Watchlist for September 30, 2008

I'm not sure if I'll put that IRA money to work like I said last night. I wanted to buy a flat or down open and I'm not moved to chase this gap up. So I'll just wait to see if the gaps get closed. I'm not sure what I'll do in my day trading account yet. As always I'll just take whatever's presented...

On Today's Calendar:

9:45 -- Chicago PMI
10:00 -- Consumer Confidence

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

CY -70.7% (trading post split), SHPGY -2.2% (still checking for anything specific)... Analyst comments: RRI -3.2% (downgraded to Neutral from Add at Calyon Securities).

Gapping Up

Select financial related names rebounding: SOV +40.3% (upgraded to Market Outperform at Boenning & Scattergood), GNW +20.0% (announces strategic review of U.S. Mortgage Insurance, including possible spin-off), AIG +19.6%, FNM +19.2%, FRE +13.9%, ABK +12.9%, WB +12.5%, AIB +12.4%, RF +10.9%, RBS +9.1% (moves to reassure investors on ABM Amro stake - DJ), UBS +6.8%, JPM +6.8%, MS +6.0% (Morgan Stanley Investment Management announces participation in U.S. Treasury temporary guarantee program for money market funds), C +5.6%, NTRS +5.6% (S&P says Northern Trust rating unaffected by charges), BAC +5.0%, WFC +4.8% (upgraded to Neutral at Baird), ING +3.6% (not to make offer for ABN Amro Netherlands)... Select metals/mining names trading higher: RTP +10.3%, GFI +9.7%, SSL +9.1%, MT +8.9%, GOLD +7.2%, RIO +6.2%, BHP +3.3%... Other news: HUN +56.4% (wins in Delaware trial), IFX +11.6% (still checking), DPS +5.0% (will replace Wm. Wrigley Jr. Company in the S&P 500 after the close of trading on October 3), STP +2.8% (selected to supply 1.6 MW of solar panels to Sun Devil Solar for its project with Arizona State University)... Analyst comments: RIMM +5.1% (upgraded to Mkt Outperform at JMP Securities), INTC +3.2% (upgraded to Buy at Piper).