MA

Mastercard, Inc. has a good tone in early trading so keep it on the radar.

Drybulk shipping Stocks

Select drybulk shipping names showing strength: EGLE +2.4%, PRGN +2.0%, SBLK +1.8%, DRYS +1.8%, EXM +1.8%, TBSI +1.4%...

ACI CHART

This Coal stock has a good looking chart and will break out over $67 per share.

SOLF

Solarfun Power Holdings, Inc. reported better then expected earnings and the stock is trading up on the news so keep it on the radar today.

Pre-Market Gappers

Gapping up:

SOLF +19.3%, ADLR +19.2%, IDEV +7.7%, DY +7.5%, INTU +5.1%, OCNF +4.1%, MU +3.5%, TWX +2.2%, BP +1.9%, TOT +1.8%...

Gapping down:

VRTU -8.1%, RRGB -6.9%, LTXX -4.7%, CCL -4.7%, PCX -3.4%, UBS -2.9%.

Upgrades and Downgrades

Upgrades:

CENT, WOSLY, ARRS, CSUN, NFG, MU

Downgrades:

AMR, CAL, UAUA, FSLR, SMOD, CLR, INTU

NUE, ENS, SPP

Morning News

Futures are pointing to a lower open

European markets are trading down

In Japan the NIKKEI 225 closed down 1.65%

In Hong Kong the Hang Seng closed up 1.16%

MBA Purchase Applications (wk5/16 , 2008)

EIA Petroleum Status Report (wk5/16 , 2008)

FOMC Minutes (Apr , 2008)

Crude Oil hits another record high and is $130 per barrel

Gold is up $5.50 and is $925 per ounce

Earnings for Wednesday

Before the open

BJ, BRC, BWS, CHRS, EV, QXM, REDF, RTLX, ROST,

SOLF, GASS, BRLC, TLB, TNP, TWB


After the close

ANST, BRS, CHINA, CTRN, CSC, CPWM, PROJ, DDS,

GYMB, HOTT, LTD, LDG, NAPS, NTES, NTAP, PERY, PETM,

CRM, SMTC, SNPS, WSTL, ZL

Stock Market Review

7 Stocks you need to know for Wednesday

Target (TGT | news | PowerRating | PR Charts ) reported earnings today before the open, beating analyst estimates by three cents.

An analyst report suggesting that Chinese demand for metals lead to lower prices for shares of stocks like Alcoa (AA | news | PowerRating | PR Charts ), which was down more than 3% on the day.

Home Depot (HD | news | PowerRating | PR Charts ) announced earnings beat lowered estimates but failed to truly impress traders and investors, who sent the stock lower by more than 5% on Tuesday.

Solarfun Power (SOLF | news | PowerRating | PR Charts ) reports earnings Wednesday morning before the open, with analysts expecting EPS of $1.12.

Expanding its services to allow customers to watch content downloaded from the Internet on their televisions, Netflix (NFLX | news | PowerRating | PR Charts ) was up by more than 3% in Tuesday trading.

Added to Goldman Sachs "conviction buy list" today, Humana (HUM | news | PowerRating | PR Charts ) was one of the largest gainers in the S&P 500 today.

Discounts on women's clothing and accessories did not prevent Saks (SKS | news | PowerRating | PR Charts ) from missing analyst estimates in its earnings report on Tuesday. Saks finished the day down more than 6%.

HPQ

prelim $0.87 vs $0.85 First Call consensus; revs $28.26 bln vs $28.11 bln First Call consensus

WLL

Whiting Petroleum Corp is closing very strong and could be overnight momentum.

SWN

Southwestern Energy is closing very strong and could be overnight momentum so keep it on the radar going into the close.

AAPL

Apple Computer, Inc. is bucking the trend today so keep it on the radar this afternoon.

AG-Chem Stocks

POT, MOS, CF, AGU, MON, gaining strength

Crude Oil

Crude Oil is on the move this morning and is currently $129.00 per barrel so keep the energy stocks on the radar. $135 per barrel would equal a national average of $4 per gallon for gasoline.

PBR, RIG, DO, DVN, SWN,

EOG, HES, BP, SU, SUN, XOM

ILMN CHART

Illumina, Inc. is basing in this channel between $76 and $81. Going above $81 on above average volume would be bullish.

Pre-Market Gappers

Gapping up:

JAZ +82.4%, SBLK +10.9%, PRGN +9.9%, CSUN +7.2%, AMKR +5.6%, TNB +4.3%, AMGN +3.0%, DRYS +2.4%, HALO +2.4%, AZN +1.9%, HD +1.5%...

Gapping down:

CNTF -14.1%, GRRF -13.0%, TMA -8.7%, RTP -3.2%, BHP -3.1%, CCL -2.3%, NUE -1.6%, WGOV -1.5%.

NFLX

Netflix, Inc. was upgraded by Lehman with a target of $37 per share so keep it on the radar.

Upgrades and Downgrades

Upgrades:

PDS, FE, EXC, RRI, PEG, NFLX

Downgrades:

EMC, NRG, ACGY, CASY, WGOV

Morning News

Futures are pointing to a lower open

Asian markets are trading down

European markets are trading down

ICSC-UBS Store Sales (wk5/17 , 2008)

Producer Price Index (Apr , 2008)

Redbook (wk5/17 , 2008)

State Street Investor Confiden (May , 2008)

Gold is $907 per ounce

Oil is $127 per barrel

Stock Market Review

7 Stocks you need to know for Tuesday

Amazon.com (AMZN | news | PowerRating | PR Charts ) soared on news that Goldman Sachs added the company to its "buy" list, citing the potential for growth in the leading online retailer.

