The bulls did a good job of defending support yesterday as the Nasdaq bounced off of the July highs and the S&P rebounded over its 50-day moving average. In true earnings season fashion, we're now gapping up after last night's reports. Let's see if there's any panic from over-reaching bears...
On Today's Calendar:
- nothing
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
CNTY -6.2%, TXN -6.2%, COH -5.9%, CSUN -5.6%, TLAB -3.4%, BIIB -1.4%, AMAT -0.8%
Gapping Up
On strong earnings/guidance: EDAC +13.2%, NFLX +12.8%, MICC +11.%, JDAS +10.9%, ZRAN +10.3% (also upgraded to Buy at Needham), PTEC +9.8%, AAPL +7.5%, JBLU +6.2%, LXK +2.9%... Other news: CNIC +33.2% (releases mobile update to include Apple iPhone optimization), GRRF +17.9% (obtains 100 mln Yuan RF order), MVIS +13.1% (enters development agreement with Asian consumer electronics manufacturer to create accessory pico projector for mobile phones and other devices), STV +5.7% (recent China IPO -- not seeing any news to account for today's move)
Disclaimer & How I use this list
