (warning letter from FDA), ICE -4.7% (Morgan Stanley downgrade), STXS -4.6% (prices offering), TTWO -4.3% (BofA downgrade to Sell), GIGM -3% (profit taking after recent run), IDCC -2.6% (to oppose Nokia's appeal)... Under $3: BIOM -14% (stock offering).

Gapping Up

Gapping up on strong earnings/guidance: BRCM +21% (also FBR upgrade; up in sympathy: MRVL +7%, NSM +3%), PLAY +16%, MSFT +3.1%, BEBE +12.5% (also Merriman upgrade), PKTR +27% (also Citi upgrade), SWIR +12% (also multiple upgrades), RBAK +11.5%, ACS +10% (also upgrades from UBS and Stifel), FDRY +9.2% (also UBS upgrade), WDC +8.7%, OPWV +7.6%, WFR +7% (also Needham upgrade), COLM +6.6%, ASMI +4.6%, KLAC +3.3%, HAL +2.7%... Other News: DCEL +10% (announces ETC designation in Alaska and Minnesota), CHNR +9% (extends yesterday's 85% move), NTRI +7.6% (Citi initiates with $64 tgt), GTXI +5.3% (BWeek profile), BMD +3.6%, IIJI +3.5%, GERN +3.4% (stem cell news), TASR +2.7%, STX +2.7%, ATI +2.6%, PFE +1.9% (C.E.O. talks of Exubera approval, then takes back comment; also NKTR +2.6%), SUF +2.3%... Steel stocks moving higher on Mittal/Arcelor deal: GNA +5%, AKS +4.8%, NUE +4.5%, X +3.5%... Mad Money mentions: OMN +27%, FCFS +7.5%, GW +4%, CVS +3.3%... Under $3: POCC +12%.