Watchlist for October 14, 2008

The bulls are running for the second day in a row but things should get interesting as the indices reach last Monday's gap.

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 disappointing earnings/guidance: RACK -9.7%, JCI -8.6%, PEP -4.1%, WYNN -2.2%... Other news: RBS -33.1% and LYG -13.6% (checking for anything specific)... Analyst comments: GSIC -2.3% (downgraded to Perform at Oppenheimer).

Gapping Up

In reaction to strong earnings/guidance: XL +20.5%, MXIM +7.1%, HERO +6.3%, JBHT +6.1%, JNJ +3.7%, PKX +1.5%... M&A news: IMCL +2.7% (Lilly commences cash tender offer for ImClone Systems at $70/share), SOV +1.9% (Banco Santander, S.A. to acquire Sovereign Bancorp for ~$1.9 bln)... Select financial related stocks showing continued strength with the U.S. Govt set to buy preferred equity stakes in top financial institutions: MS +18.8%, ABK +17.5%, DB +13.0%, GNW +12.3%, RF +12.0%, BAC +10.3%, AIG +10.1% (Maurice Greenberg outlines a proposal for certain changes to AIG funding in letter to the Board), NCC +9.6%, GS +9.0%, C +8.9%, UBS +7.9%, MER +7.8%, BCS +7.2%, MBI +2.7%,... Select oil/gas related names showing strength with crude higher: STO +6.7%, E +6.6%, TOT +6.0%, CVX +3.3%... Select metals/mining names showing strength with higher spot prices: AKS +12.7%, GOLD +10.2%, X +9.6%, RTP +5.4%, BHP +4.1%... Other news: F +19.6% (checking for anything specific), GM +11.4% (says bankruptcy not an option - Reuters.com), TSL +10.4% (still checking), ALU +10.0% (shares rise on possible sale of Thales stake - Bloomberg.com), TRN +8.0% (Cramer makes positive comments on MadMoney), CHK +7.9% (Cramer makes positive comments on MadMoney)... Analyst comments: FSLR +6.3% (upgraded to Market Perform at Friedman Billings), V +5.3% (upgraded to Outperform from Market Perform at Morgan Keegan), MA +4.3% (upgraded to Outperform at Morgan Keegan), RIMM +4.1% (upgraded to Hold at Needham), NOK +4.0% (upgraded to Hold at Societe Generale - Bloomberg), BX +3.4% (upgraded to Hold at Jefferies).