The futures got a nice pop on the back of the employment numbers. As always with these morning gaps, I won't be chasing 'em out of the gate. And I'll reserve judgment on how the market truly feels about these numbers until I see how & where the market closes.
Update @ 9:26: Sellers are stepping in already. Should be an interesting first hour...
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
SFNT -10% (CFO resigns, guides below consensus; co will not be acquiring nCipher), EXTR -10.6% (guides lower; also Citigroup downgrade), XXIA -8.1% (guides below consensus), RIMM -4.9% (reports FebQ, disappointing MayQ guidance; also Bear Stearns downgrade), NVAX -4% (Cramer bearish on Mad Money), AU -2.7%, MEDX -2.6% (prices offering), PHIIK -2.5% (prices offering), VLO -2.4%, PTIE -2.3% (Cramer bearish on Mad Money), CCJ -1.8% (announces Cigar Lake project delay), ALA -1.7%, BBBY -1.3% (JP Morgan downgrade), PTR -1.2%.
Gapping Up
OLAB +39% (announces exchange agreement with Partner Success Holdings), WEBM +11% (guides higher), FSII +7.4%, ILMN +5.4% (guides higher), AMRN +5% (pre-clinical data), TS +4.4% (momentum), BDCO +4.7% (momentum), ISIS +4%, BRCD +3.7% (Mad Money mention), FORD +3.7%, TOPT +3.4%, ELN +3.2% (Tysabri data), ARW +3.2% (C.E.O. appears on Mad Money), BW +3.1% (momentum, stock +50% in 2 weeks), SBUX +2.9% (March comps), CKR +2.8% (reports JanQ), BP +2.7%, FIZ +2.6%, TOT +2.5%, MSO +1.8% (eyes home shopping biz -- NY Post)... Under $3: TMTA +11% (new project agreements with Sony), CVM +4.2%.
Disclaimer & How I use this list
