Saturday, May 31, 2008

VIDEO - May Archives

May was a good month. In this week's video, I do a summary of many of our stock and option set ups...

VIDEO - May Archives

Leavitt Brothers' Chart Pattern tutorials...

VIDEO - Symmetrical Triangles (bullish)

VIDEO - Ascending Triangles

VIDEO - Flags (bullish)

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

Dell (DELL | Quote | Chart | News | PowerRating) gained more than 5% on Friday as the company announced that overseas revenues had overtaken domestic revenues for the first time ever this past quarter.

Shares of Harris Corporation (HRS | Quote | Chart | News | PowerRating) rallied on Friday on rumors of takeover bids that were valuing the military electronics company at more than $10 billion. The stock was up more than 6% on the day.

Continued strong sales of the Blackberry by Research in Motion (RIMM | Quote | Chart | News | PowerRating) and iPhones from Apple (AAPL | Quote | Chart | News | PowerRating) helped Marvell Technology Group (MRVL | Quote | Chart | News | PowerRating), which produces chips for both devices, beat analyst estimates for earnings and revenues.

Eastman Kodak (EK | Quote | Chart | News | PowerRating) anounced that it will be raising prices on some of its products by 20% to deal with rising raw materials costs.

Increases in the company's long-term earnings outlook and a forecast double-digit sales growth in 2008 led brokerages to raise their price targets for Mastercard Inc. (MA | Quote | Chart | News | PowerRating) to as high as $363. The stock closed at just under $309 on Friday.

Friday, May 30, 2008

FSLR

First Solar, Inc. is trading up in pre-market after Piper Jaffray says to cover your solar shorts so keep it on the radar.

MRVL

Marvell was upgraded by 2 firms this morning (JP Morgan & Oppenheimer) so keep it on the radar.

MA

MasterCard: Ongoing shift from cash to cards remains major global growth opportunity; Keybanc raises price tgt to $350

Pre-Market Gappers

Gapping up:

MRVL +17.0%, DELL +9.9%, JASO +8.7%, WIND +8.3%, STP +6.7%, FRPT +6.1%, FSLR +5.9%, TIF +5.8%, CY +5.4%, SPWR +5.3%, ITI +5.2%, YGE +4.8%, ESLR +3.9%, AIG +3.1%, HEI +2.8%, F +2.4%, AMR +2.2%, PBR +2.2%, SEAC +2.2%, AMAT +2.1%, ITW +1.6%, WTSLA +1.4%, JOYG +1.3%...

Gapping down:

QADI -24.4%, SIGM -18.3%, JCG -14.9%, OVTI -7.9%, UBS -2.2%, TKC -2.0%, GOLD -1.6%, BHP -1.3%, SAP -1.3%.

Upgrades and Downgrades

Upgrades:

SCVL, GCO, BIG, ANN, MRVL, ADCT, CTRN

WTSLA, SNN, NDAQ, MOH, CLHB

Downgrades:

SIGM, SPC, ATR, IDTI, KOSN, COST, SWN

ASH, JCG

Morning News

Futures are pointing to a higher open

In Japan the Nikkei 225 closed up 1.52%

In Hong Kong the Hang Seng closed up .061%

European Markets are trading higher

Personal Income and Outlays (Apr , 2008)
NAPM-Chicago (May , 2008)
Consumer Sentiment (May , 2008)
Farm Prices (May , 2008)

Crude Oil is trading down and is $125.90 per barrel

Gold is trading up and is $886 per ounce

Silver is $16.50 per ounce

Thursday, May 29, 2008

Stock Market Review

7 Stocks You Need to Know for Friday

Countrywide Financial (CFC | Quote | Chart | News | PowerRating) spiked higher on Thursday as the company set a date at which shareholders will vote on the planned buyout by Bank of America (BAC | Quote | Chart | News | PowerRating).

Evergreen Solar (ESLR | Quote | Chart | News | PowerRating) was cut from "neutral" to "sell" by Merrill Lynch, which cited concerns about overcapacity for the company's solar panel parts.

Falling by more than 9% on Thursday, Men's Wearhouse (MW | Quote | Chart | News | PowerRating) disappointed investors with quarterly earnings that were below analyst estimates.

Mastercard Inc. (MA | Quote | Chart | News | PowerRating) rallied to a new record of $309.00 on Thursday as the company announced that it was increasing its profit target due to consumer demand for credit.

