Watchlist for October 29, 2008

The futures are basically flat this morning but today's all about the Federal Reserve and the reaction to their interest rate decision at 2:15.

On Today's Calendar:

10:35 -- Crude Inventories
2:15 -- FOMC Policy Statement

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: VPRT -17.4% (also downgraded to Hold at Needham), ANDE -16.1%, GLW -12.4%, MOLX -9.5%, DRIV -7.8%, WBSN -7.6%, Q -6.2%, STM -3.5%, NETL -3.1%, CMCSA -2.7%, ADVS -2.7%, GFI -2.6% (also upgraded to Buy at UBS), SNE -2.3%, BBOX -1.9% (light volume)... Select airlines ticking lower with crude higher: LCC -6.5%, AMR -3.3%, DAL -3.3%, CAL -3.1%, UAUA -2.9%... Analyst comments: JNJ -1.5% (downgraded to Neutral from Overweight at JP Morgan).

Gapping Up

In reaction to strong earnings/guidance: DENN +36.7% (upgraded to Buy at Merriman), HERO +14.6%, RFMD +12.6%, FLS +11.0%, ARRS +9.0% (light volume), APOL +7.0%, AG +5.9%, ANR +4.6%, RNT +3.4%, NEM +1.1%... Select oil/gas related names showing strength with crude higher: STO +5.4%, TOT +4.4%, E +4.3%, PBR +3.6%, VLO +3.1%, CHK +3.1%, NOV +2.8%, RDS.A +2.4%, BP +2.0%, XOM +0.7%... Select metals/mining names trading higher: SLW +12.9%, SLV +6.1%, AUY +4.9%, RTP +4.2%, KGC +4.2%, GOLD +3.8%, ABX +3.4%, BHP +3.3%, GG +2.9%, AAUK +2.8%... Other news: TSRA +22.0% (announces arbitration panel finds Tessera patents valid and enforceable), SI +10.1% (still checking), CALM + 6.9% (to replace UNT in the S&P600), BEBE +5.7% (Cramer makes postivie comments on MadMoney), SAP +5.2% (still checking), AVAV +3.6% (Cramer makes postivie comments on MadMoney), ING + 2.2% (still checking)... Analyst comments: PCU +8.1% (upgraded to Buy at Citigroup).