Pre-market Action

QQQQ's approaching resistance in pre-market.

In Trader Mike's absence, I am posting the Gappers courtesy of Briefing.com:




Gapping up on strong earnings/guidance: AMAT +2.7%, OATS +14%, CRYP +11%, NTAP +10%, VTAL +8.7%, QDEL +6.5%, MCEL +6.5%, SNPS +4.6% (also HSBC upgrade), MRVC +4.5%, HPQ +4.2% (also Credit Suisse upgrade), JCP +4.2%, NSTC +4%, ABB +3.3%... Other News: HLTH +12% (to explore strategic alternatives for 2 units), KVHI +10% (announces deal with MSFT), THC +7% (Credit Suisse upgrade), ARDI +6.3% (CFO buys stock, gets patents), AIXG +4.1%, TS +4%, ATYT +3.4% (Merrill upgrade), PTIE +3.3% (receives special protocol assessment), BSX +3.1%, MEDX +2.9% (mentioned in Barron's Online), RMBS +2.3%... Mad Money mentions: CROX +6%, VISG +4.8%, IDNX +4%... Bird flu stocks are higher on news that Kleiner Perkins has formed a bio defense fund; also bird flu more cases in Europe: BCRX +4.7%, AVII +3.6%, GNBT +3.3%... Under $3: VASO +22%, DVW +11% (Kaufman upgrade), MEMY +9.3%, KRY +8.5%.

Gapping down on disappointing earnings/guidance: EXPE -20% (also multiple downgrades; down in sympathy: PCLN -4%), XMSR -9.3% (also director resigns; down in sympathy: SIRI -2.9%), AGP -16% (also CIBC downgrade), DENN -10%, CCRT -5.8%, LF -4.4%, PWEI -4.3%, KGC -3.6%, DCX -2.2%, CECO -1.9% (also Piper downgrade)... Other News: ASTSF -8.4%, EONC -5.3% (profit taking after huge move yesterday), POWI -3.6%, WFII -2.9%, MGPI -2.1%, SIRF -1.8%, IVIL -1.4% (bids likely to come in low, according to sources - Reuters)... Under $3: LOGC -12.5%.