Profits that beat expectations and raised guidance for the fiscal year 2009 lead to big gains for Big Lots (BIG | Quote | Chart | News | PowerRating) on Thursday

Shares of Exxon (XOM | Quote | Chart | News | PowerRating) were off moderately on Thursday as an attempt to split off the company chairmanship from the job of the chief executive officer failed.

AMZN

Amazon.com is acting well this morning in early trading so keep it on the radar.

JOYG

Joy Global is acting well today after reported better then expected earnings so keep it on the radar.

V

Visa, Inc. is once again in a bullish power trend in early trading so keep it on the radar.

MA

Mastercard, Inc. is acting very well in early trading so keep it on the radar.

SQM CHART


SQM breaks out over $35 per share so keep it on the radar.

GOOG

Google: U.S. paid click growth accelerates; tgt raised to $635 from $600 - Susquehanna

Pre-Market Gappers

Gapping up:

JAS +8.7%, DBRN +7.1%, LCC +4.9%, CWTR +2.7%, TRN +2.2%, OTTR +1.8%, OC +1.5%, YHOO +1.3%, UAUA +1.1%...

Gapping down:

ACEL -60.6%, RBS -14.6%, MW -6.9%, AINV -6.4%, ESLR -6.0%, SHLD -4.9%, JST -3.4%, DCP -3.3%, STP -3.1%, WR -2.1%, RTP -1.9%, BHP -1.6%.

Upgrades and Downgrades

Upgrades:

MFA, FSR, AXL

Downgrades:

CHS, SNDA, VVUS, JNPR

Morning News

Futures are pointing to a lower open

In Japan the Nikkei 225 closed up 3.03%

In Hong Kong the Hang Seng closed up 0.55%

European markets are trading higher

Corporate Profits (Apr , 2008)

Gross Domestic Product (Q1p , 2008)

Jobless Claims (wk5/24 , 2008)

Help Wanted Index (Apr , 2008)

EIA Petroleum Status Report (wk5/23 , 2008)

EIA Natural Gas Report (wk5/23 , 2008)

Money Supply (wk5/19 , 2008)

Crude Oil is $130 per barrel

Gold is $896 per ounce

Wednesday, May 28, 2008

Stock Market Review

7 Stocks You Need to Know for Thursday

Dow Chemical (DOW | Quote | Chart | News | PowerRating) announced its decision to raise prices on all products by as much as 20% by the first of June to deal with rising commodity costs.

Hedge fund manager David Einhorn claimed that the $6 billion raised by Lehman Brothers (LEH | Quote | Chart | News | PowerRating) will not be enough to cover the company's credit-related losses.

Reporting earnings before the bell on Thursday, Costco (COST | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $0.65.

Shares of Dryships (DRYS | Quote | Chart | News | PowerRating) were up more than 9% on Wednesday as the business of transporting commodities across international waters continues to benefit shippers.

Fears of sluggish advertising sales growth led investors and traders to sell shares of Viacom (VIA | Quote | Chart | News | PowerRating) on Wednesday. The stock was down by more than 4% on the day.

Dell (DELL | Quote | Chart | News | PowerRating) is scheduled to report earnings on Thursday after the close. Analysts are expecting EPS of $0.33.

Expedia (EXPE | Quote | Chart | News | PowerRating) moved higher by more than 4% on Wednesday as speculation grew that Barry Diller, chairman of the company, would seek to take the company private.

X

United States Steel Corp. is acting very well this afternoon and could be overnight momentum so keep it on the radar going into the close.

POT

Potash, Inc. is in a bullish power trend in early trading so keep it on the radar.

RIMM

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

DRYS

Dryships, Inc. is acting well in early trading so keep it on the radar.

V

Visa, Inc. is in a bullish power trend in early trading so keep it on the radar.

NVDA

Nvidia Corp. was upgraded this morning by JMP Securities so keep it on the radar.

Pre-Market Gappers

Gapping up:

FORD +16.3%, DCI +5.8%, COGT +5.4%, DAR +4.3%, AKNS +4.2%, UAUA +3.9%, WX +3.4%, SAP +3.2%, SWN +3.1%, LCC +2.5%, KDN +2.4%, CAL +2.3%, YHOO +1.9%, SPW +1.7%, CBSH +1.4%...

