As I mentioned in the comments section this morning, gappers that are ripping in pre-market are the ones I focus on. These generally have enough momentum to move price lower (higher). MICC was my first choice this morning. After the WOR, it sort of fell into a dead zone of offsets and eventually retraced back up to the declining 10 EMA. The key is to observe a series of lower highs, followed by pri...

Gapping Up: WGOV, STLD, BJS, BHI, CAT, QLGC, ERII; strength in Europeon oil & gas BP, TOTGapping Down: TXN, AXP, V, MICC, AAPL, MRK, SNDK, AIB, VOD, EXP, PWRD, ERIC, AGO, RF, CE, ALVFutures setting up fo a sharply lower open NQ -31; ES -9...

Both Mitsubishi Outlander and BMW Germany used this song in their ads. The band also scored with iPod shuffle a few years back....

A low volume, narrow range consolidation day. Although both the S&P and DOW took out last week's highs in early trade, there was no follow through. As expected a lot of backing and filling. Leadership on the long side was provided oil/energy and commodities with weakness noted in airlines and broker dealers. Sounds familiar.After hours we got a host of disappointing earnings and guidance from A...

ARTC was a pre-market gapper with momentum after announcing they were restating financial statements. This kind of news is deadly, so you want to get in as soon as reasonably possible. Markets don't like the unknown and restatements inevitably lead to write-offs or write-downs. A great example is NT which restated at least ten times over the past seven years. Still not sure these guys ever got it r...