The futures have slipped a little bit but are still above fair value. I think a lot of traders have their eyes set on S&P 1,500 so let's see if we can hit that level.
On Today's Calendar:
- 10:00 -- Help-Wanted 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 weak earnings/guidance: SMMX -20.2% (also downgraded to Neutral at Nollenberger), ISLN -18.3%, AFFX -11.0%, CCMP -9.3%, LSI -7.6%, ARBA -7.4%, VAR -6.4%, LYO -5.9%, SKX -5.6%, SLW -3.9%, ALV -3.8%, LGBT -3.6%, LVLT -3.6%, HLIT -3.5%, ERIC -3.2%... Other news: TIBX -4.5% (downgraded to Sell at Goldman).
Gapping Up
Gapping up on strong earnings/guidance: ALGN +20.7%, OI +17.4%, FFIV +16.5%, NTRI +15.0% (also target raised to $96 at Citi), WEN +11.8%, SWKS +9.6%, MCRL +8.6% (also upgraded to Outperform at JMP), AAPL +7.9% (also downgraded to Hold at Citi on valuation), VDSI +7.6%, MTH +7.5%, AGIX +7.4%, F +7.4%, BLL +6.5%, PMCS +6.4%, CEPH +5.6%, PMTI +5.0%, XLNX +5.0%... M&A: CVNS +24.3% (to be acquired by Computer Sciences for $34/share), CSTL +11.8% (to be acquired by Captaris for $3.95/share)... Other news: CBRX +39.7% (reports preliminary findings from data analysis of Phase III study of Prochieve 8% to prevent preterm birth), LJPC +6.3% (receives Riquent composition of matter patents in Europe and China), ZVUE +5.9% (announces that its Putfile.com site has been named by In-Stat as the 15th most popular user-generated content Web site in the world), APPB +1.7% (announces that strategic process has yielded several non-binding, preliminary proposals to acquire the co).
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