Gapping down:

PSEC -5.8%, JBLU -5.2%, PEIX -2.9%, ADM -2.3%, BP -2.0%, HERO -1.8%, SNDA -1.6%, GLD -1.3%, TOT -1.3%.

Upgrades and Downgrades

Upgrades:

WBMD, NVDA, FTO, ADBE, AMLN, PGR

RBS, ALSK

Downgrades:

EDN, BAS, OVTI, EXC, LYG

Morning News

Futures are pointing to a slightly higher open

In Hong Kong the Hang Seng closed down 0.13%

In Japan the Nikkei 225 closed down 1.32%

European Stocks are trading up

MBA Purchase Applications (wk5/23 , 2008)
ICSC-UBS Store Sales (wk5/24 , 2008)
Durable Goods Orders (Apr , 2008)
Redbook (wk5/24 , 2008)
EIA Petroleum Status Report (wk5/23 , 2008)

Crude Oil is trading down and is $127 per barrel

Gold is trading down and is $896 per ounce

Silver is trading down and is $17.50 per ounce

Tuesday, May 27, 2008

Stock Market Review

7 Stocks You Need to Know for Wednesday

An upgrade by Credit Suisse Group AG from "neutral" to "outperform" helped make Citizens' Communications (CZN | Quote | Chart | News | PowerRating) the big winner in the S&P 500. CZN was up more than 4% on Tuesday.

Vodafone Group (VOD | Quote | Chart | News | PowerRating), one of the world's largest wireless communications corporations announced the departure of its CEO, Arun Sarin, who will be replaced by his deputy, Vittorio Colao.

Darden Restaurants (DRI | Quote | Chart | News | PowerRating) - operators of Red Lobster, Olive Garden and Bahama Breeze - found its shares upgraded today by Merrill Lynch, which suggested that the company was better positioned to weather a slowdown in consumer discretionary spending.

A Citigroup downgrade from "buy" to "hold" sent shares of General Motors (GM | Quote | Chart | News | PowerRating) lower on Tuesday in what is the seventh consecutive down day for shares of the automaker.

UBS AG (UBS | Quote | Chart | News | PowerRating) lost more than 13% on Tuesday after disclosing that the bank likely had further losses to come due to exposure to the subprime mortgage debt.

Reporting earnings before the open on Wednesday, American Eagle Outfitters (AEO | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $0.19.

Dollar Tree (DLTR | Quote | Chart | News | PowerRating) is scheduled to announce earnings on Wednesday before the bell. Analysts are expecting EPS of $0.42.

V

Visa, Inc. just made a new intra day high so keep it on the radar going into the close. This is the first day up after being down about 4 days in a row.

STMP CHART


Good looking chart on STMP as the stock has broken out today so keep it on the radar.

VMW

VMWARE, Inc. is in a bullish power trend in early trading so keep it on the radar.

GOOG

Google, Inc. is acting well in early trading so keep it on the trading radar.

AMZN

Amazon.com has a good tone in early trading so keep it on the radar.

BIDU

Baidu.com has a good tone in early trading so keep it on the radar.

MA

Mastercard, Inc. is acting well in early trading so keep it on the radar.

AAPL

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

Pre-Market Gappers

Gapping up:

CEDC, AXL, CSUN, NGAS, ASTI, SEED, KONG,

ANIK, SOLF, ESLR, OMNI, V

Gapping down:

UBS -13.9%, FTK -11.3%, IOSP -4.6%, AMCP -3.5%, MRVL -3.0%, NOK -2.2%, BHP -1.7%, E -1.3%, ASML -1.3%, TOT -1.3%.

Warren Buffet Quote

Buffett sees "long, deep" U.S. recession - Reuters.com

Breakout List Market Technical Analysis

Upgrades and Downgrades

Upgrades:

KNX, ENSI, NFX, LCAV, PAC, AXL

Downgrades:

BWA, GM, BUD, BRT

Morning News

Futures are pointing to a slightly lower open

In Hong Kong the Hang Seng closed up 0.64%

In Japan the Nikkei 225 closed up 1.48%

European markets are trading down

Consumer Confidence (May , 2008)

New Home Sales (Apr , 2008)

Crude Oil is $133 per barrel

Gold is $923 per ounce

Silver is $18.30 per ounce

Sunday, May 25, 2008

Technical Analysis Book


Brian Shannon's book technical analysis through multiple time frames is a modern day version of Stan Weinstein's trading principles applied to 21st Century technology. Brian takes difficult technical analysis concepts and explains them in a way that makes them easy to understand and comprehend.

