The futures are basically flat this morning and I wouldn't expect much out of the indices until after the Fed decision at 2:15. But the real big event will be GOOG's earnings report after hours! ;-) And speaking of Google, these GOOG for Napster rumors have launched NAPS into orbit. I wonder if it can get back to double digits. Hmm, maybe I won't take the day off after all...
Here's the current Nasdaq chart. I'm watching that red line of resistance which is holding the index back from new highs.
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: SYXI -21%, RNOW -11% (also FBR downgrade), GT -10% (also Deutsche downgrade to Sell), NDAQ -8.4%, UHS -5% (guidance only), CAM -2.3%, VLO -1.6%, MO -1.6%, GILD -1.6%, WYE -1.5%, PD -1.5%... Other News: SOSA -3.5%, TRCI -3.3% (profit taking after 55% move yesterday), CVS -3.1%, SUF -2.4%, GOL -2.4%, SGK -1.1% (prices offering), CSCO -1% (could disappoint with AprQ guidance -- BofA).
Gapping Up
Gapping up on earnings/guidance: ATHR +11%, SEPR +11%, ZRAN +9% (also multiple price tgt increases), ADM +6.8%, KRON +4.8%, CME +4.3% (up in sympathy: BOT +4%), ELN +3.3%, CEG +1.7%, MRK +1.6%, ERICY +1.5%... Other News: NAPS +37% (Google considering alliance with Napster-NY Post), STKL +13% (announces progress on cellulosic ethanol activities), HUN +16% (in acquisition talks - WSJ), APLX +9% (achieves top customer satisfaction score), HEPH +6% (responds to Defense Dept. notice), CPST +4.6% (development agreement), ENWV +3.7%, NHY +3.7% (splits its aluminium division), AAI +3.6% (Calyon upgrade), GFI +2.7%, BBI +2.6%, GG +2% (JP Morgan upgrade), JNPR +1.8% (TWP upgrade), NUVO +1.7% (prices offering near current mkt price), AA +1.5% (UBS upgrade)... Mad Money Mentions: ACAD +21%, PAAS +5%... Under $3: DOR +26% (ricin vaccine shows promise), NYER +7%, ARTG +5.5% (reports Q4), GNTA +5%.
Disclaimer & How I use this list