Another day, another upgrade in the semiconductor sector as Citigroup raises Texas Instruments (TXN | news | PowerRating | PR Charts ) from "hold" to "buy".

Railroad stocks continued to rally with CSX Corp. (CSX | news | PowerRating | PR Charts ) leading the group higher on the day.

Shares of SanDisk (SNDK | news | PowerRating | PR Charts ) plunged more than 7% on an analyst downgrade to "market underperform."

Traders bid shares of Solarfun Power Holdings (SOLF | news | PowerRating | PR Charts ) higher on Monday in anticipation of the company's earnings report on Wednesday before the open.

Home Depot (HD | news | PowerRating | PR Charts ), the worlds largest home improvement retailer, reports earnings Tuesday morning before the bell. Analysts expect EPS of $0.37.

Oracle (ORCL | news | PowerRating | PR Charts ) found its future and Larry Ellison's leadership endorsed by Barron's magazine over the weekend. The stock was up more than 3% on the Monday.

Pre-Market Gappers

Gapping up:

MTZ +11.7%, BTRX +8.9%, PWRD +3.8%, AMZN +3.1%, PKG +1.6%, EMC +1.6%, ABX +1.5%, YHOO +0.8%...

Gapping down:

RBS -5.7%, TRA -3.2%, LOW -3.2%.

S&P 500 CHART

Upgrades and Downgrades

Upgrades:

EQR, ARBA, MNC, TOO, OPXT, BSY, APLK

NCC, TXN SCSC, CPWR

Downgrades:

OPTM, CEVA, CRNT, OTE, DVAX, AEO

AKAM, CHE, BUCY, JOYG

Break Out List and Market Technical Analysis

Morning News

Futures are flat this morning

Asian markets are trading up

European markets are trading up

Leading Indicators (Apr , 2008)

Crude Oil is $126 per barrel

Gold is $909 per ounce

VIDEO - Ascending Triangles

Leavitt Brothers' Chart Pattern tutorials...

VIDEO - Bullish Symmetrical Triangles

VIDEO - Ascending Triangles

Here's a summary of ETFs...

Report - ETF Summary

Here are many of our favorite Jesse Livermore quotes...

Report - Jesse Livermore Quotes

http://www.leavittbrothers.com/

Stock Market Review

7 Stocks you need to know for Monday

Reporting earnings Monday before the bell, Lowes (LOW | news | PowerRating | PR Charts ) is expected to announce EPS of $0.40.

A Merrill Lynch upgrade to "buy" from "neutral" catapulted shares of Stericycle (SRCL | news | PowerRating | PR Charts ) higher by more than 6% on Friday.

A Goldman Sachs downgrade helped send shares of JC Penny (JCP | news | PowerRating | PR Charts ) lower on Friday after Thursday's breakout.

Campbell Soup (CPB | news | PowerRating | PR Charts ) is scheduled to report earnings Monday morning before the market opens. Analysts expect earnings per share of $0.44.

Soaring more than 12% on Friday, shares of Advanced Auto Parts (AAP | news | PowerRating | PR Charts ) benefited from earnings that handily beat Wall Street estimates.

BMC Software (BMC | news | PowerRating | PR Charts ) reported fourth quarter profits that beat analyst expectations. The stock was up more than 6% on the day.

Analysts expect Home Depot (HD | news | PowerRating | PR Charts ) which reports earnings on Tuesday morning before the open, to announce EPS of $0.37.

Put vs Call Ratio

Solar Stocks to Watch

Leading names in the Solar Group include, AKNS, DSTI, LDK, YGE, FSLR, SPWR, STP, CSUN, CSIQ, ASTI, ESLR, SOL, SOLF, JASO, TSL

X

U.S. Steel tgt upped to $200 at UBS

S&P 500 CHART

JRJC

China Finance Online issues upside revenue and earnings guidance for Q208

Pre-Market Gappers

Gapping up:

CHIP +21.7%, NED +21.0%, SUTR +19.6%, HOKU +15.2%, AAP +8.7%, LMC +6.5%, AMLN +6.1%, JWN +4.0%, KMX +3.9%, ENI +3.6%, BMC +3.5%, NOK +2.8%, AAUK +2.7%, SAN +2.4%, SBUX +2.1%, BP +1.4%, TOT +1.4%, KFT +1.2%...

Gapping down:

LWAY -18.4%, GSI -18.1%, KONG -14.9%, QTM -10.1%, CLNE -9.1%, MNT -8.7%, EXAR -7.9%, SPRD -7.8%, ASTI -5.6%, GA -5.5%, NCOC -5.1%, ALD -4.7%, OSIP -4.4%, ATN -4.1%, CPWR -2.7%, KSS -1.5%.

Break Out List Video Market Technical Analysis

Upgrades and Downgrades

Upgrades:

STEL, FISV, ARB, AIQ, APC

Downgrades:

URBN, RAI, VCP, SNDK, IPCM, CNQR, CNET

MDTH, ALB, HR, HCN, VTR, NHP, BKUNA