OMNI

Omni Energy Services Corp. is acting well here in early trading so keep this stock on that watchlist.

Budd Foxx

ELN

Elan Corp. seems to be perking up a bit here so keep this stock on that trading radar.

Budd Foxx

S&P futures vs fair value: +2.4. Nasdaq futures vs fair value: +8.3.

Positive bias persists in pre-market action after key economic data continue to show that core inflation is deflating faster than the Fed had anticipated. While S&P 500 futures are trading above fair value, but Nasdaq 100 futures hold an even more bullish disposition. That's due in part to a 20% surge in shares of Research In Motion (RIMM), which has garnered multiple analyst upgrades after handily topping expectations last night and issuing upside Q2 profit guidance.

Pre-Market Gappers

Gapping up:

CRYO +51.8%, RIMM +18.8%, KOMG +7.5%, APOL +7.3%, CBH +6.3%, PCLN +3.6%, TASR +3.1%, FLR +3.0%, ARBA +2.9%, JBLU +2.6%...

Gapping down:

AHM -7.5%, TIBX -4.5%, PALM -4.0%, CPO -2.5%, MT -1.2%, CCL -1.1%.

Hammerstone Daily Massive

SEP'07 S&P500 ** POSITIVE SIGNAL NEEDS CONFIRMATION ** - The SEP'07 SP500 bounced off support and is flirting with a positive turn. Key off the 1519.50 Directional today for an indication of the session tone. A held trade above here is needed to give yesterday's signal its due, pressing 1528 and 1536.50 on any positive follow through. Be patient. Although a test of this resistance is positive, a reaction should be expected. Roll with a held breach of 1536.50, as new highs will be on the menu up to 1567.75 and 1574.25 on any trend move north.

- A held trade under 1519.50 has the index in a messy digest down to 1511- 1509.50. Stay nimble. This is the base supporting the higher hope. If the market is ready to make a run, it will find its footing here. A held failure puts yesterday's signal in question down to 1502.25 on any negative turn. Be patient. A messy trade is expected. A break under 1502.25 and the contract revisits the 1492.75-1491.50 support, if not 1480.50-1478.75. Advisory warning is in effect. This is an edge of the envelope. It's hold or fold. Jump on a reversal signal but don't fight a held trade under this support, as the underlying sentiment will turn sour with 1442.25 the lower target. 1418 is the current extreme.

Hammerstone Daily Massive

TASR

Taser International is acting well again this morning in pre market trading so keep this stock on that trading radar.

Budd Foxx

CRYO

CryoCor Inc. is rippin here in pre market trading this morning so put this stock on that watchlist.

Budd Foxx

ARRS

Arris Group continues to act well so keep this stock on that trading radar.

Budd Foxx

SIRI

Sirius Satellite Radio seems to be perking up just a bit here so keep this stock on that trading radar.

Budd Foxx

IVN

Ivanhoe Mines opening to the upside again this morning so keep this stock on that trading radar.

Budd Foxx

DSTI

Daystar Technology is actively trading to the upside here in pre market trading so keep this stock on that trading radar.

Budd Foxx

S&P futures vs fair value: -1.0. Nasdaq futures vs fair value: -0.5.

As expected, Q1 GDP was revised slightly higher, but barely. The final read checked in at 0.7% (consensus 0.8%), up from a preliminary read of 0.6%. The chain deflator, a key inflation measure, unexpectedly rose to 4.2% (consensus 4.0%) from 4.0%. Initial claims fell 13K to 313K (consensus 315K). The response in stocks so far has been relatively muted given the Q1 GDP report's predictability; however, futures were trending higher ahead of the data as investors revisit the idea that policy makers will exclude the word "elevated" as it relates to inflation in today's closely-watched Fed statement. Bonds have also barely budged on the news; the 10-year note remains unchanged yielding 5.08%.

ONT

On2 Technologies is acting well again here in pre market trading so keep this stock on that trading radar.