Brian emphasies the psychology of trading through discipline and the importance of creating a trading style that fits your personality. Most traders fail because they have no plan and lack discipline. The chapter on risk management and exit strategies
is invaluable to anyone that is a trader.

After reading this book and applying the principles to your own trading style you will be well on your way to financial freedom. I highly recommend reading this book if you are serious about consistently making money in the markets.

How to Order this book

Saturday, May 24, 2008

VIDEO - Flags (bullish)

Leavitt Brothers' Chart Pattern tutorials...

VIDEO - Symmetrical Triangles (bullish)

VIDEO - Ascending Triangles

VIDEO - Flags (bullish)

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/

Friday, May 23, 2008

7 Stocks you need to know for Tuesday

A Goldman Sachs downgrade from "buy" to "neutral" sent shares of Cheesecake Factory Inc. (CAKE | Quote | Chart | News | PowerRating) lower on Friday by more than 6%.

Good news in the semiconductor industry extends to suppliers and parts maker as well, as Verigy Ltd. (VRGY | Quote | Chart | News | PowerRating) announced on Friday that its third quarter earnings were above analyst expectations.

Foot Locker (FL | Quote | Chart | News | PowerRating) announced significant first quarter losses, but soothed investors by reaffirming their guidance for the full year. The stock was higher by more than 12% on Friday.

Reporting earnings on Friday, Goodyear Tire & Rubber (GT | Quote | Chart | News | PowerRating) announced that the company had exceeded analyst expectations.

A less than optimistic outlook from Royal Caribbean Cruises (RCL | Quote | Chart | News | PowerRating) sent shares sharply lower on Friday.

CA, Inc. (CA | Quote | Chart | News | PowerRating) announced a better than expected revenue forecast for 2009, surprising investors and sending the stock up nearly 4% on Friday.

A report that InBev NV of the Netherlands was considering buying Anheuser-Busch Company (BUD | Quote | Chart | News | PowerRating) sent shares of the American beer distributor soaring by more than 7% on Friday.

S&P Energy Sector Index

ISRG

Intuitive Surgical, Inc. was added to the S&P 500 and the stock is trading up on the news so keep it on the radar.

Pre-Market Gappers

Gapping Up:

IXYS 9.6%, HIBB 9.0%, VRGY 6.9%, ISRG 4.1%, MT 2.0%, AAPL 2.0%, CA 1.2%, ZUMZ 1.2%, GPS 1.2%, FL 1.2%, RBS 1.2%...

Gapping Down:

ALKS -8.2%, BBOX -6.6%, ARUN -5.3%, ARO -3.7%, PSUN -3.6%, DDS -3.4%, BHP -3.2%, AACC -2.8%, NUE -2.2%, FRO -2.1%, BBL -2.0%, PPO -1.7%, ALU -1.4%, ASML -1.0%.

AAPL

Apple, Inc. was added to Goldman Sachs conviction buy list and raised the target to $220 per share so keep it on the radar today.

Upgrades and Downgrades

Upgrades:

SSP, NSM

Downgrades:


HHS, PSUN, NLC, NDSN, ALKS, LLTC

Break Out List Video Market Technical Analysis

Morning News

Futures are pointing to a lower open

The Hang Seng closed down 1.31%

In Japan the Nikkei 225 closed up 0.24%

European stocks are trading lower

Existing Home Sales (Apr , 2008)

Crude Oil is trading up and is $133 per barrel

Gold is trading up and is $925 per ounce

Thursday, May 22, 2008

Stock Market Review

7 Stocks you need to know for Friday

Dick's Sporting Goods (DKS | Quote | Chart | News | PowerRating) experienced its biggest drop since the bear market bottom in October 2002 after its annual profit forecast was less than analysts expected.

Evergreen Solar (ESLR | Quote | Chart | News | PowerRating), the solar power panel parts maker, ended the day up by more than 10% on news of a new $750 million contract.

The biggest producer of electricity from natural gas, Calpine (CPN | Quote | Chart | News | PowerRating) was up by more than 8% on the day on news that NRG Energy (NRG | Quote | Chart | News | PowerRating) was making an unsolicited bid for the company.

