Watchlist for February 11, 2008

I think the ball is in the bulls' court to start the week. The indices have made higher-lows vs. their January lows and have now reached short-term oversold levels. The big question is can the bulls turn those higher-lows into a series of higher-lows and higher-highs. Obviously, breaking the February highs is the first step.

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. Also be sure to check my typical swing trade entry & exit rules.

Potential day trades:

(From Briefing.com)

Gapping Down

In reaction to weak earnings/guidance: BLDR -11.4%, BRO -10.8% (also downgraded to Neutral from Outperform at Piper Jaffray), INXI -6.2%, BWP -1.9%... Select chinese oil names trading lower: CEO -4.8%, PTR -3.1%, SNP -3.1%... Other news: CHTT -6.8% (announces voluntary recall of Icy Hot Heat Therapy product), SLT -5.3% (still checking), BRLC -5.3% (announces delay of Q208 earnings and provides preliminary Q208 update and an inventory repurchase), HMY -4.6% (still checking)... Analyst downgrades: NURO -20.0% (downgraded to Hold from Buy at Stanford), VLCM -4.3% (downgraded to Mkt Weight at Thomas Weisel), CNC -2.4% (downgraded to Neutral at Credit Suisse), LVLT -2.3% (downgraded to Neutral at Credit Suisse), UTIW -1.6% (downgraded to Peer Perform at Bear Sterns).

Gapping Up

In reaction to strong earnings/guidance: VRAD +4.9%, GTS +3.3%, BER +1.9%... M&A news: HYC +40.8% (receives letter from Ingenico making offer to acquire HYC for $6.25/share), POSS +34.5% (to be acquired by Medrad for $19.50/share), KWD +1.6% (enters into merger agreement with Sun Capital for $21/share)... Select solar stocks showing strength: SPWR +5.4% (also mentioned positively in Barron's), JASO +3.3%, STP +3.2%, ESLR +3.1%, LDK +3.0%, CSIQ +2.9%, FSLR +2.5%... Other news: ONT +13.4% (announces IFX chooses On2 for video codecs), OSUR +7.4% (OraSure Tech and SGP sign international collaboration for rapid point-of-care oral Hepatitis C test), TASR +6.4% (receives "significant" order from new foreign country), CTIC +5.8% (announces that pixantrone was shown to reduce the severity of clinical manifestation in the animal model of the autoimmune disease myasthenia gravis), NEU +4.2% (will replace ATR in the S&P SmallCap 600), ATR +3.9% (will replace VMSI in the S&P MidCap 400), LMC +3.1% (still checking), TWX +2.6% (Yahoo set to revive merger talks with AOL after rejecting hostile takeover - Times of London), AAPL +2.0% (named Top Pick at Citigroup), GFA +1.8% (Cramer makes positive comments on MadMoney)... Analyst upgrades: DSCO +4.6% (upgraded to Buy at Brean Murray), FRO +2.8% (upgraded to Neutral at JPMorgan), JCI +2.3% (upgraded to Buy at Calyon), ATI +1.8% (hearing upgraded to Buy at tier 1 firm), GSK +1.5% (upgraded to Buy at UBS), RTN +1.1% (hearing upgraded to Neutral at tier 1 firm).