Budd Foxx

Pre-Market Gappers

Gapping up:

MDG +12.7% BBW +12.0%, NTO +10.1%, AMSC +7.5%, DNDN +5.7%, ONT +5.6%, RAD +5.4%, IMMR +5.3%, DDS +4.9%, IMOS +4.0%, TASR +3.7%, AMR +3.1%, COF +2.8%...

Gapping down:

DRIV -14.2%, MNTA -14.0%, LSI -7.3%, SMOD -5.9%, BZH -4.2%, AUY -3.2%, BBBY -3.1%, NVLS -2.8%, ESC -2.8%, LRCX -2.0%, AU -1.9%, ASML -1.6%, AMAT -1.5%.

DNDN

Dendreon Corp. is also trading up this morning in pre market trading so keep this stock on that watchlist.

Budd Foxx

HOKU

Hoku Scientific is trading up just a bit here in pre market trading so put this stock on that trading radar.

Budd Foxx

LBIX CHART

This stock breaks out over $4.70 per share so keep it on the radar for Thursday. MACD is also looking bullish.

ARRS

Arris Group Inc. is acting well here today so keep this stock on that trading radar.

Budd Foxx

IVN

Ivanhoe Mines seems to be perking up just a bit here so keep this stock on that watchlist.

Budd Foxx

PARL CHART

This stock is acting very well today. First sign of resistance is at the 200 dma around $5.65

Here is a list of low priced stocks trading on above average volume.

Trading Up:

RMKR (+0.4%, 147.7x avg vol for this time of day), VSGN (+4.4%, 38.5x -reported outcome of FDA meeting), FUR (+3.3%, 15.7x -sold its shares in America First Apartment Investors), IVAN (+7.3%, 10.7x -completed Athabasca Bitumen test)... Trading Down: IMH (-22.5%, 17.2x avg vol for this time of day-will not be declaring a common share dividend for Q207), NUVO (-16.8%, 23.5x -resumed development of Alfimeprase in multiple blood-clot related indications).

IVAN

Ivanhoe Energy is acting well here in pre market trading so keep this stock on that trading radar.

Budd Foxx

ALAN CHART

Look for this stock to follow through today.

Pre-Market Gappers

Gapping up:

GTRC +20.8%, ANDW +13.0%, YMI +9.9%, ALAN +7.7%, NKE +4.9%, JSDA +3.4%, CAG +2.7%, IOC +2.2%, BBY +2.0%...

Gapping down:

NUVO -22.2%, HOKU -2.7%, GFI -2.1%, FFIV -1.7%, BHP -1.3%.

TMTA CHART

This stock breaks out over $0.60 cents a share. The first sign of resistance after the break out is around $0.86 which is the 200 dma.

JSDA

Jones Soda is acting well here in pre market trading this morning so keep this stock on that trading radar.

Budd Foxx

ALAN

Alanco Technologies ripped yesterday and is trading up just a bit here in pre market trading this morning so keep this stock on that watchlist.

Budd Foxx

MED CHART

This security is forming a nice flat base and is also sitting on the 200 dma so keep it on the radar for a possible break out above $9.40

Low priced stocks trading on unusual volume

Here is a list of low priced stocks trading on above average volume... Trading Up: ZL (11.6%, 248.2x, Legerity acquisition), DSTI (+11%, 205.8x, continued momentum), ASTI (+9%, 9.7x), CTIC (+8%, 4.7x, says publication on Pixantrone preclinical studies demonstrates reduced Cardiotoxicity), XWG (+5%, 7.2x), BPUR (+4%, 9x avg vol for this time of day). Trading Down: WHI (-32%, 10.08x, 8-K describing one of its larger asset-based loans originated by its asset-based lending division is impaired), CRYO (-14%, 58.5x more weakness following yesterday's announcement that it's device didn't meet trial goals), UNCL (-3%, 22x), IXYS (-9.1%, 10.1x, lowers guidance, files for convertible notes offering), SNSS (-7%, 97.3x), AGIL (-0.25%, 16.4x).

ASTI

Ascent Solar Tech, Inc. is acting very well today so keep it on the radar.

DSTI

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

BAMM

Books A Million Inc. is acting well here in early trading this morning so keep this stock on that trading radar.

