Each morning this list will contain those stocks with the potential to

make a quick but tradable move in the first hour.  The information listed

here is designed for the trader who catches the early morning momentum, between

the first five and 45 minutes of trading. Many stocks open each morning, run for

several points and then reverse. I will cover stocks with this potential and

highlight possible reversal points and resistance areas. These points need to be

monitored closely, as the stocks may turn quickly here. Be ready to lock in

profits quickly.

Morning Outlook

The S&P futures are -5.00 and the
Nasdaq futures are -11.00.

Watch for a turnaround in the first 10-30 minutes of trading. Keep an eye

on the stocks that gap the most in the morning. Use the Nasdaq tracking

stock (QQQ)
or futures as leading indicators.

Heading Up (at the
open)

GTSI ( GTSI | Quote | Chart | News | PowerRating) is trading up roughly 2 5/8 to 5
7/8. Look for resistance near 6, 6 1/4, and 6 1/2. Each quarter point may be a
resistance area, so only scalpers may want to watch this one.

S1 Corp ( SONE | Quote | Chart | News | PowerRating) is trading up almost 2 points.
Watch for resistance near the 50-day MA at 21 and again near 25. The stock has
broken out from a low-level consolidation on high volume.

Amazon.com ( AMZN | Quote | Chart | News | PowerRating) is trading up 3 points on
strong volume. Watch for resistance near 42 1/2, and near 43 3/8 to 43 5/8.
Amazon has been in a low-level consolidation pattern since mid-June. Watch for
resistance at each of the July highs. AMZN is moving on an upgrade.

Geron ( GERN | Quote | Chart | News | PowerRating) is trading up roughly 9 points
on average pre-market volume. Watch for resistance near 36 1/2, 36 3/4, and 39
3/4.

Look for Corning ( GLW | Quote | Chart | News | PowerRating) to move on upgrade
news as well.

Moving Down (at the
open)

Rambus ( RMBS | Quote | Chart | News | PowerRating) is trading down 4 points
again. RMBS gapped lower on Tuesday, but rebounded intraday. Look for support
near 76 to 76 1/4 and again near 68 1/2. There is resistance just over 80, and
again near 85.

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