Pre Market July 9th 2007

Asian stocks pick up steam, the Nikkei 255 rallies to a 7 year high. European markets up.

Analyst 'ThinkEquity' raises their price target for Google (GOOG) to $700.00.

I'm watching JSDA. After pulling back most of its gains on Friday on a steady drop all day Friday it is trading up again in pre market. $17.00 is a key pivot point for JSDA. A close above that point will add confidence that JSDA is reversing the trend. I may take a 1/3 position in JSDA today, but I will watch the trading pattern before I decide. JSDA so far has not shown a commitment to continue the rally. The trading on Friday was a huge signal of a possible failed rally. But today it looks as if it will make another try.

I'm seeing some potential for strength in the metals sector today. May have a boost for our open position AKS. Also seeing strength this morning in solar stocks. The solar plays have been volatile, fast runs then hard stops and some wild pullbacks.

The week ahead:

• Monday: 10 year TIPS data (description of TIPS)
• Tuesday: Redbook, Consumer credit
• Wednesday: Wholesale inventories, Crude inventories
• Thursday: Initial claims, Trade balance, Monthly budget statement
• Friday: Export/Import price data, Retail sales, business inventories

On Tuesday Fed Chairman will be speaking about inflation in Massachusetts, on Wednesday Fed reserve governor Kevin Walsh will testify before the House financial Services Committee on hedge funds and systematic risk.

Futures are essentially flat, oil has dropped some but is still above $72. Note: If oil moves to $75 then we will start seeing more pullbacks in many sectors.

"May the bulls be with you"