BCE, Inc. (BCE | Quote | Chart | News | PowerRating) was down by 12% as bondholders won the right to challenge a planned leveraged buyout of the company.

Gap Inc. (GPS | Quote | Chart | News | PowerRating) announced earnings on Thursday that beat analyst estimates by three cents.

Ford Motor Company (F | Quote | Chart | News | PowerRating) admitted that it would likely break even in 2009, later than analysts had expected. The stock was down more than 8% on the news.

AG-Chem Stocks

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

STP

Suntech Power Holdings Co Ltd reported better then expected earnings and the stock is trading up on the news so keep it on the radar.

Pre-Market Gappers

Gapping up:

STP +10.8%, NDSN +9.7%, LEH +6.7%, RTP +5.2%, BHP +4.8%, SMTC +4.4%, LDG +4.2%, AAUK +4.1%, EAC +3.9%, LTD +3.7%, ENS +3.0%, ESE +2.0%, FLIR +1.1%...

Gapping down:

CEDU -16.8%, BCE -16.7%, NTAP -11.6%, NTES -9.8%, JTX -7.7%, PETM -3.5%, RAD -3.0%, SNPS -2.3%, PFE -1.4%, CTRN -1.2%, MER -1.1%.

Break Out List Video Market Technical Analysis

Upgrades and Downgrades

Upgrades:

ROST, CPWM, EW, CRM, LVLT, FMD

Downgrades:

GS, CHINA, AEP, BCS, MER, LEH

Morning News

Futures are pointing to a slightly higher open

In Hong Kong the Hang Seng closed down 1.64%

In Japan the Nikkei closed up 0.37%

European stocks are trading down

Jobless Claims (wk5/17 , 2008)

EIA Natural Gas Report (wk5/16 , 2008)

Money Supply (wk5/12 , 2008)

Crude Oil is $134.50 per barrel

Gold is $925 per ounce

Wednesday, May 21, 2008

Stock Market Review

7 Stocks you need to know for Thursday

Gamestop (GME | Quote | Chart | News | PowerRating) reports earnings Thursday before the market opens, with analysts expecting earnings per share of $0.35.

Concern over whether or not computer errors at Moody's (MCO | Quote | Chart | News | PowerRating) allowed debt instruments to be mislabeled "AAA" led to a sharp sell-off in the stock on Thursday.

Airlines stocks were particularly hard hit on Thursday with AMR Corp. (AMR | Quote | Chart | News | PowerRating) and UAL Corp. (UAUA | Quote | Chart | News | PowerRating) both down more than 20%.

Hormel Foods (HRL | Quote | Chart | News | PowerRating) is scheduled to announce earnings Thursday morning before the bell. Analysts are expecting $0.55 EPS.

Reporting earnings before the open on Thursday, Ann Taylor (ANN | Quote | Chart | News | PowerRating) is expected to announce earnings per share of $0.46 for the quarter.

Lehman Brothers (LEH | Quote | Chart | News | PowerRating) finished lower by more than 5% on criticism of its hedging practices and a lower Q2 EPS estimate by Merrill Lynch.

APWR

A-Power Energy Generation Systems is acting well today so keep it on the radar.

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

Tuesday, May 20, 2008

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

Monday, May 19, 2008

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

Saturday, May 17, 2008

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.

Friday, May 16, 2008

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

Thursday, May 15, 2008

Stock Market Review

7 Stocks you need to know for Friday

Abercrombie and Fitch (ANF | news | PowerRating | PR Charts ) reports earning tomorrow before the bell, with analysts expecting EPS of $0.66.

Shares of EMC Corporation (EMC | news | PowerRating | PR Charts ) gained more than 6% on speculation that it will sell its stake in VMware (VMW | news | PowerRating | PR Charts ).

Citigroup raised shares of the Chinese web portal Sina Corporation (SINA | news | PowerRating | PR Charts ) from "hold" to "buy." Sina reported an 87% gain in profits for the quarter..

Kohl's (KSS | news | PowerRating | PR Charts ) beat analyst estimates today, even though the company reported softer profits and declining same store sales.

Nvidia (NVDA | news | PowerRating | PR Charts ) gained nearly 8% on continued optimism on a strong second half of 2008 for chipmakers based on increased worldwide demand.

