The indices are set to gap up on the back of the payroll report. But as we know, the close is more important than the open. I want to see the S&P 500 close above all those long upper wicks I’ve been pointing out. So a close above 1318 would be a very bullish event IMHO.
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: OTEX -16% (also downgrades from KeyBanc and CIBC), CLRK -15%, BKHM -14%, FOXH -9%, RDEN -8% (also Brean Murray downgrade), CAMD -5.7%, NFI -5.3%, MCDT -3.1% (guidance only), CEM -2.1%… Other News: VPHM -7%, EMIS -7%, ADI -2.2% (broker downgrade), PMCS -1.5% (stock offering).
Gapping Up
Gapping up on strong earnings/guidance: ACLS +14% (also Credit Suisse upgrade), CROX +9.2%, TRCI +23%, EP +8% (also Wachovia upgrade), SFNT +6.3%, EOG +3.4%, ATVI +4.3%, LVS +4.2%, BRL +2.1% (also JP Morgan upgrade), BF +1.9%… Other News: VVUS +14% (positive Phase 3 data for Evamist), SGDE +13% (to be acquired), CUP +12% (may be related to pres election), ERS +6% (bounces after 16% drop yesterday), SPAR +4.6% (momentum), CNXT +4.2% (settles litigation), TS +3.2% (momentum), TASR +3.2% (Court affirms use to Taser device over other force), AEG +2.6% (signs deal with DESC +4.3%), MRVL +2.6% (Morgan Stanley initiates with $70 tgt), EMKR +2.2% (tgt raised at 2 firms), ERICY +2%, V +1.6% (games unit says F.E.A.R. will be avaiable for Xbox 360 this fall), PLT +1.5% (Matrix upgrade)… Mad Money mentions: ARRS +6%, CFW +4.8% (C.E.O. interviews with Cramer), NXG +3.8%, NITE +3.7%, SYT +2.5%, BRCD +2.4%… Ethanol stocks bouncing a bit after yesterday’s weakness: PEIX +1.8%, ADM +1.7%… Under $3: FMDAY +21%, IIP +12% (reports Q1), QSC +6.6% (acquires Doral).
Disclaimer & How I use this list
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