Stock Movement Reason Our Comments
JPM Down slightly. Continued volatility. Bottomed out at 36.30 in premarket this morning, now   bouncing. Major resistance at Friday’s high of 37.99.  Some decent support in 35 area.

 
CHK Up $1.30 Icahn stake? WSJ reports that Icahn may announce a major stake in CHK.  These Icahn spikes are often short-lived.

 
AVP Up 80 cents. Still in play. Board will respond to Coty’s offer in a week. When stocks   are in play, technicals go away.  But   that being said, this stock has been range bound last 2 weeks with major   support at 19.50 and major resistance in 22 area.

 
DB, BCS, RBS, CS, ING Down 1-4%. Euro-banks weak overseas. Some Euro banks making new 3 month lows in premarket.  Entire financial sector still under   pressure following JPM news on Friday.

 
TOL, RYL, PHM, MTH, DHI Up across the board. Upgrades at Guggenheim. Guggenheim bullish on the home builders this morning. This   sector has been quietly one of the best sectors in the S&P this   year.  Many of the home builders are   near 52 week highs.

 
 

* Listen to Market Outlook show at 8:45 ET for more market movers.