CBS Corporation (CBS | news | PowerRating | PR Charts ) had agreed to buy Cnet Networks for $1.8 billion in a deal finalized today.

Technical Analysis


I highly recommend this book to my readers if you want to become a better trader.

10 Questions with Brian Shannon

AMZN

Amazon.com has a good tone to it so keep it on the radar this afternoon.

AG-Chem Stocks

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

JOYG

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

ATI

Allegheny Tech, Inc. is acting well today so keep it on the radar.

Put vs Call Ratio


With options expiration on Friday here is the Put vs Call Ratio

POT

Potash, Inc. is acting well in early trading so keep it on the radar.

YGE

Yingli Grn Energy out with better then expected earnings and the stock is trading up on the news so keep it on the radar.

SINA

Sina upgraded to Buy from Hold at Citigroup; tgt raised to $65 from $42

Pre-Market Gappers

Gapping up:

SINA +10.9%, YGE +6.7%, WGOV +6.2%, SSRX +5.0%, A +4.5%, UBET +4.4%, TSTC +3.9%, BRCD +3.9%, MT +2.5%, SOL +1.9%, PRGN +1.4%, YHOO +1.0%...

Gapping down:

SSTR -29.2%, PRCP -15.0%, SDTH -9.8%, CTRP -9.6%, STV -3.6%, BCS -3.0%, ASYS -2.2%.

Upgrades and Downgrades

Upgrades:

TNS, SINA, TTEC, PXP, TIVO, GMT, CEL

ITRN, CVX, ELOS

Downgrades:

SPR, KNX, CEC, SLRY, IOMI, CTRP

Morning News

Futures are pointing to a slightly higher open

In Japan the Nikkei 225 closed up about 1%

In Hong Kong the Hang Seng closed flat

European Stocks are mixed

Crude Oil is currently $125 per barrel

Gold is currently $866 per ounce

Empire State Mfg Survey (May , 2008)
May 15
Jobless Claims (wk5/10 , 2008)
May 15
Treasury International Capital (Mar , 2008)
May 15
Industrial Production (Apr , 2008)
May 15
Philadelphia Fed Survey (May , 2008)
May 15
EIA Natural Gas Report (wk5/9 , 2008)
May 15
Housing Market Index (May , 2008)
May 15
Money Supply (wk5/5 , 2008)

Wednesday, May 14, 2008

Stock Market Review

7 Stocks you need to know for Thursday

Blockbuster (BBI | news | PowerRating | PR Charts ) is scheduled to report earnings tomorrow before the bell. Analysts expect EPS of $0.15.

Losses that were not as bad as expected helped life shares of Freddie Mac (FRE | news | PowerRating | PR Charts ) more than 9% today.

Disappointing second quarter profits and the continued slowdown in the construction business lead sellers to send Deere (DE | news | PowerRating | PR Charts ) lower by nearly 10% on Wednesday.

Up more than 10% intraday, Evergreen Solar (ESLR | news | PowerRating | PR Charts ) soared on an analyst upgrade and improved investor confidence in the sector.

Optimism in the semiconductor industry helped lift shares of KLA-Tencor (KLAC | news | PowerRating | PR Charts ) by more than 3% today.

Sellers overwhelmed Whole Foods Market Inc. (WFMI | news | PowerRating | PR Charts ) on Wednesday, sending the stock down nearly 14% on disappointing second quarter earnings.

Shares of Macy's (M | news | PowerRating | PR Charts ) ended the day up more than 3% as the retailer announced quarterly sales that beat analyst estimates.

KLAC CHART


KLA-Tencor Corp. is acting well today so keep it on the radar this afternoon.

NMX

NYMEX Holdings, Inc. has a good tone to it today so keep it on the radar this afternoon.

JASO

JA Solar Holdings is acting well today so keep it on the radar.

AG-Chem Stocks

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

RIMM

Research in Motion continues to act well so keep it on the radar.

V

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

MA

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

FSLR

First Solar, Inc. has broken out and made a new 52 week high so keep it on the radar.

SOL

Renesola Ltd. is acting well in early trading after reporting earnings so keep it on the radar.

Pre-Market Gappers

Gapping up:

XRIT +10.0%, CRME +9.3%, FRE +7.2%, FLML +5.1%, ESLR +4.0%, HMIN +3.9%, UA +3.9%, JOBS +3.5%, DSX +2.0%, BHP +1.9%, SPLS +1.6%, OI +1.3%, CCU +1.2%...

