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NASDAQ Technical Picture - Narrow Range Inside Bar
By: Wall Street Warrior   Friday, May 09, 2008 2:54 AM

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Not much to say about today's session, except snooze fest. We carved out a NRIB in the lower half of yesterday's WRB. The 15 minute chart sums it up well, a choppy, unsuccessful attempt to reverse some of yesterday's losses. Tomorrow is Friday, and some Friday afternoons have been noted for their selling power, so be aware.

Companies trading higher in after hours in reaction to earnings:
SYX +15.2%; PCLN 14.5%; GSIT +12.5%; SRVY +12.4%; COSI +11.7%; SUMR +10.7%; ARP +9.7%; RNWK +9.6%; INT +9.1%; PRO +9.0%; DAR +8.5%; BSQR +7.2%; YSI +6.7%; QSFT +6.7%; POM +5.8%; ADPT +5.8%; LUNA +5.3%; GXDX +5.1%; TRLG +5.0%; GUID +4.6%; TRMS +4.4%; FTWR +3.9%; ATVI +3.9%; SLH +3.9%; RICK +3.4%; CNO +2.7%; SD +2.7%; SONS +2.6%; WINS +2.6%; ROSE +2.4%; VRSN +2.0%; MRX +1.5%; MOVE +1.3%; POWR +1.3%... Companies trading down in reaction to earnings: MGI -11.3%; AGO -9.4%; OME -8.8%; FMD -8.6%; TEAM -8.5%; LLNW -8.2%; NGAS -8.1%; AIG -7.8%; ESIO -6.4%; BRKS -6.0%; KNOT -5.4%; SWC -5.1%; IPAS -4.7%; PEC -4.4%; ZINC -4.3%; LOCM -4.1%; MYL -4.1%; TMNG -4.0%; HLYS -4.0%; PANL -3.4%; TC -3.3%; ICFI -3.1%; AIRM -3.1%; JUPM -3.1%; VVUS -2.7%; IFON -2.1%; APKT -2.0%; DXCM -2.0%; VITL -1.9%; SAPE -1.8%; THRM -1.7%; FVRL -1.3%; OCNW -1.1%; GPK -1.1%; KTOS -1.0%; NVDA -1.0%... Companies trading higher in after hours in reaction to news: SPAR +5.8% (receives $56.4 mln order for production of MRAPs); OSIR +1.6% (Co and NuVasive enter into definitive agreement for Osteocel; OSIR to sell business for $85 mln to NUVA); AGP +1.3% (elects James Carlson Chairman of the Board, increases stock repurchase program); BMY 1.0% (FDA approves ABILIFY for add-on treatment to lithium or valproate in the acute treatment of adults)... Companies trading lower in reaction to news: AIG -7.8% (American Intl announces a plan to raise approximately $12.5 billion in capital); PPO -2.2% (files to for a 7.5 mln common stock offering: offering consists of 3.75 mln share of primary stock, 3.75 mln share); TGB -1.9% (Electrical transformer failure at Gibraltar Mine); YHOO -1.2% (Google Has No New Deal To Announce With Yahoo, Co Founder Says -- Bloomberg); OCNW -1.1% (announces new chief financial officer).


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