We're set for a decent sized gap up this morning. SPY is up 0.32% and QQQQ is up 0.45%. Assuming the strength holds past the first hour I'll be watching stocks which have pulled back the last several days to see if they can bounce. Some that I'm watching are AEOS, MER, ISIL, AAPL, YHOO and EBAY... Interesting turnaround in GOOG too.
P.S. For some reason today's Tickle Tape makes me think of Ugly & his automated trading system (ATS) :-)
On Today's Calendar:
- 10:00 -- ISM Index
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
Gapping down on disappointing earnings/guidance: UA -8.5%, SRX -5.5%, ANDW -5.4%, TSCO -4.8% (also Raymond James downgrade), AMSC -4.7%, LRW -4.4%, EXP -3.8%, ACLS -3.7%, RSTI -3.7%, BSX -3.4%, JDSU -2.7%, NEWP -2.6% (also announces convertible offering), TJX -1.9% (guidance only)... Other News: HEPH -6.5% (says US govt still evaluating its Neumune proposal so co pushes back its planned contract award date), PRVT -3.3%, LFC -3% (extends recent profit taking), APPB -2.9% (reports Jan comps), STKL -2.9% (prices offering), NVDA -1.4% (Lehman downgrade), EOP -1.3% (VNO raises bid to $56).
Gapping Up
Gapping up on strong earnings/guidance: SWIR +11% (also Piper upgrade), GILD +8.3% (also upgrades from CIBC and JMP Sec), ASD +8.3% (also announces plan to split into 3 businesses), WEBX +7.3%, ONNN +6.5%, ADM +6.1%, ITWO +5.4%, FDRY +5%, TSRA +4.9%, VRSN +4.2%, MYL +3.9%, FORM +3.7%, RNOW +3.7%, GOOG +1%... Other News: UEPS +14% (signs deal with Grindrod Bank to establish a retail banking division), DELL +4.8% (Michael Dell to take over as CEO; also JP Morgan upgrade), EBHI +5.3% (completes accouting review, will not require any restatements), GNVC +4.1% (announces vaccine collaboration with Homeland Security), BHP +2.1%.
Disclaimer & How I use this list
