It looks like we're set for a flat open today. I'm wondering if the bulls have any fire power left for a month-end markup. That might be a nice setup for the "sell in May and go away" trade. And speaking of going away, I'm taking the week off. Look for regular posting to resume next Monday. Good trading to you...
On Today's Calendar:
- 9:45 -- Chicago PMI
- 10:00 -- Construction Spending
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: IBN -6.2% (co also to offer stock)... Other news: ATML -3.9% (reports findings of Audit Committee investigation of historical stock option practices).
Gapping Up
Gapping up on strong earnings/guidance: NGA +22.3%, CRNT +13.3%, XFML +9.9%, RSH +8.1%, VSH +8.0%, HERO +6.8%, BEAV +5.1%... Other news: ISE +43.3% (Deutsche Boerse contemplating bid for ISE for approx. $2.8 bln cash, or $67.50 a share), NPTH +26.2% (to be acquired by GB for $14.38 per share in cash), ISPH +24.0% (announced FDA approval of AzaSite), IOTN +19.7% (positive Cramer mention), IDIX +14.7% (announces European Commission approved Sebvio), AVNR +14.4%, SGMO +13.8% (announces research and license agreement with Genentech), ISV +13.0% (announces FDA approval for AzaSite; approval triggers $19 mln milestone payment), NTWK +7.8% (NTWK Pakistan subsidiary reports Q3 results).
Disclaimer & How I use this list
