Gapping Up: FDG, MT, CNQR, BEAV, X, AKS, AG, WBSN, ANR, SAP, ALXN, TSL, AMED, BP (full retracement of gap in PM), WMGI, VECO, CL
Gapping Down: SEPR, TCK, MSO, ZRAN, ATHR, MOS, COH, CGNX, TRID, PLXT, CLR, HERO, PVTB, JDAS, NNBR
Futures up modestly despite the MER announcement late yesterday. Some short covering this morning on favorable earnings from Alpha Natural Resources (ANR), Amgen (AMGN), BP (BP), SAP (SAP) and U.S. Steel (X).
Yesterday was a trend day which is typically followed by a rest or NR trade. Let's hope that we can get some traction in steel, coal, oil on the backs of earnings noted above.
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