It's oil inventory report day so I'll be (happily) on the sidelines until after 10:30...
Potential swing trades:
Longs: AG, APH, BGC, CSX, CTXS, EMKR, EXP, FCS, ISE, LVS, PALM, PAY, PNK, RFMD, RSAS, STP, VMC, WFR, WWW
Shorts: None
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: SIRF -11%, ZBRA -11%, MCRL -9.7% (also downgrades from Citigroup and Deutsche), PRAI -8.6%, ENWV -6.5%, SEAB -5.9%, CAKE -5.3% (also Pru lowers tgt to $35), BYD -4.8%, PFCB -4.3%, VRTX -4%, LPSN -3.9%, ABN -2.9%, EXTR -2.4% (also BofA downgrade), PNRA -1.8%, S -1.3%, GLW -1.3%, MCHP -1% (also Deutsche downgrade).... Other News: ROHI -10% (Jefferies downgrade), UTSI -7.6% (delays 10-K filing), CTRP -2.7% (downgrades from Piper and Deutsche), TZOO -2.1% (profit taking after huge move), PEIX -1.8% (same).
Gapping Up
Gapping up on strong earnings/guidance: UARM +26%, SANM +16%, LDIS +16% (also Needham upgrade), TQNT +13%, LIFC +11%, SNWL +7.5%, FLSH +6.7%, WAT +6.5%, WIRE +6.4%, RFMD +6.3% (also Needham upgrade), TASR +5.6%, MTW +5.4%, MNST +4.3%, SFUN +3.9%, FISV +3.9%, ATI +3.7%, ESLR +3.6%, BHI +2.7%, TLAB +2.5%.... Other News: ELSE +15% (momentum, picked up as ethanol play), NWEC +9.1% (to sell itself to Australian co), SVA +8.3% (Bali ducks test positive for bird flu), MATR +5.8% (Stifel upgrade), OLAB +11.6%, BWNG +4.9% (CIBC upgrade), GERN +3.6% (gets patent), GM +3% (Merrill upgrade), LVLT +2.6% (CIBC upgrade), X +2.2% (UBS upgrade), V +2%, RMBS +2%, SI +1.6%, NOK +1.4% (up in sympathy with strong reports from TQNT, RFMD), PHG +1.3%... Under $3: HEC +7% (provides operation update), NYER +4%.
Disclaimer & How I use this list
