AA -Q1 profit and raised guidance has me bullish. Typically Alcoa is used as a bellwether to the market, which could give us some relief tomorrow after 5 down days and a pretty hyped up fearful market today. Support came in ah's at 9.75 a level long might want to get long on and see if we can push 10+.
OPNT - Q4 results won't meet previous guidance. 25.5 area set as a good ceiling after hours, where I'd be looking to short for a crack on 25 possibly tomorrow. Stocks got no love, volume is light and stick to the price action. My bias is short.
SHLD - long bias on washes or weakness, stock has the ability to get going if the market supports it.
FSLR - look for a continued move tomorrow on the long side where I'd be looking for the fade late day. Antelope project funds are coming in, which is why she ran today, but this industry is getting bent lately. Hard not to be long biased at these levels, but theres almost too many bag holders and too much emotion to trade this one, stay sharp, be careful. If 22 fails again, short. If it pops 23 should stand as a good ceiling.
SVU - eps .38 v. .35, and rev guidance 1.27 to 1.42 v. 1.19 so a clear beat and good reason to watch the long on this one. I like for it to form support at 6 and kick up off of it towards 7. Too fast and the short scalp should come into play.
CREE - faded with the markets today, look for 30.75 area to fail again and double top for an additional fade.
GBX - this was a pretty handily e/r beat so this drop is suprising, but 16.5 was old term support and it bounced off 16.5 today, acting well. Look for higher lows to build into the long, possibly 16.66 area as a good spot to test the long on.
WEDNESDAY, April 11
Extended-Hours Earnings: ADTN, APOG, HOFT, TITN.
Economic Data: 7 a.m. MBA Mortgage Index; 8:30
a.m. Import/Export Prices; 10:30 a.m. Crude Inventories;
2 p.m. Treasury Budget; Fed's Beige Book.
THURSDAY, April 12
Extended-Hours Earnings: OZRK, CHKE, FAST, FFHL, GOOG, JBHT, LAKE, LAYN, LDK,
Economic Data: 8:30 a.m. Initial Claims; PPI; Trade
FRIDAY, April 13
Extended-Hours Earnings: IGTE, JPM, TAYD, WFC.
Economic Data: 8:30 a.m. Trade Balance; CPI; 9:55
a.m. Michigan Sentiment.