Budd Foxx

SOLF CHART

This security would break out over $10 per share and possibly take it up to the gap around the $11.80 area.

AMKR CHART

This stock breaks out over $15.15 per share so keep it on the radar today.

HOKU

Hoku Scientific, Inc. is once again trading up in pre-market so keep it on the radar today.

Pre-Market Gappers

Gapping up:

VMSI +51.6%, EAS +20.9%, HUN +16.4%, GORX +10.9%, HOKU +6.2%, GGP +3.3%, SMSI +3.1%, TASR +2.3%...

Gapping down:

RAIL -3.9%, URZ -2.9%, LEN -2.0%, TGT -1.2%.

DSTI CHART

Nice upside today on good volume. This stock could follow through on Tuesday.

NNRF CHART Flat Base

This is a pink sheet stock so more risk is involved but we would like to point out that this stock has a super looking chart with a nice flat base.

GNBT

Generex Biotechnology is acting well here this morning so keep this stock on that watchlist.

Budd Foxx

ONT

On2 Technologies is moving up here a bit so put this stock on that trading radar.

Budd Foxx

HOKU

Hoku Scientific Inc. is at it again this morning so put this stock on that trading radar.

Budd Foxx

OREX

Orexigen Therapeutics Inc. is moving in pre market trading here so keep this stock on that trading radar.

Budd Foxx

DCEL

Dobson Communication is acting very well here in pre market trading this morning so keep this stock on that trading radar.

Budd Foxx

SIRI

Sirius Satellite Radio made a nice move on Friday, and is trading up just a bit here in pre market trading this morning so keep this stock on that watchlist.

Budd Foxx

SYNM

Syntroleum Corp. is acting well here in pre market trading this morning so keep this stock on that watchlist.

Budd Foxx

Our Interview on Wall St Radio

Dennis Olson from www.wallst.net was nice enough to interview us a few weeks ago. You can listen to the full interview by clicking on the link below:

Our Interview on Wall St Radio

Pre-Market Gappers

Gapping Up:

FRH +17.2%, SYNM +13.8%, COLY +11.5%, OMTR +9.6%, PIR +7.7%, DCEL +5.5%, SMSI +4.1%, IPG +4.0%, MCHX +3.8%, GIVN +3.5%, PTT +3.3%, LUM +3.0%, GM +2.8%, TRMP +2.7%, HK +2.7%, BOBJ +2.4%...

Gapping Down:

TTWO -3.8%, NVDA -2.6%, CROX -2.3%, AAUK -2.1%, CSG -1.5%, CCL -1.4%.

SIRI

Sirius Satellite Radio is trading to the upside here this morning so keep this stock on that watchlist.

Budd Foxx

S&P futures vs fair value: -5.4. Nasdaq futures vs fair value: -6.0.

S&P 500 and Nasdaq 100 futures are off their lows but still languish well below fair value to indicate a lower open for the cash market. There is some semblance of stabilization in bonds; but the yield settling in only a few basis points below the 5.25% fed funds rate continues to undermine the momentum equities have enjoyed for nearly a year.

Pre-Market Gappers

Gapping up:

ONS +11.8%, JBL +9.7%, EFUT + 7%, CVTX +4.7%, GRRF +4.3%, TASR +4.1%, COLY +3.6%, CBLI +3.5%, EBAY +2.5%, ASML +2.4%, SIRF +2.3%, SIRI +1.8%, CROX +1.6%

Gapping down:

HOKU -5.2%, COGN -2.8%, SIX -2.5%, MT -2.5%, CMG -2.1%, AAUK -2.0%, BHP -1.8%.

TASR

Taser International continues to act well and is trading up this morning in pre market trading so keep this stock on that watchlist.

Budd Foxx

RZ CHART

MACD is looking bullish on this security so keep it on the radar.

CANDLESTICK POSITIVE INDICATORS AND GOOD CHARTS FOR: FRI

DATABASE:

AKS, ARRS, CHNG.OB, DK, NVDA, SNHY.

WATCHLIST :

GLBL, HURN, FACE, WPI, AMAT, CIEN, LNN, SCSC,

INTERESTING CHARTS:

AMKR, GHM, IDSA, IVAC, NAHC, SMDI, TBSI, KOP,

NATL, NCIT, UDRL, BRKS.

ARRS

Arris Group Inc. continues to act well so keep this stock on that watchlist.

Budd Foxx

ANAD

Anadigics, Inc. has a good tone to it today so keep it on the radar.

BDCO

Blue Dolphin Energy opening to the upside here this morning so put this stock on that watchlist.

Budd Foxx

HOKU

Hoku Scientific Inc. is actively trading to the upside here in pre market trading so keep this stock on that trading radar.

Budd Foxx

Pre-Market Gappers

Gapping up:

ADLS +17.6%, WSCI +14.9%, OO +13.9%, PANC +12.3%, HOKU +11.8%, ANDE +10.2%, TSTC +9.9%, LUX +7.6%, VGR +4.4%, CPNLQ.PK +4.1%, NVDA +2.0%...

Gapping Down:

ESE -22.9%, IDMI -5.6%, AMLN -4.8%, CAKE -4.8%, HRB -4.4%, NRMX -3.5%, BWLD -3.5%, DCX -1.8%, CCL -1.4%, NOK -1.3%.

5 Interesting Charts

CHTR / ANO / TVL / RNO / VTO

Five Interesting Charts

CNTF CHART

China Tech Faith Wireless is coming off a bottom and could follow through on Thursday so keep it on the radar as a possible momentum play.

SOLF

Solar Fun Power Holdings Company Ltd. has a good tone so keep it on the radar.

GMO

Idaho General Mines Inc. is trading up here this morning so keep this stock on that trading radar.

Budd Foxx

ARRS

Arris Group Inc. just made a fresh 52 week high so keep this stock on that trading radar.

Budd Foxx

OMNI

OMNI Energy Services seems to be perking up just a bit here again this morning so keep this stock on that trading radar.

Budd Foxx

ONT

On2 Technologies Inc. is trading up just a bit here in pre market trading so keep this stock on that watchlist.

Budd Foxx

CNVR CHART

Pre-Market Gappers

Gapping Up:

AVRX +22.9%, JNC +17.4%, LYTC +11.3%, LUNA +9.7%, HD +6.2%, CLC +6.0%, FRPT +4.7%, FFHL +4.3%, GROW +4.0%, MU +3.3%...

Gapping Down:

CTIC -8.2%, MGM -7.8%, SHFL -5.8%, BW -5.8%, HANS -4.3%, DRI -3.9%, MTRX -2.3%, CC -1.8%, LLTC -1.4%, FDX -0.5%.

TGB CHART

This security breaks out over $3.85 per share so keep it on the radar for Wednesday.

ANAD CHART

This stock breaks out over $13.75 per share so keep it on the radar for Wednesday.

CTDC CHART

This stock could follow through on Wednesday so keep it on your trading radar as possible momentum.

FFHL

Fuwei Films Holdings Company Ltd. seems to be closing very strong here and could be momentum.

NFI

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

CPSL CHART

Watch for a follow through on Wednesday. This stock has resistance at the 50 dma. Could also be momentum today.

Pre-Market Gappers

Gapping up:

EXPE +15.4%, EPIX +15.1%, CLRK +12.1%, ZGEN +8.6%, MGRM +8.1%, LNET +4.1%, TASR +3.8%, NUVO +3.0%, FDS +3.0%, ONSM +2.9%, CMED +2.2%, YHOO, MAMA, CYBS

Gapping down:

ALTH -15.3%, BBY -4.6%, CC -3.2%, JSDA -2.1%, BEAS -2.0%, VOD -1.8%, LEG -1.6%, RSH -1.1%, CSG -1.1%.

MCZ CHART

This stock breaks out over $1.45 per share so keep it on the radar today.

FRG CHART

This stock may follow through on Tuesday so keep it on the radar. FRG has resistance at the 50 dma $12.87

GMO CHART

MACD is giving a buy signal and volume is increasing on this security. The break out is over $7 per share.

