What's all this red on my screen this morning? Can these stock things actually go down as well as up? ;-) We've got a slight gap down this morning but it's nothing to be really concerned about just yet. I will be watching those laggard small caps (Russell 2000) closely to see if they violate any technical levels.
On Today's Calendar:
- 10:00 -- Wholesale Inventories
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: CUTR -22.9% (also downgraded to Neutral at Merriman), UFPT -17.2%, MSTR -14.7%, DJO -12.2%, NUHC -11.9%, HLYS -9.6%, FTEK -9.4%, WTI -7.4%, PWAV -7.0%, ORCT -6.7%, LAZ -6.3%, BRNC -5.3%, NSTK -5.3%, WCI -4.5%... Other news: IDMI -17.2% (continues to sell off following yesterday's FDA news), DNDN -4.2% (hearing UBS and Stanford out with cautious comments), AAUK -4.2% (down in London trading as mining stocks decline).
Gapping Up
Gapping up on strong earnings/guidance: ATRO +20.5%, ECGI +16.2%, LIOX +11.3%, MDR +10.5%, AQNT +9.9%, WRNC +7.8%, NILE +7.7%, HAYN +7.7%, WCG +6.9%, AFSI +6.0%, ADAM +5.6%, PKD +5.1% (also awarded contracts in Mexico and Turkmenistan), VOLC +5.1%, XRIT +4.9% (very light volume), GMXR +4.9% (very light volume), AMOT +4.4% (very light volume), WOLF +4.3% (very light volume), AOB +4.2%, SONS +3.4%, PLA +3.0%... M&A: AKS +19.0% (Arcelor Mittal to bid for AKS - FT)... Other news: TRIS +24.3% (awarded $30 mln contract to provide security services in Washington state), ISPH +9.6% (announces positive results of Phase 2 trial of epinastine nasal spray for seasonal allergic rhinitis), MRGE +6.0% (initiated with a Buy at Jefferies), ASTM +7.6% (FDA approves Phase III IND for treatment of osteonecrosis of the femoral head; also reports... other stem cell stocks up in sympathy: STEM +4.2%, GERN +0.7%), RACK +3.0% (settles patent litigation), COMS +3.3% (Citadel discloses 8.4% stake).
Disclaimer & How I use this list
Its about time the stocks dropped off a little today at the time of this posting. I wonder if it is just a one day or will it continue over the next week or so. Its had quite a run up.
Not much of a drop off. :/