Looks like that retest of the recent lows may be starting already. The futures are down this morning for some or all of the following -- Wal-Mart's sales disappointment, a GM downgrade, European markets down ~1% across the board, and oil rising above $72/barrel.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
DVW -12% (guides revs below consensus; files shelf registration), LVLT -5.9% (announces two separate offerings: stock and convertible), CA -4.8% (delays Q4 release; postpones June analyst day; announces preliminary results), VG -3.7% (analyst on CNBC negative on VG), IFO -3.6%, LRCX -3.1% (Stanford Research downgrades to Sell), GM -3.1% (Deutsche downgrades to Sell), PWAV -3%, RTP -2.2% (profit taking after recent run, stock up 25 pts last week), JOYG -2.2% (files 10-Q), COGO -1.8%, WMT -1.8% (reports disappointing May same store sales), SNDK -1.4% (negative Barron's article), AMD -1.4% (to expand operations in Germany; negative broker comments), TIE -1.2%.
Gapping Up
ADEX +24% (KLAC changes its offer to cash rather than stock), KMI +21% (receives going private proposal; KMP +5%), CGPI +16% (gets FDA approval for Oracea), IDT +15% (mentioned positively in Barron's), VICL +10% (to begin Phase 3 trial), TRB +7.6% (announces large share buyback), PEIX +5.6% (bounces after 6.4% drop on Friday), SIRI +5% (Lehman upgrade), NG +4.5% (to acquire "green power" co), EP +4% (in sympathy with KMI), SLW +3.9% (mining stocks strong in pre-mkt), PVX +3.2%, VOD +3.1% (reports MarQ), MVL +2.7% (X-Men strong debut at box office), TLM +2.6%, ECLP +2.5% (FBR upgrade), JBLU +2.3% (Merrill upgrade), SUNW +1.8% (UBS upgrade)... Under $3: HCTL +72% (reports Q1).
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