SYMC

Symantic Corp. has a decent tone to it today so keep it on the radar.

BEAS

Bea Systems, Inc. is in a bullish power trend this morning so keep it on the radar.

Pre-Market Gappers

Gapping up:

LXRX +24.3%, VICL +14.9%, CMED +10.1%, GCO +9.2%, DDSS +8.7%, ORCT +7.8%, CVTX +7.3%, IMOS +7.1%, CRNT +4.5%, STEM +4.5%, JSDA +3.4%, CHL +3.1%, SAP +3.0%, AA +2.6%...

Gapping down:

ENCY -49.3%, NMX -1.7%, SLGN -1.5%, CROX -1.4%.

JSDA

Jones Soda is trading up a bit here in pre market trading this morning so keep this stock on that watchlist.

Budd Foxx

TRMM CHART

CHINA CHART

This is a weekly chart on CDC Corp. and as you can see it broke the down trend line on a weekly chart.

EPCT

Epicept Corp. is acting very well in early trading so keep it on the radar.

FORG 200 DMA Alert

This oversold stock has bounced off the 200 dma in the past and might do it again so keep it on the radar.

Pre-Market Gappers

Gapping up:

EPCT +28.0%, WOS +7.7%, ACH +7.2%, NMX +6.9%, EXPE +5.3%, HANS +4.9%, MTSX +4.4%, CHTR +3.3%, INTC +2.1%, CLWR +2.0%, ASML +1.9%...

Gapping down:

BBW -5.6%, WGO -4.1%, SAP -0.8%.

MMG CHART

This stock breaks out over $4 per share so keep it on the radar for a possible swing or position trade.

CANDLESTICK POSITIVE INDICATORS AND GOOD CHARTS FOR: FRI

DATABASE:

AIRM, AMKR, ARRS, BOOM, BRY,

GHM, GTLS, HXM, KSW, OMNI, TTES.


WATCHLIST:

ATPG, HTE, ATN, ENG, RTEC, WYN


INTERESTING CHARTS:

ALY, CPX, GHM, GTI, HDNG, MRY, PDE,

ROCM, SNHY, UCTT, ABIX, ALJ, BRKS, DRS.

ONT CHART

This stock received support at the 50 dma yesterday and has rallied up from there so keep it on the radar for a possible swing trade.

ENG CHART

ENGlobal Corp. has broken out so keep it on the trading radar.

ELN

Elan Corp. is acting well this morning so put this stock on that watchlist.

Budd Foxx

CLWR

ClearWire Corp. is actively trading to the upside here this morning so keep this stock on that radar.

Budd Foxx

OMNI

OMNI Energy Services Corp. seems to be perking up just a bit here so keep this stock on that watchlist.

Budd Foxx

NTO

Northern Orion has a good tone to it this morning so keep this stock on that trading radar.

Budd Foxx

IO

Input Output Inc. is acting well here in early trading so keep this stock on that watchlist.

Budd Foxx

FNSR CHART

This stock breaks out over $4 per share so keep it on the radar .

Pre-Market Gappers

Gapping Up:

HOKU +73.5%, KRY +32.5%, GNLB +15.5%, ACH +8.2%, HGSI +4.6%, ARQL +4.3%, DPHIQ +4.2%, LPHI +3.7%, ISIL +3.5%, SRZ +2.7%, SI +2.5%...

Gapping Down:

SCSS -6.8%, SNY -4.3%, AAUK -1.3%.

HOKU

HOKU Scientific is ripping here in pre market trading this morning so keep this stock on that radar.

Budd Foxx

KRY

Crystallex International Corp. is actively trading to the upside here in pre market trading so keep this stock on that watchlist.

Budd Foxx

Market Update

Stocks rallied Wednesday, more than erasing Tuesday's broad-based pullback, as a market increasingly vulnerable to rising bond yields finally got some interest rate reprieve. All 10 economic sectors posted hefty gains while only four of the 147 S&P 500 industry groups closed lower.

