Sunday, September 09, 2007

NASDAQ Technical Picture - Broken Trendline on Surprisingly Poor Jobs Data



Surprisingly poor jobs data resulted in an ugly gap down Friday and follow through selling up to 11:00 on recession fears. However, the subdued afternoon trade leaves the door open for some consolidation. Conversely, the cumulative drop off of Tuesday's highs has been aggressive and could be a near-term top as the markets continue to be bombarded with negative news.

Companies reporting earnings the week of Sept 10th-14th include: Monday: STEI, ASHW, DLLR, LULU, NMHC, SHFL, SORC, and TTWO... Tuesday: GCOM, OHB, BRLC... Wednesday: BIVN, BRC, GRB, JOSB, and SHRP... Thursday: SEH, PNY, and PLL... Friday: No companies are scheduled to report.

Stock over $5 posting the largest percentage loss over the last five sessions include: TMTA -33%, ENZ -29.53%, JADE -21%, NFI -21%, HSII -20%, SCON -20%, ODP -18%, LFG -17%, AGL -17%, SMOD -17%, JSDA -16%, CPY -15%, MTEX -15%, MWRK -15%, OSIS -15%, FIRE -15%, OHB -15%, KFY -14%, KFRC -14%, CHINA -14%, SPRD -14%, MMPI -13%, TSN -13%, PSPT -13%, NPBC -13%, CBG -13%, NDN -13%, EMKR -12%, ARII -12%, MHO -12%, WCI -12%, OPY -12%, OPXT -12%, SMP -12%, DDS -12%, MNCP -12%, WPL -12%, IMB -12%, IVN -12%, LDL -12%, AMSWA -12%, FIZZ -11%, JCG -11%, NSTR -11%, CRZ -11%, TTEC -11%.

Stock over $5 posting the largest percentage gain over the last five sessions include: CRDC +93%, CTDC +54%, ALAB +36%, PLX +42%, CSUN +29%, DRL +26%, POZN +26%, DROOY +25%, NTO +24%, SA +24%, GPCB +22%, ASTSF +22%, APLX +21%, REFR +20%, VOL +20%, TTG +19%, GOLD +19%, IAG +19%, SILC +17%, JRJC +17%, MWP +17%, DEEP +17%, BKR +16%, ALNY +16%, ASYS +15%, DRAX +15%, SMBL +15%, SLXP +15%, CATS +15%, CXO +15%, BIOF +15%, HMY +14%, BCRX +13%, LEAP +13%

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