The futures point to a higher open today but still well within the ranges of the last few days. I'm hoping that we can break the ranges today. Up or down, it doesn't matter to me, although I do see a lot of good looking short setups on the daily charts.
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: RACK -33% (also Piper downgrade), SWIR -30% (also downgrades from Piper and Morgan Joseph), FORD -28%, VLCM -20% (also Wachovia downgrade), USPI -17%, MEE -16% (also Credit Suisse downgrade), MFE -15%, SPRT -14% (also Miller Johnson downgrade), CKCM -14%, ANDE -9.5%, SOHU -8.4%, MRCY -5.5%, DTE -3.8%, FII -3.3%, CVX -2.9%... Other News: GTOP -31% (Phase III MyVax data; also RBC downgrade), LNCR -7% (BofA downgrade), SINA -5%, SMSI -3.7% (extends yesterday's 12% drop), ISRG -2% (extends yesterday's 11% drop), BIDU -2% (extends yesterday's 21% drop), BMY -1.8% (JP Morgan downgrade), SHPGY -1.5%, RTRSY -1.3%, LSI -1.4%, UARM -1.3%... Under $3: CNXT -4.7% (reports JunQ; also Credit Suisse downgrade).
Gapping Up
Gapping up on strong earnings/guidance: GNSS +21% (also upgrades from Roth and Stanford), AMMD +11%, ONNN +9.5%, GPN +6.3%, SPSX +6.2%, MHK +6.3%, VSEA +5.2% (also Needham and BofA upgrades), FORM +4.1% (also BofA upgrade), PLAY +3.7%, DRIV +3.4%, SRCL +3.2%, LWSN +2.7% (also Deutsche upgrade), APC +1.5%... Other News: ISIS +6.6% (clinical study on a treatment for Lou Gehrig's disease prolongs life in rats), RMBS +5% (accepts $133.6 mln in damages from Hynix), EMIS +3.1% (profiled in BWeek Inside Wall St section), MDG +3%, LBIX +2.5% (extends recent momentum), CRME +2.5% (same), BBY +1.9% (Raymond James upgrade), HAL +1.2%... Mining stocks are trading higher one weaker than expected GDP: AAUK +2.9%, RTP +2.3%, N +1.5%, NEM +1%... Under $3: PXPL +22% (hearing newsletter mention).
Disclaimer & How I use this list
I'm waiting to see how the nasdaq will behave if/when it gets to the 2000 mark. I'm long-term bearish, but I wouldn't be too surprised if the nasdaq bounced off of the 2000 mark. October 05, the 2000 mark proved to be a strong support. Also a strong psychological support (or resistance).
happy birthday mike!
Dude, I am pretty sure I was #1,000,000.