After tumbling more than 1.0% Tuesday and being down 2.3% on average less than two weeks into June, it was reasonable to see the major indices stage some sort of a rebound Wednesday. Surprising, though, was a government report that provided investors with a much-needed best case scenario of economic expansion without rising inflation pressures.

At 2:00 ET the Beige Book showed that manufacturing activity was up in most districts while the majority of the 12 Fed regions also reported that overall wage pressures do not seem to be rising, even though hiring picked up in late April through May.

That anecdotal report helped calm some of the nervousness ahead of key inflation data coming in the next two sessions (i.e., PPI and CPI) and provided an even stronger floor of support under early market gains that were inspired by a relief rally in Treasuries.

With the 10-year yield closing at a five-year high of 5.24% yesterday and overnight action lifting it to 5.32% (a 43-basis point surge since May 31), income-oriented investors were looking to benefit from the bond market's oversold condition. Strikingly, today's bond rally gained traction after a stronger than expected Retail Sales report for May.

Of the 10 economic sectors closing sharply higher, Materials (+2.2%) led the charge after Bear Stearns said Alcan (AL 83.17 0.74) might make a counteroffer for Dow component Alcoa (AA

DTPI CHART

GNBT

Generex Biotechnology Corp. seems to be heating up a bit here again this morning so keep this stock on that radar.

Budd Foxx

BBI

BlockBuster Inc. is acting well here at the open so keep this stock on that radar.

Budd Foxx

TDSC CHART

USU CHART

Pre-Market Gappers

Gapping up:

LWSN +10.2%, SAPE +9.0%, OPWV +7.0%, BBI +5.1%, ILMN +4.2%, RDY +3.9%, RTP +3.0%, MT +2.6%, OMTR +2.5%, AAUK +2.0%, BMY +2.0%...

Gapping down:

LJPC -11.7%, HS -4.2%, ALVR -2.3%, CNE -2.1%, SI -1.3%, NFLX -0.8%.

LWSN

Lawson Software is actively trading to the upside here in pre market trading so keep this stock on that watchlist.

Budd Foxx

GNBT

Generex Biotech Corp. has perked up a bit here so keep it on the radar.

NGSX

Neurogesx, Inc. is acting well today in this down market so keep it on the radar.

S&P futures vs fair value: -4.5. Nasdaq futures vs fair value: -7.3.

Within the last 20 minutes, Lehman Brothers (LEH) handily topped Wall Street forecasts with record net revenues in all business segments. Unfortunately for the bulls, it's going to take more than today's only notable earnings report to get buying efforts back on track.

Bond yields are coming off their early highs but investors remain cognizant that an upcoming batch of influential economic data has the potential to help determine whether last week's sell-off was warranted.

Pre-Market Gappers

Gapping Up:

IDIX +20.3%, RGEN +12.4%, HOFF +9.1%, ITG +9.0%, JMBA +8.1%, TLM +7.0%, TTWO +6.4%, GMST +6.2%, VSE +5.6%, PIR +4.4%, JDSU +2.9%, RFMD +2.5%, ICI +2.0%...

Gapping Down:

ACLI -12.3%, NRMX -4.5%, SIRF -4.0%, Q -2.8%, TXN -2.5%, ALU -1.7%, NOK -1.5%, SNY -1.4%, PHG -1.4%, ERIC -1.4%.

TTWO

Take-Two Interactive is trading up in pre market trading this morning after an upgrade so keep this stock on that trading radar.

Budd Foxx

IDIX

Idenix Pharmaceuticals is actively trading to the upside in pre market trading this morning so keep this stock on that watchlist.

Budd Foxx

WFII CHART

This stock breaks out over $1.72 per share and has resistance at the 200 dma which is $2.02 per share.

FORD

Forward Industries acted well on Friday and is actively trading to the upside this morning in pre market trading so keep this stock on that watchlist.

Budd Foxx

VWPT CHART

This stock breaks out over $1.30 per share so keep it on the radar.

