This should be an interesting week, to say the least. CPI and PPI come out the next two days and this week is a quadruple expiration. Fun times...
I'm still watching the S&P 500's 200-day moving average closely. I'm probably not buying anything until (unless) that line is broken.
P.S. For those who downloaded my position sizing spreadsheet, I forgot to mention that the spreadsheet displays the number of shares rounded off to the nearest 25 shares. Feel free to change that if you wish.
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
IFO -14% (removed from IBD 100 list), NRG -6.1% (MIR withdraws bid for the co), CRXL -5.8% (continues its recent slide), MNST -6.3% (to review stock option policy), SGG -4.5% (Wind-Power Projects Halted -- Wash Post; also ZOLT -4.3%), DIS -2.8% (Citigroup downgrade), LPL -2.7% (lowers guidance), NVDA -2.6% (FBR lowers tgt to $18 from $23), WLP -2.6%, FTE -2.2%, BRCM -1.9% (reviews stock option grants).
Gapping Up
BSML +27% (rejects Futuredontics proposal), POZN +7.6% (HSBC upgrade following Friday's 61% sell off), HANS +5% (announces 4-for-1 split), PWAV +4.7% (to acquire wireless infrastructure unit of Filtronic), MIR +4.3% (withdraws proposal to acquire NRG), PDC +4% (mentioned in Barron's), FNSR +3.9% (bounces after recent sell off), MIKR +3.7%, CHNR +2.7% (extends Friday's 35% move), HOM +2.7% (Alberto upgraded to tropical storm), BHP +2%, DNA +1.9% (Merrill upgrade), GM +1.8% (Progress toward resolution of Delphi situation positive - Pru), LEH +1.7% (reports MayQ), PEIX +1.6%.
Disclaimer & How I use this list
