Watchlist for June 5, 2006

The futures are indicating a gap down this morning and I'm dusting off my bear suit. :-) I doubt that it'll be market moving but the ISM Services report hits at 10:00.

Potential swing trades:

See one of the recent 'Chart Reading' posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

ONXX -11% (FBR lowers tgt to $21 following data from Pfizer presented at industry conference for its competing cancer drug), FZN -5.6%, EGY -3.9% (profit taking after Frida's 11% move), CBJ -3.7%, IVAN -3.2% (Cramer says it's a sell at current levels), SEPR -2.5% (SEC makes inquiry into stock option practices), APPB -2% (CIBC downgrade), WIND -2% (continues recent sell-off), LUX -1.6%, TIE -1.4% (Cramer bearish on Mad Money), HANS -1.4%.

Gapping Up

LSCP +43% (to merge with AMMD), CUTR +36% (settles patent litigation with PMTI; also Lazard upgrade; up in sympathy: ELOS +4.8%), PCYC +13% (Pac Growth upgrade), FBNW +13% (to be acquired by STSA), OXGN +9.4% (positive phase 2 data), ARIA +8%, FNDT +7.2% (announces share repurchase program), ESLR +5.8% (Mad Money mention), THLD +5.1% (extends Friday's 12% move), IFO +5% (extends 100% move in last 2 weeks), HW +4% (Mad Money mention), SMSI +3.7%, TS +3.3%, JBLU +2.9% (Pru upgrade), ENCY +2.8% (extends Friday's 35% move), SNDK +2.7% (Bear Stearns upgrade), CNET +2.6% (First Albany upgrade), IDNX +2.4% (Mad Money mention), SPWR +2.6% (same), MU +2.4% (amends merger agreement, higher price for LEXR +1.8%), BOOM +2.2% (extends Friday's 18% move), CHK +2.1% (announces acquisitions), LR +2%, PEIX +1.8%, TXN +1.3% (Lehman upgrade)... Momentum oil stocks are on the move as crude oil prices are up strongly on comments from Iran: BDCO +10.8%, GW +4.3%, OMNI +3.5%... Mining stocks are higher as commodity prices rise (see commodity summary): CUP +10.6% (extends Friday's 14% move), KRY +3.8%, EZM +3.7%, SIL +3.1%, NEM +2.4%, GG +2.4%, GFI +2.3%... Under $3: GNLB +42% (enters into license and collaboration agreement with Novarti), GNTA +7.6%, GTCB +6.6% (mentioned in BWeek Online), REV +4.7%.