Friday, July 11, 2008


Gapping Up: WYNN, LVS, ROYL, OXY, CHK (select Oil) , MA, JEC, BEXP, GOLD, GG

HPQ upgraded to Strong Buy at Raymond James; QCOM added to GS conviction list.

Gapping Down: WCG, AIB, PHG, WB, LEH, BAC, DB, UBS, MS, FRE, FMN, NY Times reported Bush administration officials are considering a plan to have the govt take over both cos and place them in a conservatorship if their problems worsen. The shares of FNM and FRE would be worthless, and any losses on mortgages they own or guarantee would be paid by taxpayers. NETL, AIG, YHOO, TEVA,

Markets setting up for a very negative start S&P -16.75, NQ -21.5, YM -135 due to trade balance which came in well below economists expectations. Is this going to be the capitulation day we've been waiting for???

Higher oil, gold. Weak airlines, financials, and home builders.
Most sectors this color in pre-market.

No comments: