Watchlist for November 19, 2008

We've got a little selling pressure this morning as the tug-of-war around those October lows continues.

10:35 -- Crude Inventories
2:00 -- FOMC Minutes

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: TSL -8.0%... M&A news: FONR -23.3% (very light volume; says not interested in entering into a merger or other agreement with Diversified Lending Group)... Select financials trading lower: ING -8.7%, UBS -6.6%, BCS -5.8%, DB -5.0%, HBC -4.5% (trading ex-dividend), MS -3.8%, MER -3.5%, C -2.5%, JPM -2.2%, GS -1.3%... Select oil/gas related names showing weakness with crude lower: ACGY -9.1%, STO -3.9%, RDS.A -3.2%, TOT -2.6%, BP -1.5%, XOM -1.0%... Select solar names trading lower following TSL results: SOL -6.6% (downgraded to Neutral at Credit Suisse), SPWRA -5.2%, FSLR -2.8%, STP -1.8%... Select metals/mining names showing weakness: BBL -4.6%, RTP -4.1%, BHP -3.7%, MT -2.9%, GOLD -2.5%... Other news: SYT -6.0% (still checking), GM -4.5% (says Opel brand not for sale; talk of selling Opel brand "pure speculation" - DJ), LVS -4.2% (modestly pulling back after yesterday's late rebound), RCL -2.8% (announces discontinuation of dividend), TM -2.0% (Toyota to cut output, Nissan downbeat - Reuters), SNY -1.7% (settles on Allegra, Nasacort generics in U.S. - Reuters.com)... Analyst comments: SUN -2.8% (downgraded to Sell at Deutsche), CSCO -1.8% (removed from Conviction Buy List at Goldman - Bloomberg).

Gapping Up

In reaction to strong earnings/guidance: PSUN +3.6% (also upgraded to Neutral at UBS), LDK +1.3%, PVH +1.2%... Other news: IDMI + 0.2% (continued strength from yesterday's 60% jump), UN +2.6% (still checking), TEVA + 1.9% (Albany Molecular Research announces agreement with Teva Pharma and Barr Labs to settle litigation in ALLEGRA and ALLEGRA D-12 U.S. patent dispute), MGM +1.9% (James Murren elected Chairman and CEO), NOK + 1.7% (still checking).