Ah, expiration Thursday is upon us... let the pinning commence. I usually take expiration Thursdays & Fridays off but I'm going to stick around for a while to see if I can find anything that appears to not be under the influence of pinning. I'll also be watching for a burst of activity at noon due to the Philly Fed Survey.
On Today's Calendar:
- 10:00 -- Leading Indicators
- 12:00 -- Philadelphia Fed
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 on news: MDTH -5.1% (priced additional 4 mln share offering at 33.07), DNN -4.2% (updates Canadian mining and production plans), MU -2.4% (files for a $1.1 bln convertible notes offering).
Gapping Up
Gapping up on strong earnings/guidance: HPQ +1.1%... M&A: ACXM +18.4% (to be acquired by Silver Lake and ValueAct Capital for $27.10 per share), TFSM +4.5% (to be acquired by WPP for $11.75 per share)... Other news: DUSA +32.5% (receives Orphan Drug Designation for Levulan PDT to treat esophageal dysplasia), CTIC +5.0% (receives FDA special protocol assessment comments on the design of Phase III Trial of Pixantrone), GERN +6.0% (its scientists and collaborators differentiate human embryonic stem cells into insulin-producing islet-like clusters), ISIS +4.0% (announces positive Phase 2 data for ISIS 301012), SUNW +3.9% (announces $3 bln share buyback).
Disclaimer & How I use this list
Great blog Mike. Iam a partner in a day trading firm and i tell all the traders to check out your site. Keep up the great work. Your post about your trading tools was very interesting also. Take care.
Thanks Jawbreaker