We're set for a decent sized gap up this morning - the QQQQ is up 0.46% to 39.50. I just wonder if we'll get any follow-through. I think that most traders would rather have the market gap down in an attempt to flush out the last of the sellers.
I should be taking today and tomorrow off for expiration but who can leave with all this nice volatility? I'm gonna hang around to see if there are any compelling moves. If I don't see anything by 11 or so I'm gone for the weekend.
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: HW -14% (guidance only), NAPS -7.1%, CRM -3.9%, SNDA -3.8%... Other News: RTP -2.7% (Australian stock market sell-off; biggest one day fall since Oct), CUK -2.6% (in sympathy with recent CCL weakness), MSSR -2.5% (stock offering), TS -2.3%, NRF -1.9% (prices offering).
Gapping Up
Gapping up on strong earnings/guidance: STP +14% (up in sympathy: ESLR +4%, SPWR +2.3%), KONG +11%, CTRP +10.9%, SHLD +8.7%, LTD +5.9% (also Morgan Stanley upgrade), GME +4.3%, BEAS +4% (also RBC upgrade)... Other News: SFCC +12% (to phase out Florida operations), GERN +4.2% (adds new VP of Clinical Development), ERS +3.8%, RVSN +3.7% (chairman buys shares), OPWV +3.5% (added to JP Morgan Focus List), NBIX +2.8% (recovers a bit after huge sell-off), LTXX +2.1% (extends yesterday's 23% move), AMTD +2.1% (Mad Money mention), F +1.9%, RMBS +1.8%, MT +1.8% (offer for Arcelor opens), QCOM +1.7% (Cramer bullish on Mad Money)... Under $3: JDSU +3.3% (announces contracts; also Needham upgrade).
Disclaimer & How I use this list
