Watchlist for February 6, 2007

I'm still looking for the recent narrow trading ranges to be broken. If the futures hold up the S&P will actually gap above the highs of the last two sessions by about a millimeter. Seems like a sucker move to me :-) and if the gap was larger I'd try a gap fade. But with a small gap like this I'll just wait to see what's up at 10:30...

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

Gapping down on disappointing earnings/guidance: BLG -10%, QSII -8.1% (also announces SEC investigation), ENCO -13% (guidance only), NAVR -7.7%, MM -7.5%, SOHU -6.5%, PPDI -3.7%, ELNK -3.3%, IACI -3.2%... Other News: CYBX -11% (Medicare rejects co's depression device), GSAT -10% (in an 8-K filing, co says some satellites have seen a degradation in performance; also Wachovia downgrade), VIAC -7% (announces phase 1 clinical data), TTWO -3.6% (Icahn sells stake, according to NY Post), SINA -2.7% (in sympathy with SOHU), ONNN -2.7% (large shareholder announces sale), BPT -2.5% (co's 2007 output seen below forecasts), NSM -2.4% (guides lower; also downgrades from Citigroup and UBS), RMBS -2.1% (profit taking after 24% move yesterday)... Under $3: ARTG -11% (reports Q4).

Gapping Up

Gapping up on strong earnings/guidance: ISE +7.4%, ARMHY +9%, PEC +6.5%, RATE +6.1%, NUAN +5.7%, CE +5.2%, IKAN +4.1%, NOV +4%, AVP +4%, GRP +3.8%, CHINA +3.2% (guidance only)... Other News: ACCP.OB +18% (extends huge move since being profiled in BWeek's Inside Wall St section), MOVI +15% (to refinance senior credit), HOKU +14% (announces polysilicon supply agreement), RDN +9.1% (to merge with MTG +8.1%), OMTR +7% (Microsoft selects co for its Zune product), MEA +5%, CYTR +4.5% (to proceed with Arimoclomol study), TLAB +4.1% (Merrill upgrade), HCBK +3.6% (to be added to S&P 500 index), NVDA +2.6% (JP Morgan upgrade), USO +1.5%, NVS +1.2% (co seeking to acquire stake in Indian drug company -- Hindustan Times), LVLT +1.3% (extends recent momentum), CSCO +1% (co reports tonight), EOP +1% (Blackstone ups bid to $55.50).