Man, I feel like I've been watching QQQQ gravitate toward $44.00 for about a year now. In actuality, it's only been about 4 1/2 months. It's gapping up near 44, which happens to be near the top of the triangle I pointed out last night, and I'm thinking about doing a gap fade...
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 weak earnings/guidance: MERX -10.4%, MSPD -7.0%, TASR -6.4%... Other news: INPC -7.3% (co discloses restatement in 8-K filing), GI - 5.3% (TheDeal.com reports the FTC may try to block WNR's acquisition of GI), STEM -4.3%, GERN -3.6% (NY Times article discusses stem cell patents being revoked, mentions GERN), FCEL -3.0% (announces 9 mln share common stock offering).
Gapping Up
Gapping up on strong earnings/guidance: LAYN +9.5%, NAPS +7.2%, LWSN +5.1%... Other news: LEND +20.1% (closes Farallon financing; updates corporate developments), CEGE +16.0% (provides final median survival data from second Phase 2 trial of GVAX for prostate cancer), ESLR +9.4% (announces contract increase with SunEdison), MI +7.9% (WSJ reports that MI and Warburg are near deal on spinoff, MI also upgraded at Fox Pitt), THRX +4.4% (announces positive results of clinical program in beyond Advair collaboration)
Disclaimer & How I use this list
