Watchlist for November 17, 2008

We've got another 2% gap in the making today. QQQQ is already trading under its opening level from last Thursday's big reversal session. The obvious index levels to watch are Thursday's intraday lows.

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: TGT -5.5%, LOW -3.9%... Select financials trading lower: RBS -8.2%, LYG -7.3%, AEG -6.7%, HIG -6.3%, ING -5.9%, CS -3.8%, MS -3.4%, GS -2.7%, WFC -2.5%, BCS -2.0%, JPM -1.7%, BAC -1.6%, HBC -1.2%, USB -1.1%... Select oil/gas related names showing modest weakness: PBR -2.6%, TOT -2.5%, E -1.3%, RDS.A -1.0%... Select solar names trading lower: STP -6.5% (target lowered to $25 at Jefferies & Co), FSLR -5.8%, YGE -4.3%, LDK -3.2%... Select fertilizer related names trading lower with weakness attributed to negative pricing commentary from tier 1 firm:CF -8.2%, IPI -6.6%, TRA -5.8%, MOS -3.2%, POT -2.5%, MON -1.5%, AGU -1.0%... Other news: UTHR -28.2% (Lilly licenses U.S. rights for Tadalafil PAH indication to United Therapeutics who will make an upfront payment of $150 mln to Lilly ), HD -6.7% (down in sympathy with LOW), BIDU -5.4% (still checking)... Analyst comments: FCX -6.1% (downgraded to Neutral at JPMorgan), DELL -6.1% (downgraded to Neutral at Merrill), WFR -5.5% (downgraded to Hold at Collins Stewart), MTL -5.2% (downgraded to Sell at Citigroup), DIS -3.9% (downgraded to Hold at Soleil), AA -3.9% (downgraded to Neutral at UBS), CP -3.5% (downgraded to Underperform at Merrill), SAP -2.9% (downgraded to Neutral at Merrill), FMS -1.4% (downgraded to Hold from Buy at Deutsche Bank).

Gapping Up

In reaction to strong earnings/guidance: SID +1.5% (light volume)... Other news: GNW +40.1% ( announces filing for savings and loan holding co status), FNM +14.8% (Eddie Lampert reports new stake in Fannie Mae of 34 mln shares - CNBC), LVS +10.6% (discloses that it has removed going concern doubt), AMD +6.6% (Cramer makes positive comments on MadMoney),
General Motors Corporation (GM) +5.6% (Reuters reports the White House says it doesn't want automakers to fail, believes aid should come from already appropriated loan program; also DJ reports General Motors sells out of Suzuki, raises $230 mln), ETN +3.4% (Warren Buffett adds new stake in Eaton of 2.9 mln shares), COP +2.3% (Warren Buffett hikes stake in ConocoPhillips to 84 mln shares at the end of Q3)... Analyst comments: Nokia Corporation (NOK) +2.5% (upgraded to Buy at Merrill and upgraded to Outperform at Bernstein).