The market's set to open down a little. I'm watching the S&P and Nasdaq 50-day moving averages for support. It looks like both indices will test those moving averages right at the open...
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: TXN -3.6% (mid-qtr update; also Susquehanna downgrade; down in sympathy: NOK -1.3%), CMGI -9.2%, MYOG -8.3%, OVEN -8.4% (also Wm Blair downgrade), FCEL -5.8%, LIFC -4.7%, KOMG -4.1% (also Matrix downgrade), ALTR -2.8% (mid-qtr update), SMTC -1.2%... Other News: GNTA -9% (stock offering), AVNX -8.4% (stock offering), IVAN -4.6% (discusses latest test run), Q -4.2% (downgraded to Sell at Stifel), FNSR -4% (profit taking after recent run), CRXL -2.8%, UBS -2.7%, SOSA -2.6%, WDC -2.3% (downgraded to Sell at Kaufman), BWNG -2.3% (profit taking after recent run), STM -1.6%, GOOG -1% (overall weak tech), BRCM -1% (same)... Gold mining stocks are weak on lower gold prices: KGC -4.6%, HMY -3.5%, GFI -3.3%, BHP -2.8%.
Gapping Up
Gapping up on earnings/guidance: OPTC +17%, GEMS +10.6%, EIX +3.7%... Other News: AN +9% (announces tender offer to purchase 50 mln shares), PENN +7.2% (broker upgrade), HL +10% (bounces after 5% drop yesterday), VTIV +4.3% (added to the S&P smallcap 600), OLGC +4.2% (expects Phase 3 results by end of month), CBST +4% (positive outcome from FDA commitee), LSI +2.9% (cancels IPO of storage systems unit), QLTI +2.3% (rovides update on Eligard patent litigation), OVTI +2% (LG selects OmniVision as strategic supplier)... Mad Money Mentions: NHWK +7.6%, ATHR +3.8%, THS +2.5%... Under $3: CYTR +9% (publication of data).
Disclaimer & How I use this list
