I'm often asked, like I was yesterday, if I know of a source of all-time highs -- not just 52-week highs which most sources publish. The best & easiest source I know of for all-time highs & lows is UglyChart's daily lists: Here's Ugly's all-time high page and here's his all-time low list. If you subscribe to his blog feed the lists will be pushed to you daily. On to today's market...
That July high on the S&P continues to be formidable resistance. With the lack of volume up here, especially as compared to the volume during the summer slide, I'm starting to think this puppy's about to roll over...
On Today's Calendar:
- 10:00 -- Factory Orders
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: RNIN -27.6%, NTRI -24.3% (also downgraded at Broadpoint Capital and Kaufman), WTSLA -15.8% (also downgraded to Neutral at Cowen), ISLN -16.1% (also downgraded at RBC Capital and Caris & Co), ARM -7.1%, SMOD -6.5%, CNX -4.4... China stocks continue to see volatility, with mixed trading in individual names this morning after the Hang Seng index was down 1.8% (We note that a number of China stocks are gapping up as well): CRNT -5.1% (downgraded to Neutral at Oppenheimer), SSRX -5% (downgraded to Sector Perform at CIBC), YGE -4.2%, CEO -3%, LDK -3% (downgraded to Underperform at CIBC)... Other news: PPCO -28.1% (Endo and Penwest receive paragraph IV certification notice for OPANA ER), HANS -5% (downgraded to neutral at tier-1 firm), ISIL -1.4% (added to sell list at tier-1 firm).
Gapping Up
Chinese momentum names moving higher again in pre-mkt, despite a second down day in Hong Kong trading (Hang Seng -1.8%): GAI +16.6%, RCH +15.7%, NOEC +10.4%, CHNR +9.6%, CHINA +8.9%, GRRF +8.0%, CSUN +7.5%, WX +6.5%, TSTC +6.4%, HIHO +6.3%, EFUT +5.7%, CDS +3.7%... Other news: HEPH +41.7% (announced new preclinical data demonstrated that HE3235 significantly inhibited tumor growth), TBUS +% (receives order from General Electric; Order for digital recorders products valued at approximately $1 mln), CTCT +8.5% (continued momentum after strong IPO opening yesterday), CKNN +7.5% (upgraded to Buy at ThinkEquity), ASTI +7.0% (US Air Force increases funding of ASTI's solar cell program), LDK +6.5% (co issued statement regarding recent allegations, which they believe have "no merit"; we're hearing stock was downgraded at CIBC as well), ATHN +5.7% (Cramer called ATHN the best of his overlooked IPO lot), SPF +5.1% (Upgraded to Neutral at UBS), ISIS +4.8% (reports positive results of Phase 2 study of ISIS 301012 in Heterozygous FH patients), HMY +4.0% (reports that the trapped miners S. Africa are being evacuated).
Disclaimer & How I use this list
