Watchlist for September 27, 2007

I think we're going to find out real soon whether the Nasdaq can break its 2007 high. This gap up should put it real close to that resistance level.

On Today's Calendar:

10:00 -- New Home Sales
10:00 -- Help-Wanted Index

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

On weak earnings/guidance: XRTX -6.2%, RAD -5%, PAYX -2.9%, KBH 1.6%... Other news: CNIC -4.5% (profit taking following yesterday's strong move), SIGM -2.7% (announces pricing of public offering of 4 mln shares of common stock), SBUX -2.5% (downgraded to Sell at BofA), ZNH -2.3% (still checking for anything new), CMO -2.1% (announces pricing of public offering of common stock).

Gapping Up

On M&A news: TRFX +68.1% (co and NWMO.OB to merge; TRFX shareholders will receive approximately 0.683 of a share of NWMO.OB)... Continued momentum in China names: KONG +29.1%, CBAK +22.5%, LTON +13.1%, SDTH +12.9%, JRJC +9.3% (tgt upped to $35 at Brean Murray), KUN +8.3%, CNTF +7.9%, CDS +4.6%, YTEC +7.3%, FFHL +6.5%... China telecoms rise on continued restructuring speculation: CHA +13.2%, CHU +9.3%, CHL +4.6%, CN +2.4%... Other news: SIGA +13.5% (announces ST-246 completely prevents mortality in Symptomatic Orthopox Virus infected primates), SPAR +7.6% (announces $52 mln subcontract for MRAPs), BTE +7.3% (positive Cramer mention), DIVX +7.7% (co and Yahoo! announce two yr distribution deal with Yahoo! toolbar and Internet Explorer 7), SLM +5.9% (WSJ reported J.C. Flowers is open to renegotiating; FBR says deal could potentially be repriced in the $55-$57 per share range), WEN +3.5% (WSJ reports that new bidders for co join line for next round), LDK +3.5% (announced five-year contract to supply multicrystalline solar wafers to Taiwan-based Mosel Vitelic), ALU +3.1% (upgraded to Buy at Dresdner Kleinwort), AMR +2.9% (FL Group urges American Airlines to consider all options to enhance shareholder value), INFY +2.5% (gains in India on speculation it may raise forecast - Bloomberg.com), EBAY +1.6% (ests raised at tier-1 firm).