NASDAQ Technical Picture - Success on Retest

A solid move off of support of the breakout point. Bulls are still in control.

Economic Calendar: Initial claims and Productivity at 8:30; ISM services at 10:00.

Companies moving in after hours trading in reaction to earnings: Trading Up: NVEC +15.7%; SMDI +11.5%; SUNH +7.5%; BBBB +6.7%; RNWK +6.6%; SYMC +5.8%; CLRT +5.4%; OIIM +4.8%; PGTI +4.7%; BARE +4.7%; ARII +4.6%; GNSS +4.5%; ICOC +4.1%; GFIG +3.7%; CNQR +3.3%; DLB +3.3%; TRN +3.2%; VIRL +2.5%; GW +2.2%; SRX +1.9%; NTMD +1.7%; NABI +1.6%; DIOD +1.3%; CVCO +1.3%; FIX +1.0%; SPN +1.0%...

Trading Down: SMSI -11.3%; ACLS -11.0%; JDSU -9.9%; ANDE -8.7%; MXWL -8.5%; TWPG -7.6%; PSPT -6.6%; SUPG -5.8%; NWK -5.5%; CLUB -5.2%; APKT -5.1%; SUN -4.7%; HLX -4.3%; LVS -4.2%; ITRI -4.1%; ARG -3.8%; GFIG -3.7%; LVS -3.6%; VRSN -3.6%; APPB -3.2%; TTEK -2.6%; HS -2.5%; HHGP -2.4%; PTSI -2.4%; LMNX -2.4%; DRCO -2.3%; VCLK -2.1%; GSX -2.1%; GSF -1.7%; TWTC -1.6%; MIL -1.6%; NSIT -1.6%; PDLI -1.5%; ASGN -1.4%; EXPD -1.4%; FLDR -1.3%; OTEX -1.2%; WLT -1.1%; ASPV -1.1%; IOSP -1.0%; SYMM -1.0%; STAN -1.0%...

Companies moving in reaction to news: Trading Up: YMI +27.4% (reports AeroLEF randomized phase IIb trial meets primary endpoint in patients with post-surgical pain); BUF +15.1% (announces FDA approval of Sojourn Sevoflurane); MRX +10.9% (announces FDA approval of PERLANE); CEGE +3.4% (presents interim Phase 1 clinical data of CERE-110 for the treatment of Alzheimer's disease); PAE +3.3% (acquires worldwide distribution rights to ensemble drama "Winged Creatures"); POT +2.9% (announces three-for-one stock split and 100% dividend increase); KAI +2.3% (announces repurchase of up to $20 mln of its equity securities effective May 2, 2007 through May 2, 2008); PTEN +1.8% (reports drilling activity for April 2007); ANDS +1.1% (presents results from its NS5b HCV program at International Conference on Antiviral Research); CALP +1.1% (licenses Monogram Biosciences' microfluidics patents; terms not disclosed); SGR +1.1% (signs letters of intent with Petrokemya for equipment and services to expand capacity of Ethylene unit in Saudi Arabia)... Trading Down: ALGT -2.8% (reports April load factor of 82.1%); DRCO -2.3% (on winning team for $800 mln Air Force contract); TUTR -1.1% (David Smith to resume position as Chairman).