Looks like the S&P will spring back above (barely) its 50-day moving average on the open. Let's see if it can stay above after the oil inventories hit at 10:30...
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 diappointing guidance: PXPL -38%, AVID -15% (also multiple downgrades)... Other News: BDCO -8.2% (profit taking after 40% move yesterday), TOPT -20%, AEMLW -14%, HDI -4.6% (reports in-line Q1), UHCP -4.4% (profit taking after 32% move yesterday), NYB -3.6% (prices offering), VIV -3.2% (extends slide), SLAB -2.2% (Citigroup downgrade), ESLR -2.1%, ARBA -2.1%, BHP -1.7%, DNA -1.6% (reports Q1; Rituxan sales disappoint), SNY -1.5%, BOL -1.2% (hold conf call; Walgreen spokesman says stores told to remove all Renu products, not just Moistureloc- Reuters)... Under $3: GTE -7.1%, NXXI -6.5%.
Gapping Up
DTLK +24% (reports Q1, beats by $0.09), CRDN +7.8% (guides above consensus; also FBR upgrade), BELM +6.8%, TIVO +6.5% (extends DirecTV relationship for 3 years), NVAX +4.6% (director bought 25K shares at $4.95), VRTX +4% (Piper upgrade), YUM +3.8% (Moody's reviewing for possible debt upgrade - Bloomberg), CHINA +3.8% (reports Q4), AKAM +3.2% (to be added to Nasdaq 100), VOD +3.1% (VZ may make offer for its Verizon Wireless stake - Reuters), SYNA +3.1% (TWP uprgrade), LVLT +2.9% (sets Q1 report date for 4/25; some think when cos announce dates, they are not going to warn between now and then), PWAV +2.4% (Matrix upgrade), FUEL +2.1% (momentum), CTSH +2.1% (Goldman upgrade), GAP +1.2%, ELX +1.2% (Citigroup upgrade despite guiding lower), BA +1.2% (China deal; also tgt raised to $110 at Morgan Stanley), MOT +1.2% (Bear Stearns upgrade), TDW +1.1%... Mad Money Mentions: TDG +5.8%, OPWV +4.9%, AVNR +4.8%... Under $3: OTD +10%, CTIC +8.8%.
Disclaimer & How I use this list
