It looks like a mixed open today with the Nasdaq flat to slightly down and the S&P set to gap up a bit. The Nasdaq and QQQQ are extended, as evidenced by them walking up their upper Bollinger Bands last week, so a rest for them shouldn’t be surprising.
On Today’s Calendar:
- 3:00 — Consumer Credit
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: LXK -12.8%, PLCE -7.7%, NUHC -7.6%, SMG -4.7%… Other news: GET -3.3% (MercuryNews.com reports GET pulls out of SoCal port project), SONO -11.4% (mentioned negatively in Barron’s), BIDU -2.3% (downgraded to Hold from Buy at Citigroup).
Gapping Up
Gapping up on strong earnings/guidance: SGTL +17.4%, XFML +12.6%, SCHN +5.1%… M&A: FINB +43.5% (Marshall & Ilsley to acquire FINB for $32/share)… Small-cap biotech (primarily RNAi and cancer related) stocks trading higher after ALNY and Roche form alliance on RNAi therapeutics: ALNY +63.1%, CYTR +14.8%, PGLA +10.7%, CTIC +9.7%, ARWR +8.4%, ADLS +7.4%, ISIS +5.6%, NSTK +1.9%… Solar names moving higher with positive news out in FSLR and JASO: FSLR +8.4% (announces five agreements for the manufacture and sale of solar modules), HOKU +4.7%, JASO +4.2% (commences production on four new lines), TSL +3.4%, SOLF +3.3%… Other news: LAB +12.3% (co to review strategic alternatives), CHNR +8.5% (still checking for news), TISA +10.4% (co announces it will acquire Asiasoft), LOCM +9.2% (announces the launch of enhancements to the site’s interactive geographic mapping capabilities), MTLK +5.6% (co announces collaborations with Hisense and IGRS), GILD +3.0% (mentioned positively in Barron’s), TX +3.0% (positive Cramer mention).
Disclaimer & How I use this list
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