The bulls are back and emboldened this morning by the revised GDP numbers. The indices are gapping up and if the gap hold were it is now or gets bigger I'll do another gap fade on QQQQ.
Note that the Beige Book comes out at 2 PM...
On Today's Calendar:
- 10:00 -- New Home Sales
- 10:30 -- Crude Inventories
- 2:00 -- Fed's Beige Book
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
COMS -10% (buying out JV partner in China; also Bear Stearns downgrade), CSLR -11% (profit taking after 213% move yesterday), TOPT -10.4% (auditors resign; co to restate results), EXLS -5.5% (multiple initiations of coverage of this recnt IPO; Goldman starts at Sell), WPSC -5% (KeyBanc downgrade), CLWT -5%, ARNA -4.8% (announces stock offering), KFRC -3.2%, SCVL -3.3%, ALD -3.1%, AMLN -2.8% (Piper lowers Q4 Byetta estimates), ACGY -2% (provides guidance), DG -1.9% (names new C.O.O.).
Gapping Up
TATTF +24%, RSTO +10% (also BB&T upgrade), DBRN +8%, SIGM +7%, MBT +5.4%, ARO +5.4%, TIF +5.3%, LNUX +4.4% (also ThinkEquity raises tgt to $6)... Other News: DVAX +28% (positive clinical results for Heplisav), POSS +16% (gets FDA clearance for catheter), TISA +10.4% (announces it will dual-list on Tel Aviv stock exchange), ABBI +12% (gets generic approval for Unasyn), DIL +6.6%, TGEN +5% (has been volatile all week), PNTR +5% (momentum continues), GSK +3.1% (drug stocks strong in Europe), AZN +3.1% (same), AAPL +1.6% (Bear Stearns raises tgt to $100), PFE +1.4% (announces it will reduce sales staff), INTC +1.3% (positive UBS comments), VZ +1.3% (AG Edwards upgrade), ASML +1.1%... Under $3: MKTY +14% (seen as sympathy play on WSJ article re battery startups), INHX +9%.
Disclaimer & How I use this list
