This Is One Reason Why You Should Check TradingMarkets TradersWire

September 2, 2004
Tsutae Kamada

Every morning before the open, we
post “Market Movers” in TradingMarkets TradersWire. These are the
stocks watched by many market participants, and they can be excellent daytrading
stocks for you. Let’s see today’s post:

08:45:57

Market Movers

Costco
(COST) reported August sales that missed estimates; the stock is
trading down 3% pre-open. Retail will be in focus as several companies —
including WMT, S, BJ, DDS, MAY, LTD, ANF and FDS — reported sluggish same store
sales for August.

WalMart (WMT) cut its Q3 forecast.

American Eagle (AEOS) bucked the retail
trend, reporting a large increase in same store sales. The stock is trading up
pre-open.

Intel’s (INTC)
mid-quarter update is after the close.

The first of several lock up periods ends for
Google (GOOG).

I want you to take a look at the daily and the 3-minute chart of Costco
(COST). It gapped down below the August 9 low, but the stock quickly reversed to
the upside and filled the gap. As you can see clearly on the 3-minute chart,
COST has provided two buying opportunities.