Gapping down:

APP -17.1%, MBRK -10.9%, ASEI -10.8%, WFMI -8.6%, DE -6.8%, SOL -3.1%, CHDX -2.5%, GOLD -2.0%, ERTS -1.5%, NLY -1.4%, EXR -1.3%.

Upgrades and Downgrades

Upgrades:

SPLS, ADCT, GENZ, ESLR, JAVA, NXY

Downgrades:

FLR, CCJ, CRZ, CSIQ, WAB, GNK, EDS

SHO, ANAD

S&P 500 CHART

DSX

Diana Shipping beats by $0.04, beats on revs (34.31 )
Reports Q1 (Mar) earnings of $0.71 per share, $0.04 better than the First Call consensus of $0.67; revenues rose 104.9% year/year to $78.9 mln vs the $73.8 mln consensus.

Morning News

Futures are pointing to a lower open

Asian Markets are trading higher

European Markets are trading lower

Bank of England Says Inflation Will Accelerate

Clear Channel Agrees to Buyout at Reduced Price

Oil Inventories will be released at 10:30am

Crude Oil is currently $125 per barrel

Gold is trading down and is $863 per ounce

MBA Purchase Applications (wk5/9 , 2008)
May 14
Consumer Price Index (Apr , 2008)

Tuesday, May 13, 2008

Stock Market Review

7 Stocks you need to know for Wednesday

A report from CNBC that said Carl Ichan was considering a proxy fight against the board of Yahoo! (YHOO | news | PowerRating | PR Charts ) sent the company's stock soaring by more than 5% on Tuesday.

Electronic Arts (ERTS | news | PowerRating | PR Charts ) reported larger losses on Tuesday, though the company beat expectations for revenues and profits after special costs were excluded.

American International Group (AIG | news | PowerRating | PR Charts ) raised more than $17 billion as part of its capital-raising plan, far more than the $12.5 billion suggested a week ago.

Canadian Solar (CSIQ | news | PowerRating | PR Charts ) reported dramatically higher earnings on Tuesday and raised guidance.

Sharply lower net income for the second quarter by Applied Materials (AMAT | news | PowerRating | PR Charts ) suggested softening demand for semiconductors in consumer electronics.

Higher quarterly profits did not help shares of retailer T.J. Maxx (TJX | news | PowerRating | PR Charts ) which was sharply lower on Tuesday due to good, but not great, guidance.

Hewlett Packard (HPQ | news | PowerRating | PR Charts ) announced that it would pay $13.9 billion for Electronic Data Systems. The stock finished down by more than 5%.

Earnings

Today after the close look for the following companies to report:

JOBS, APP, ASEI, AMAT, CALL, CVLT, CHCI, DIET, ERTS, FLML, GIVN, HI, HRC, HMIN, PODD, MELI, OPNT, PAAS, PLAB, RUBO, and WFMI

Tomorrow before the open look for the following companies to report:

ALLT, MT, DE, DSX, FRE, FSIN, ITRN, JBX, M, MEMY, NICE, CHUX, SOL, ELOS, TEF, TTEC, and WATG.

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

AAPL

Apple, Inc. continues to act well so keep it on the radar.

FSLR

First Solar, Inc. is acting very well in early trading so keep it on the radar.

V

Visa, Inc. has been down about 3 days in a row and could bounce today so keep it on the radar.

PNRA CHART


Panera Bread has a good looking chart and going through $53 on above average volume would be bullish.

RIMM

Research In Motion tgt upped to $165 from $140 at Citigroup following investor day

FLR

Fluor Corp. posted better then expected earnings and the stock is trading up on the news so keep it on the radar.

CSIQ

Canadian Solar, Inc. beat expectations on earnings and the stock is trading up on the news this morning so keep it on the radar.

BOOM

Dynamic Materials, Inc. was upgraded by KeyBlanc Capital Markets this morning so keep it on the radar.

Pre-Market Gappers

Gapping up:

FSYS +18.6%, KNXA +17.0%, FLR +7.2%, PAL +5.8%, BE +5.4%, BYI +4.3%, CFX +4.2%, WRNC +3.8%, PGIC +3.5%, PBR +3.0%, OC +2.7%, CKXE +2.0%, EMR +1.9%, LMC +1.8%...

