They're trying to take 'em up this morning. I'll be watching how the S&P acts at its 50-day moving average (~1,274), which should be at least some resistance. Don't forget the oil inventory report gets released at 10:30. Keep an eye on USO and the energy stocks.

Potential swing trades:

See one of the recent 'Chart Reading' posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

OPWV -26.5% (guides JunQ well below consensus; gets subpoenas regarding options; OpCo downgrade), OTEX -12% (guides; downgrade from tier-1 broker), JDAS -10.6% (provides Q2 guidance), SNRR -7.2% (announces Nasdaq delisting and informal SEC inquiry), PFCB -6.4% (guides below consensus), ESV -3.9% (light volume, 2,000 shares), AAV -3.6% (announces cash distribution), FMD -2.9% (negative broker comments), XMSR -2.4% (sub guidance below consensus), ARMHY -2.3%, BAY -2% (issues 34 mln new shares for Schering deal - Reuters)... Retailers gapping down on disappointing June same store sales: ZUMZ -5.1%, ANF -4.4%, COST -2.5%, KSS -1.6%, PSUN -1.4%... Mining stocks are weak as commodity prices tick lower: KRY -3.3%, EZM -2.7%, NXG -2.6%, CUP -2.5%, RTP -1.4%.

Gapping Up

AD +49% (to be acquired by VCI), NVTL +9.4% (guides revs above consensus), WFR +8.6% (signs solar supply pact with STP +5.5%), ACMR +6.5% (reports Q2 revenue), NUHC +6.7% (reports MayQ, beats by $0.04), TZOO +4.6% (extends yesterday's 11% move), XING +2.8%, TIBX +3.7% (Merrill upgrade), RMBS +3.5% (signs patent license agreement with Matsushita), SIRI +3.4% (reports Q2 subs above consensus), SAP +2.9% (Merrill raises target in Germany by 15%), MRGE +2% (stock recovers a bit following 38% drop on Monday on exec departures), AA +1.7% (Cramer bullish on Mad Money), TS +1.4% (recovers a bit from 4.5% drop yesterday), SNY +1%... Retailers gapping up on strong June same store sales: TGT +3% (co says it expects to meet or exceed Q2 guidance), AEOS +2.3% (also raises guidance), GPS +1%... Under $3: XOMA +12%, ARDM +11% (extends yestreday's 29% move on Novo Nordisk deal), MCEL +7.7% (wins Army contract), NYER +5.4%, IVAN +5.1% (operation resume at oil facility), CPST +4.3% (added to Russell 3000 Index).

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