Pre-Market Gappers

Gapping Up:

MDVN +32.9%, BYBI +23.8%, BRNC +11.3%, NRMX +10.4%, CUP +8.9%, CRED +8.8%, INFN +7.3%, GERN +6.1%, NGSX +4.7%, SNSS +4.2%, SINA +3.8%, JOSB +3.6%, ILMN +2.4%...

Gapping Down:

MKTX -5.3%, PENN -4.7%, OMNI -3.6%, X -3.5%, DNDN -1.7%, E -1.4%, TOT -1.2%.

GERN

Geron Corp. is trading to the upside here in pre market trading so keep this stock on that radar.

Budd Foxx

CUP

Peru Copper has recieved a cash offer from Aluminum Corp. of China valued at $840 million.

Budd Foxx

LBIX

Leading Brands, Inc. broke out today and is acting well so keep it on the radar this afternoon. This stock has a low float and can move up/down very quickly.

CFPC CHART

This OTC BB Coffee stock could receive support at the 50 dma so keep it on your watch list.

AVNR

Avanir Pharmaceuticals is trading up a bit here in pre-market on news so keep it on the radar.

8 Technical Analysis Posts That Make Sense

I was going through the stock education archives just now updating it and realized there are now a total of eight posts specifically on the topic of technical analysis, excellent!

8 Technical Analysis Posts That Make Sense

Video-Warning of a Top

Leavitt Brother's Video warning of a Top in the Market.


Video Warning of a Top

Pre-Market Gappers

Gapping Up:

NSM +8.8%, AVNR +4.0%, MXIM +3.4%, ZQK +2.6%, NFI +2.2%, TXN +2.0%, BRCM +2.0%, DNA +1.5%, QCOM +1.3%..

Gapping Down:

TLAB -3.4%, NT -3.0%, AU -1.9%, AZN -1.8%.

NFI

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

OMNI

Omni Energy seems to be perking up just a bit here so keep this stock on that watchlist.

Budd Foxx

BAMM

Books A Million is acting well here in pre market trading so keep this stock on that watchlist.

Budd Foxx

KRY

Crystallex International Corp. is actively trading to the upside here in pre market trading so keep this stock on that trading radar.

Budd Foxx

Pre-Market Gappers

Gapping Up:

BAMM +10.6%, JOSB +9.3%, HGSI +7.2%, SA +5.6%, EMKR +4.4%, AHO +3.8%, BMET +3.2%, ADCT +3.2%, ACAD +2.8%...

Gapping Down:

CMTL +4.0%, PDLI -2.3%, CMG -2.2%, SAI -1.8%, ALU -1.7%.

PARL CHART

This stock is coming off a bottom and broke out of a flat base. We could see a follow through on Thursday so keep it on the radar for a possible reversal setup. Resistance appears to be at the 50 dma.

One-Week High-Volume Gainers

Stocks that have gained 5% or more in the past week with two-week average trading volume at least double the average volume of the past quarter.

One Week High Volume Gainers

ONT

ON2 Tech has a good tone in this down market so keep it on the radar.

NFI

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

MMG CHART

This mining stock continues to trade in the channel in a tight range so keep it on your watch list. This stock breaks out over $4.05 per share.

JSDA

Jones Soda Company is a depressed stock that is perking up a bit here so keep it on the radar this afternoon.

CANDLESTICK POSITIVE INDICATORS AND GOOD CHARTS FOR: WED

DATABASE:

CROX, MEA, UVE.


WATCHLIST:

FTK, ME, UGS, NM, PED, PTT, HLYS, NGPC

INTERESTING CHARTS:

AFSI, GNA, NVDA, TBSI.

IVAN

Ivanhoe Energy is actively trading to the upside here in pre market trading this morning so keep this stock on that watchlist.

Budd Foxx

S&P futures vs fair value: -6.8. Nasdaq futures vs fair value: -10.8.

A day after rising interest rates sparked a wave of profit-taking activity, such concerns now also weighing heavily on stocks overseas is carrying over into domestic trading this morning. In anticipation of a 25-basis point rate hike by the ECB, which came to fruition 15 minutes ago, the major European bourses are down 1.0% on average. Even though the ECB's benchmark rate now stands at 4.00%, still well below the 5.25% fed funds rate in the U.S., the upward trend in rates globally is contributing to a very negative disposition in the futures market as investors look to keep questioning equity valuations.

