As usual, I’ll be taking today and tomorrow off in “observation of” options expiration. I’ll watch the pinning games from the sidelines. Note that the Philly Fed report hits at noon… it was a doozy last month.
On Today’s Calendar:
- 10:00 AM — Leading Indicators
- 12:00 PM — Philadelphia Fed
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Today’s WallStrip stock is Adobe Systems (ADBE)
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: CTXS -18% (also multiple downgrades), LEND -17% (guidance only), IFIN -13% (also downgrades from RBC and Ryan Beck), AMD -10% (also JP Morgan downgrade), COSI -10.5% (reports Q3 revs, guides on EPS), AVCI -6.4%, RDN -5.8%, SSTI -5.4% (also WR Hambrecht downgrade), WSTL -5.2%, SPSN -5% (also Merrill downgrades to Sell), QLTI -4.6% (guidance only; reports Visudyne revenue), ELNK -3.9%, WM -3.9%, NOK -3.4%, CBST -3.4%, LSTR -3.4%, AMLN -2.5%, ALL -2.3% (also OpCo downgrade), ET -2.2%, PLCM -1.6%, C -1.1%, JNPR -1% (reports Q3; down despite Goldman upgrade)… Other news: ATYT -4.3% (in sympathy with AMD as co is being acquired by AMD), EMMS -3.2% (to be dropped from S&P 400), DELL -2.8% (IDC data seen as negative for Dell; also in sympathy with AMD), TSN -2.8% (Deutsche downgrade), ASML -2.4% (extends yesterday’s 6% drop), STJ -1% (Piper downgrade).
Gapping Up
Gapping up on strong earnings/guidance: CPSS +24%, NVEC +13%, LOGI +11%, AVCT +7.8%, IONA +7.1%, RYL +5.8%, AAPL +5.9% (also a number of firms raise price targets), ERIC +4.2%, STLD +4%, ADS +3.6%, UPS +2.9%, BSX +2.7%, ISIL +1.9% (also Pacific Crest upgrade), EBAY +1.8%, KO +1.7%… Other News: OPTV +16% (firm to acquire OPTV’s voting power), VTEK +10% (to be acquired), ECLG +6.7% (co says it may sell enrollment unit), CVGR +5.4% (announces contract, guides for Q3 revs), VPHM +5.1% (extends momentum), GPRO +3.7% (gets FDA clearance for Aptima), HANS +2.8% (to be added to S&P 400).
Disclaimer & How I use this list
{ 3 comments }
I really like the length of the WallStrip segments; short enough for a quick watch but still engaging. Also, I know that Trader-X has already has already professed his love for Lindsay, so I won’t go there out of my pure respect for him. However, I’d like to get my hands on her WallStrip t-shirt — where can I get one?
Sorry, I accidentally wrote “has already” twice in my above post. Damn, now I’ve written in 3 times — could this turn into an infinite loop? Sorry, I’m being a huge geek. :-b
Dude, back off my woman. At least until I actually get a restraining order (and not just empty threats, WallStrip lawyers).
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