TUESDAY MAY 20 THOUGHTS

A little early this morning. So, this may not be as complete as I'd like to be come the market open, but wanted to jot down a few things anyway.

Overseas markets are down across the board, oil is flight, and currencies are down. That'd seem to lend credence for a significantly down market state-side, but the futures are not down all that much and theearly morning earnings reports were good. Like yesterday, it is a stock-picker's day with selected situations being terrific while the overall prevailing tone will help if traded upon acoordingly yet I don't see any wild swings market-wise today.

DRYS/EXM/GNK- DRYS reprtred terrific earnings last night. The stock and indeed the sector was weak yesterday after EXM sold off on good numbers. if i opens higher, it is a short thr unch, but be nimble. EXM/GNK should follow in DRYS wake.

NCTY- great earnings last night; should opensharply higher. It's the old A-B-C again...if it opens at say 28, goes to 27.50, and rallies to 28, i t is a buy at 28. For reference, look back at the ASTI comments from yesterday.

AVR/PEIX/VSE/CLMT/PP/QRCP/PSEM/TRMA/CFSG/ENS/SYNM/BHIP- all closed at or near their highs yesterday. If any of these open down (assuming the market as a whole goes down) and the market upticks, any one of them is a buy thru unch.

PFWD/COIN- both weak yesterday. if they open higher, short thru unch

TNB/PRGN/SBLK/NAT- all Cramer plays from his show last night. They should all open higher. Particularly good morning for these because of the DRYS news. If DRYS goes negative and stages a sell off, these all have room to fall.

CSUN- good earnings this morning. Solars weak overall...CSUN bid in theearly going. If solars rally today, I think this leads all of them and should be bought. That said, if it goes thru unch, short it.

HD/AZO- neutral earnings...if market rallies from open, I think HD rallies with it, i.e. sell the rumor and buy the news.

Waiting on earnings from DRS, MDT, MF, SKS, TGT, UNFI.

Good luck to all.