NASDAQ Technical Picture - Choppy Snooze Fest Ahead of Jobs Data

Follow through on yesterday's bullish hammer reversal bar, but overall the session was a choppy snooze fest ahead of the jobs data tomorrow morning. For the second day running, we have been getting the bulk of the buying in the tail end of the session. Seems that there may be some program buying late in the day and selling into the open.

Companies moving in after hours trading in reaction to earnings: Trading Up: SWIM +16.6%; CAB +4.2%; SUPG +3.9%; THS +3.8%; CBOU +3.7%; OPTV +3.3%; BKHM +2.8%; UHCO +2.8%; ALKS +2.6%; ZILG +2.3%; IBI +2.0%; CPE +1.8%; PCOP +1.7%; CHK +1.7%; AW +1.5%; IMMR +1.5%; EVC +1.5%; UEIC +1.5%; CVLT +1.3%; LOOK +1.3%; ITMN +1.2%; NU +1.1%... Trading Down: JSDA -23.1%; BBND -19.2%; NTAP -18.2%; VOLC -11.4%; IDSY -9.9%; CBAK -9.4%; WLT -7.6%; NGPS -7.0%; SIMG -6.3%; NFG -5.6%; LPSN -5.1%; IOM -4.9%; VSCN -4.3%; ADBL -3.4%; SLXP -2.8%; CSTR -2.6%; TLEO -2.5%; SBAC -2.4%; FIRE -2.4%; MXIM -2.1%; TSRA -2.0%; EOG -2.0%; TRCA -1.9%; HMSY -1.8%; URS -1.8%; KFS -1.7%; ERES -1.7%; HVT -1.6%; MFLX -1.5%; BRS -1.5%; ATVI -1.4%; COLY -1.3%; ABCO -1.2%; PSA -1.2%; LSE -1.1%; OEH -1.0%... Companies moving in reaction to news: Trading Up: LEND +25.4% (reports in annual report they are proceeding as planned to work toward closing the merger with Lone Star ); CXZ +8.9% (appoints new Chief Financial Officer); ABVA +3.0% (announces 300K expansion of its stock repurchase program); RTSX +2.6% (acquires Northern California facility); JAZZ +2.4% (announces submission of complete responses to FDA Approvable Letters for Luvox CR and Luvox); CFC +1.9% (comments on its "strong" funding liquidity and financial condition)... Trading Down: TTWO -18.7% (beats by $0.02; missed on revs; co names new Chief Financial Officer Jean-Yves Dexmier); ITC -17.7% (appoints new Chief Financial Officer); VOLC -11.4 (announces Japan approval of the Revolution 45 MHz high-frequency rotational IVUS imaging catheter and system); EXAS -5.3% (announces acceptance of its Medicare application seeking coverage of DNA-based colorectal cancer screening technology); DRL -4.6% (announces 1-for-20 reverse stock split); LNY -1.8% (obtains temporary restraining order against bond holders); LINE -1.5% (to acquire oil and gas properties in the Texas panhandle for $22.5 mln); LDG -1.4% (reported preliminary total retail drug store sales from continuing operations of $359); PED -1.4% (acquires assets of Bright Ideas Group); LOOP -1.3% (acquires Cityfeet.com for $15 mln); MKTY -1.2 (receives purchase order for $1.14 mln from the U.S. Air Force).