I just got another batch of Covestor invitations so if you want one just let me know.
We've got some strength this morning after some back & forth in the futures after the retail sales data. The buyers don't seem very confident. But maybe they're just trying not to show their hands. Anyway, I think I may be done trading for the week. As you know, I usually take expiration Thursday and Friday off. Now I see that we've got the Beige Book being released at 2 PM today (why can't they release it at 10 AM or in the pre-market?)and PPI hitting tomorrow morning. I can easily see the market being 'on pause' ahead of those releases. So if I don't see anything really compelling by 11 or so I'm gone...
On Today's Calendar:
- 10:00 -- Business Inventories
- 10:30 -- Crude Inventories
- 2:00 PM -- Fed's Beige Book
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: HS -4.2%... Other news: BSX -7.8% (judge rules that some product liability claims can proceed against BSX), LJPC -5.2% (initiated with a Sell at Lazard), IDIX -4.2% (continued weakness after yesterday's ~7% sell-off, downgraded to Hold at Maxim), NFLX -2.6% (continued weakness following yesterday's BBI competitive pricing news).
Gapping Up
Gapping up on strong earnings/guidance: LWSN +10.2%, SAPE +9.0%... Other news: BBI +5.1% (upgraded to Buy at Citigroup), ILMN +4.2% (receives order for 75th genome analyzer, upgraded to Strong Buy at Matrix), RDY +3.9% (upgraded to Outperform at Credit Suisse), ACLI +3.5% (bounces after yesterday's ~10% decline), NBIX +3.4% (announces resubmission of new drug application for Indiplon capsules), RTP +3.0% (Forbes.com reports RTP unit Coal & Allied declares 'force majeure' on number of sales deals), MT +2.6% (Shareholders approve all resolutions on the agenda of MT co's annual general meeting), OMTR +1.9% (announces pricing of public offering of common stock at $18.15).
Disclaimer & How I use this list