Pre-Market Gappers

Gapping Up:

IVAN +9.8%, ACAD +9.4%, AMTD +7.5%, TAL +5.9%, GNVC +5.5%, GES +5.4%, ETFC +3.7%, OPWV +3.2%, LYO +1.6%...

Gapping Down:

XTLB -26.2%, PNRA -9.8%, HSOA -6.3%, GSX -5.4%, COO -5.0%, AAUK -2.4%, GFI -1.8%.

ACAD

Acadia Pharmaceuticals is acting well here in pre market trading this morning so keep this stock on that trading radar.

Budd Foxx

AGEN CHART

This stock appears to be closing above the 50 dma which is considered bullish so keep it on the radar.

MAMA

Mamma.com has broken out of a base here so keep it on the radar this afternoon.

FCEL

Fuel Cell Energy, Inc. could be momentum if the stock is pushing the high of the day near the close so keep it on the radar this afternoon.

ONT CHART

ON2 Tech is getting close to the 50 dma and has a gap to fill so keep it on the radar.

ALVR Takeover Rumor

We are hearing ALU to buy company at 14.00

Pre-Market Gappers

Gapping Up:

ONCY +10.1%, RACK +7.6%, QGEN +7.5%, IDMI +6.8%, FMP +5.5%, FCEL +3.7%, RAD +3.1%, AV +2.6%...

Gapping Down:

OPWV -17.7%, TELK -13.9%, GPCB -11.6%, TRMP -8.0%, AMWD -7.0%, BBBY -6.2%, JNPR -1.6%, SNY -1.1%.

RACK

Rackable Systems is actively trading to the upside here in pre market trading so keep this stock on that watchlist.

Budd Foxx

BSM

BSD Medical Corp. seems to be perking up just a bit here so keep this stock on that watchlist.

Budd Foxx

NFI

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

FCEL

FuelCell Energy is acting well here this morning so keep this stock on that trading radar.

Budd Foxx

LEND

Accredited Home Lenders is on the move here in early trading so put this stock on that watchlist.

Budd Foxx

OMNI

OMNI Energy Services is also acting well here in early trading so put this stock on that watchlist.

Budd Foxx

VION

Vion Pharmaceuticals is acting well here in early trading so keep this stock on that trading radar.

Budd Foxx

Pre-Market Gappers

Gapping Up:

DIGE +36.4%, CYCC +19.7%, ICFI +15.1%, SLR +14.5%, PALM +9.6%, NFI +8.6%, CDNS +8.1%, NVT +6.3%, ONXX +5.0%, YMI +4.9%, IMGN +4.5%...

Gapping Down:

TELK -12.2%, CTIC -10.9%, CRAY -6.9%, RNVS -6.6%, DAL -4.7%, DNDN -3.1%.

SIRI

Sirius Satellite Radio upgraded at Bear Stearns this morning so keep this stock on that trading radar.

Budd Foxx

SCLN

Sciclone Pharmaceuticals is trading up here in pre market trading so keep this stock on that trading radar.

Budd Foxx

MMG CHART

This stock breaks out over $4.05 per share.

NFI

Novastar Financial, Inc. we are hearing takeover rumors in the $12 range on this security in the near future.

IO

Input/Output Inc. is acting well here this morning so keep this stock on that watchlist.

Budd Foxx

SLW

Silver Wheaton Corp. is acting well again this morning so keep this stock on that trading radar.

Budd Foxx

Pre-Market Gappers

Gapping Up:

GLDD +15.3%, DJ +14.4%, ISTA +13.1%, ENMD +11.7%, DXCM +10.1%, ZIOP +8.5%, CCIX +5.8%, DELL +5.8%, FCSC +5.0%, SNTO +4.2%, JCG +4.2%, SAP +3.8%, DNDN +3.4%...

Gapping Down:

DDSS -42.8%, BLUD -7.9%, RSH -1.8%, TSL -1.6%.