We made it through this morning’s CPI report with the futures still pointing to a higher open. The report was basically in-line and maybe that’s enough to get a good oversold bounce going.

On Today’s Calendar:

• 10:00 — Mich Sentiment-Prel.

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 disappointing earnings/guidance: FNSR -9.1% (also downgraded to Hold at Piper), BNHN -5.3% (also downgraded to Hold at KeyBanc Capital Mkts)… Other news: CYTX -10.9% (University of California loses rights to ‘231 patent licensed to Cytori; Ruling unrelated to Celution System family of products), AZK -3.3% (defines gold targets and commences exploration program at Kipawa), CSX -3.3% (issues letter to shareholders highlighting TCI Group’s false testimony in U.S. District Court and violations of Federal securities law), KEY -3.2% (prices an 85.1 mln share common stock offering at $11.75/share), ACGY -3.0% (announces the award of a second call-off contract under the offshore engineering and construction Frame Agreement with DONG Energy for approximately $60 mln), ACH -2.9% (still checking), YHOO -2.5% (seeing continued weakness after confirming before the close yesterday that talks with MSFT have concluded; co also announced plans to strengthen competitive position in online advertising through non-exclusive agreement with Google ), OMX -2.3% (will replace MEE in the S&P SmallCap 600), TYPE -2.3% (prices a 5 mln share common stock offering at $12/share), BC -1.6% (to replace COG in the S&P SmallCap 600), RDS.A -1.6% (still checking), CAG -1.4% (Cramer makes negative comments on MadMoney)… Analyst downgrades: NDAQ -4.7% (downgraded to Neutral at Credit Suisse), FITB -1.3% (downgraded to Market Perform from Outperform at BMO Capital).

Gapping Up

In reaction to strong earnings/guidance: SWHC +11.1%, CPST +8.5% (light volume), PWRD +8.1%, LSCC +4.9% STLD +3.1%, ESMK +1.5%… Other news: SEED +7.9% (announces new seed approvals: 3 new corn hybrid seeds and 1 GM cotton seed), LCC +5.9% (accelerates business model transformation; reducing headcount by ~1,700), RBS +4.9% (Babcock Group to buy RBS train unit for $7 bln - Bloomberg.com), CHDX +4.2% (quantifies fourth quarter charges), AMR +3.6% (still checking), MF +3.4% (secures bank commitment of $450 mln), COG +3.1% (will replace BC in the S&P 500), AZ +3.1% (still checking), MEE +2.4% (replace OMX in the S&P 500), RRC +2.3% (Cramer makes positive comments on MadMoney), UBS +2.2% (announces 99.4% take-up rate in rights issue - Reuters), LEH +1.6% (there has not been any new developments; last night after the close a CNBC commentator said BLK is not interested in bidding for LEH, and that BX has not commented on possible interest), PBR +1.4% (Petrobras Brasileiro, BG find more oil in Brazil’s Santos Basin - Bloomberg.com)… Analyst upgrades: DMAN +2.1% (added to Conviction Buy List at Goldman - DJ).

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