Broad based selling across all tech sectors. I expect that we will likely continue in this direction, at least in the early going, tomorrow, notwithstanding any optimistic news.Companies moving in after hours trading in reaction to earnings: Trading Up: SMTC +7.6%; DY +5.4%; PEC +1.9%; VSNT +1.9%; BGP +1.4%... Trading Down: NCTY -11.9%; LNUX -5.8%; ARUN -5.1%; DDS -3.7%; APSG -3.4%; ONAV -1.8%; CFI -1.4%... Companies moving in reaction to news: Trading Up: LEND +5.5% (Lone Star extends tender offer to acquire Accredited); STX +5.1% (raises Q1 EPS and revs guidance, above consensus); MOSY +1.9% (announces a $19.5 mln stock repurchase program); AMGN +1.6% (Court rules that Roche infringes one of Amgen's Erythropoietin patents); OGE +1.6% (announces cost recovery issue jeopardizes plant)... Trading Down: PDLI -16.7% (announces significant strategic and portfolio changes); RIO -1.1% (Brazil court rules against Comp Vale Do Rio in antitrust case -- DJ).
Watch List - 15 min. Charts
AKAM carved out a lower high and broke its intra-day trend line. I'd like to see it re-tag the trend line and set up a short in the early going tomorrow.
CFC carved out an NR7 mini gravestone doji on the daily and looks ready to fall off a cliff. This is a PP trade.
2 comments:
Hey Jamie, Before anything I would like to tell you that your blog is awesome and I have learnt a lot just reading about your trades. I have a question for you regarding how you find potential setups. Would you share your permanent watchlist if there is one? Do you follow any real time alert systems like Trade-in ideas ? How many stocks do you follow during the day?
Thanks Raj
Hey Raj,
I will post the watchlist to the blog tonight. I do use TI scanner. I follow the watchlist plus the Briefing gappers as well as some pre-market gappers from the scanner -approx. 50 stocks. I also monitor the watchlist through the scanner.
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