Watchlist for May 2, 2006

Looks like cooler heads are prevailing this morning. The futures are indicating that a good portion of yesterday afternoon's losses will be made up on the open.

Speaking of yesterday's little fiasco, Olaf was kind enough to send me a link to the video of Maria Bartiromo's 3 PM interview. (Apparently only works in Internet Explorer.) Be sure to pay attention just after the 3:50 mark when she turns around to look at all the ruckus in the bond pit and then says something like "it sure is getting loud out there, seems like something is going on." :-D

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: EFJI -32%, AMCS -18%, NTMD -14.5%, SAPE -14% (guidance only), SHOO -8.1%, HOV -6.2% (guidance only), UTHR -6%, JOE -5.6%, PLAY -5.3%, IVAC -3.6%, KNXA -3.5% (also downgrades from Cowen and Wedbush), BWNG -3.2%, ARTG -2.4%, IACI -2.3%, LEND -2.3%, MICC -2.1%... Other News: DSCO -5.2% (extends recent slide), ANDE -3.4% (profit taking after recent run), KOMG -2.4%, DBRN -2.3%, JBLU -2.1% (JP Morgan downgrade).

Gapping Up

Gapping up on strong earnings/guidance: VICL +32% (also co says its bird flu vaccine works in rodents), VC +30%, BGC +10%, CYBX +9.5% (guidance only), VSH +6.6%, SIRI +6.3%, GW +5.6%, ICE +4.1%, CHK +2.6%, OSK +2.5%, TXU +2.2%.... Other News: GOAM +24% (launches i711 Wireless for BlackBerry devices), CERG +17% (to be acquired by AFG), BBC +9.7% (bounces after 36% drop yesterday), CUP +7.6%, BDCO +6.1% (newsletter mention), BKHM +5.4%, HOM +4.7% (momentum), SINA +4.3%, AMX +3.5%, SPIL +3.1% (momentum), ASML +2.6%, GLG +2.4%, LUV +2.4% (JP Morgan upgrade), ALA +2.4% (bounces after recent sell-off), SMSI +2.4%, LVLT +2.1% (TWP upgrade), AXA +2%, F +1.9% (says April was bes tever hybrid sales month), BP +1.8%, BRCM +1.5% (launches switch product)... Ethanol stocks are strong: MGPI +6.2% (Mad Money mention), PEIX +4.1%, ADM +2.9% (reports Q1).... Under $3: NYER +5.8%, IIP +5.1% (optmizes portable network), CBMX +3.2% (to collanorate with Washington animal disease lab).