We’ve got another gap up this morning and I’m seriously considering doing the good old gap fade again. If the fade works, and we continue to slide I’ll be watching NDX 1800 closely. It was pretty good resistance earlier this month so things could get interesting around that level.
On Today’s Calendar:
- nothing
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
VXGN -20.7% (FDA maintains clinical hold on co’s anthrax vaccine trial), IMAX -14.7% (Cautious comments from Susquehanna), BMET -3.8% (announces delay in earnings), LLL -2.5% (lowers Y07 guidance), CTSH -2.4% (HSBC downgrade), ESRX -2.4% (CMX acquisition proposal), SLB -1.0% (Goldman downgrade).
Gapping Up
BPA +45.6% (FDA approval of Bio-E-Gel), SYNM +19.6% (dailynews.com article), CNR +19.3% (Manavi 12 update), DCP +15.2% (wins Army contract), JOYG +8.3% (Earnings report), CMX +5.3% (ESRX proposes to acquire), SNN +4.2% (Merrill upgrade/WSJ article), HET +3.0% (nears buyout w/ Apollo and Texas Pacific), COP +2.9% (mentioned positively in Barron’s), CTXS +2.1% (Kaufman note), SIGM +2.1% (BWS Financial commentary)…
Disclaimer & How I use this list
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