Watchlist for September 6, 2006

Here's a chart that I should have included in last night's recap. The "mega cap" S&P 100 Index hit a new 4-year high yesterday. The small cap Russell 200 index is still about 7% off of its high. It's clear where the action is these days...

P.S. I know some of you are enjoying the videos from Hubert & John at Trade the Markets. Their latest 4 videos are listed over in the top of the left column. In the latest, Hubert shows how he trades TICK fades. This is a setup I talked about when I reveiwed their book. It's also an example of the little nuances I said were in the DVD. Hubert shows you how he exits differently than John. It's a good example of traders tweaking stategies to fit their own personalities.

Potential swing trades:

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

Potential day trades:

(From Briefing.com)

Gapping Down

CACS -26% (guides lower on fewer orders; First Albany downgrade), FNSR -12.4% (reports JulQ; also Miller Johnson downgrade), MGLN -8.1% (co notified by WLP it will end contract), KOMG -6.5% (guides Q3 revs below prior guidance), PCLN -6% (two large shareholders sell shares), PNRA -6.3% (reports Aug same store sales; guides lower), TIVO -4.9% (announces stock offering), ACGY -4.4% (profit taking after recent move higher), NVEC -4.4% (profit taking after recent huge move, including +19% yesterday), XMSR -4% (receives SEC inquiry), AAUK -3.8% (gold is seeing profit taking in the pre-mkt on labor data), INTC -1.7% (announces job cuts, restructuring), AAPL -1%... Under $3: EPCT -31% (announces Phase 3 data for LidoPain).

Gapping Up

HAIN 9.5% (reports JunQ), ZGEN +6.6% (positive Phase 3 data for rhThrombin), NFLX +4.1% (JP Morgan upgrade), DSTI +3.8%, NOOF +3.2% (extends recent momentum, +25% in a month), TARO +2.8% (receives ANDA approval), STXN +2.7% (to merge with a unit of HRS to create new company), MRVL +2.5% (Citigroup initiates with $29 tgt), SONS +2.2% (signs distribution agreement with Embarq), TOMO +2.8%, RMBS +2% (extends momentum, +68% since Aug 11), OXGN +2% (extends yesterday's 8.2% move).