Gapping down:

ABP -11.4%, DFR -11.3%, DT -7.7%, VVTV -7.2%, HOKU -6.7%, NUAN -5.0%, LDK -4.8%, WNR -4.2%, NAT -4.2%, AU -2.9%, HT -2.8%, WMT -2.7%, ASML -2.7%, NLY -2.5%, TS -2.0%, PPC -1.8%, DB -1.5%.

Upgrades and Downgrades

Upgrades:

BOOM, BRL, RSH, TSFG, IBKC, SOV

Downgrades:

NXTM, GNA, MIVA, LHCG, BE, EDS

HBHC, SNN

Morning News

Futures are pointing to a lower open

Asian Stocks are trading higher

European Stocks are trading lower

Crude Oil is $123.80 per barrel

Gold is trading down and is $880 per ounce

ICSC-UBS Store Sales (wk5/10 , 2008)
May 13
Import and Export Prices (Apr , 2008)
May 13
Retail Sales (Apr , 2008)
May 13
Redbook (wk5/10 , 2008)
May 13
Business Inventories (Mar , 2008)

Monday, May 12, 2008

Stock Market Review

7 Stocks you need to know for Tuesday

Ann Taylor (ANN | news | PowerRating | PR Charts ) gained 17% as the retailer surprised analysts by raising its quarterly earnings forecast to between $0.45 and $0.47 per share.

The world's largest bond insurer, MBIA (MBIA | news | PowerRating | PR Charts ), reported a massive quarterly loss of $2.4 billion on Monday.

Wal-Mart (WMT | news | PowerRating | PR Charts ) announces earnings Tuesday before the market opens, with analysts expecting $0.75 EPS.

Research in Motion (RIMM | news | PowerRating | PR Charts ) introduced a new, faster Blackberry as suspicions grew that Apple (AAPL | news | PowerRating | PR Charts ) was clearing iPhone inventory to make way for a new device of their own.

Shares of Electronic Data Systems (EDS | news | PowerRating | PR Charts ) leapt by more than 25% on news that Hewlett-Packard (HPQ | news | PowerRating | PR Charts ) was in talks to buy the company.

Stocks to Watch this Afternoon

GNK, SOHU, SINA, BIDU, GOOG,

PBR, GS, and SHLD

ENER

Energy Conversion Devices, Inc. continues to act well so keep it on the radar.

MA

Mastercard, Inc. is acting well this afternoon so keep it on the radar.

DRYS

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

AAPL

Apple: iPhones out-of-stock at Apple.com

Apple tgt raised to $220 at Amtech

EXM CHART


This security has a possible bull flag on the chart and going through $46.50 on good volume would be bullish.

RIMM

Research In Motion and MSFT to bring Windows Live services to BlackBerry smartphone customers

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

DLTR

Dollar Tree was upgraded this morning by JP Morgan so keep it on the radar.

Pre-Market Gappers

Gapping up:

VC +4.9%, JASO +1.6%, LDK +1.5%, C +1.5%, TOT +1.2%...

Gapping down:

OMNI -7.1%, MBI -4.6%, FDX -3.3%, UPS -1.2%.

Economic Data this Week

Upgrades and Downgrades

Upgrades:

BECN, ZRAN, ERIC, DLTR, CEL, TAL,

FFG, TI, EP

Downgrades:

FDX, EDN, NM, CCOI, BBW, VITL, LNG

SDA, DRS, PSA, PSUN

Morning News

Futures are pointing to a slightly higher open

In Japan the Nikkei 225 closed higher

In China the Hang Seng closed down 1.50%

European stocks are trading higher

Treasury Budget (Apr , 2008)

China hit by 7.8 Magnitude Earthquake

Crude Oil is $125 per barrel = $3.75 per gallon of gas

Gold is trading flat and is $884 per ounce

Sunday, May 11, 2008

Break Out List Video Market Technical Analysis

Saturday, May 10, 2008

VIDEO - Bullish Symmetrical Triangles

Leavitt Brothers' tutorial on Bullish Symmetrical Triangles...

VIDEO - Bullish Symmetrical Triangles

April was a good month. In this week's video, I do a summary of many of our stock and option set ups...

VIDEO - April Archives

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/

Friday, May 09, 2008

Stock Market Review

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