SPY’s are indicating lower coming out of the weekend, after a strong close to a strong week on Friday.
News/Earnings Stocks (as of 7:30 a.m. CT publication)
– NOTE: I’ll likely be trading many of these names in the TRADE DAY CHAT section of the site…I’ll be in the room starting around 6:30 a.m. CT. I will also be trading names from my Overnight Scans/Watchlist section, and from my Trade Ideas filters.
Gapping Up– HD MDT
Gapping Down — HGG URBN KOS CCL BBY
No Indication — TIVO REGN AZO MNRO DKS ACRX
Highlighted Looks for Today’s Trading :
Range break long: GDOT // BIG
Peeking out past wedge pattern on the daily chart. Double digit shorts in the name and little it the way of resistance up above. after the recent coiling action.
BIG pushed out past wedge pattern on the daily as well, after riding the 50d and a rising Trend LIne the past couple of months. Still double digit shorts in here, too.
Pullback short: TXT
Worth a look short in TXT here as it has now run up to touch its declining 50d and falling Trend Line. Only worth it if the broad market shows weakness, though in my opinion.
The creation of this morning’s Early Bird Report was compiled while listening to the music of Those Darlins


