Despite the low volume yesterday the S&P and Nasdaq managed to break their steep downward sloping trendlines. They both sit right at resistance. It'll be interesting to see if they can close above those resistance zones given that volume should be even lighter today.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
CMOS -15% (reports Q2 results; guides Q3 revs below consensus; multiple downgrades), PEIX -10% (announces $145 mln private placement at $26.38/sh), IMOS -4.7% (prices offering), UEPS -2.9% (announces sale of stock by employees and officers), HET -2.2% (LVS wins bid for Singapore casino), GCA -1.6%, ALTR -1% (announces developments from option review).
Gapping Up
LVS +12.3% (wins bid to build first casino in Singapore), CBST +11% (FDA approves expanded label), SKIL +7% (reports AprQ), CROX +7.3% (guides higher), NXG +7.3% (extends yesterday's 5% move), JNPR +5.3% (to be added to S&P 500), CHS +4.7% (reports AprQ), SCHW +4.6% (BofA upgrade), MT +4% (Arcelor to merge with Russia's Severstal; as a result, MT may not be able to acquire Arcelor), CELG +3.9% (Thalomid gets FDA approval; also Mad Money mention), HOM +3.1%, SGMO +2.8% (peer-reviewed article demonstrates preclinical efficacy of ZFP Therapeutic), TS +2.8% (extends yesterday's 5% move), GM +2.7% (Pru upgrade; also co to make major investment announcement at Ypsilanti on Tues), BMRN +2.6% (Mad Money mention), BTU +2.5% (initiated with an $82 tgt at RBC), BOBJ +2.4%, HGSI +2.4%, SIRI +2.1%, RTP +1.8% (Australian stocks were strong last night), TIE +1.8% (provides update on expansion plans), BIDU +1.7%, MA +1.6% (recent IPO extends move), NOK +1.5%, JOYG +1.5% (Harris Nesbitt upgrade; bounces after 9% drop yesterday).
Disclaimer & How I use this list
