Watchlist for March 13, 2007

Has the music stopped again? We're gapping down and just about wiping out all of yesterday's gains in the process. Retail sales, the Yen carry trade and more sub-prime lender woes are taking the blame today. Once again I'll be keying off of a break of yesterday's index ranges.

On Today's Calendar:

10:00 -- Business Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

Shorts: FRO, SWKS, CENX, ACAS, VTR

See one of the recent 'Chart Reading' posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

Gapping down on weak earnings/guidance: AOB -17.4%, SHFL -12.8% (also downgraded to Hold at Jefferies), WPTE -9.0% (also multiple downgrades), IFOX -6.6%, TXN -2.1% (down in sympathy: CY -2.5%, MRVL -2.4%, SIMO -2.1%, AMAT -0.7%, NVLS -0.6%, KLAC -0.5%)... Subprime meltdown, this time on LEND "strategic options" announcement: LEND -46.1%, FMT -13.1%, NFI -12.7%, AHM -6.6%, IMH -6.4%, CFC -4.4%, NDE -3.9%... Other news: TSL -4.1% (Hang Seng index closed down 0.6%; also likely profit-taking after 2-day eight point run), RSH -2.4% (downgraded to Underperform at RBC).

Gapping Up

Gapping up on strong earnings/guidance: SWHC +8.2%, JCOM +6.7%, NABI +3.5%, GIGM +2.9%, DKS +2.9%... M&A: WCI +13.0% (Icahn affiliates plan $22/share offer for WCI), SFC +11.1% (to be acquired by Macquarie-led consortium for $14.50/share), CSG +9.3% (shares rise on speculation about a takeover - Bloomberg.com), ... Other news: IVAN +12.3% (says produces 'high-quality' heavy oil product with novel process design), ADLR +6.4% (follow-through momentum resulting from yesterday's Entereg news), ORCT +7.0% (close to signing contract worth tens of millions of dollars with unidentified co, Ma'ariv reports - Bloomberg.com), MAMA +5.5% (announces partnership with Yahoo! to connect Australian Internet searches with relevant advertisers), HST +4.5% (will replace PD in the S&P 500), CYTR +3.7% (Fidelity discloses 13.0% stake), AMSC +2.6% (signs multi-mln dollar contract to develop wind energy systems for Chinese mkt).