Today, we can blame the market almost entirely on OIL and THE DOLLAR. Oil rose to a dime within $120.00 today before selling off and the dollar is becoming the PESO with the reading having hot $1.60 per EURO. Interestingly enough, the oil services stocks are not performing well in earnings season despite record prices. More importantly, today's stock market shows that the market is still in a state of flux, and it may have become a stock picker's market. Until this finally doesn't work, the trade is to buy when you feel worried and sell when you are feeling good. Below are today's unofficial market index closing levels:

• DJIA 12,720.31 (-104.71; -0.82%)
• S&P 500 1,376.00 (-12.17; -0.88%)
• NASDAQ 2,376.94 (-31.10; -1.29%)
• 10YR-TBond 3.72% (+0.008%)
• 52-WEEK LOWS
• MAJOR SHORT INTEREST

Brinker International, Inc. (NYSE: EAT) saw shares rise by after the company narrowly bear earnings expectations. The company is one of "stocks to double" by the recession end, and cost cutting and capacity monitoring did more goodwill today than the earnings. Shares were up by almost 7% at $20.90 in the final minutes of the day.

MOST NOTEWORTHY: National City, Syntax Brillian and Medco Health were today's noteworthy upgrades:

• Deutsche Bank upgraded shares of National City (NYSE: NCC) to Buy from Sell on valuation as they believe their $9.00 target is in-line with the company's franchise value.
  
• Baird upgraded Syntax Brillian (NASDAQ: BRLC) to Outperform from Neutral based on recently announced strategic initiatives and valuation.
  
• Jefferies upgraded shares of Medco Health (NYSE: MHS) to Buy from Hold as they believe the company's renewed PBM contract with United Healthcare (NYSE: UNH) removes a major overhang.

OTHER UPGRADES:

• Friedman Billings raised Downey Financial (NYSE: DSL) to Market Perform from Underperform.
  
• Volterra (VNASDAQ: LTR) was raised to Buy from Neutral at Piper.
  
• Alliance Data (NYSE: ADS) was raised at JP Morgan to Overweight from Neutral.

LDK Solar (NYSE: LDK) is up over 5% on news of a new deal with Hyundai Heavy Industries.

Odyssey Marine Exploration (NASDAQ: OMEX) is up 5% on news it has filed in court for rights to salvage a wreck which the company discovered.

Syntax-Brillian (NASDAQ:BRLC) is off 30% on news that it will enter into a new debt agreement.

United Natural Foods (NASDAQ:UNFI) is trading down 24% on poor earnings.

Stocks may trade differently in the pre-market than they do in the regular session.

Douglas A. McIntyre is an editor at 247wallst.com.

When it comes to HDTVs, most would agree that bigger is better. A leader in the art of using liquid crystal technology to make the really big ones is headquartered in Tempe, Arizona.

Syntax-Brillian Corporation (NASDAQ: BRLC) designs, develops and distributes high-definition televisions, in liquid crystal display and liquid crystal on silicon formats. The company's lead products include its Olevia brand of widescreen HDTV-ready TVs and its Gen II LCoS rear-projection HDTVs for the high-end video/audio market. It also offers imagers that original equipment manufacturers can integrate into proprietary HDTV products, home theater projectors, and near-to-eye binocular headsets. The company acquired Vivitar late last year and now also provides cameras and digital imaging equipment. Texas Instruments (NYSE: TXN) is a major competitor.

Investors were pleased early in the week, when the firm guided Q4 revenues to $190-$210 million. Analysts had been looking for $196.30 million. Management also boosted its 2007 calendar year outlook from $0.95-$1.10 billion to $1.10-$1.30 billion. The CFO said, "We continue to experience strong demand for our products and have had success penetrating additional retail accounts during the first half of 2007." The stock popped into a bullish "pennant" consolidation pattern on the news. Prices frequently exit pennants moving in the same direction they were traveling when they entered them. In this case, that would be to the upside.

Brokers recommend the stock with five "strong buys," one "buy" and one "hold." Analysts see a 47% growth rate, through the next year. The BRLC Price to Sales ratio (1.07), Price to Book ratio (2.70), Sales Growth rate (256.64%), EPS Growth rate (133.86%), Return on Investment (13.35%) and Revenue per Employee ($2.40M) compare favorably with industry, sector and S&P 500 averages. Institutions own about 35% of the outstanding shares. Over the past 52 weeks, the stock has traded between $4.07 and $11.70. A stop-loss of $6.05 looks good here. Note that the firm is expected to report Q4 results in mid-August.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

Jim Cramer has a new SELL BLOCK this evening on MAD MONEY, and many of these are not sells at all. He also reviewed many recent IPOs -- some he says to sell and some he still likes.

Cramer said he feels like he got a little played by the CEO of Syntax-Brillian Corp (NASDAQ: BRLC) because the CEO said all great things, but right after Cramer brought him on the company announced a $15.5 million capital raise at a huge discount in a private placement. Cramer said he felt gamed and he is upset with the CEO for not disclosing this. Cramer doesn't trust the CEO now and he said it is taken off the positive crew.

Out of his 4% yield plays in AT&T (NYSE: T), Cramer says he likes Verizon Communications (NYSE: VZ) better now, but you don't have to sell all of AT&T. He says you can keep some but if you don't own either then he likes VZ better right now.

He would rather see you in Exxon Mobil Corp (NYSE: XOM) and out of his BP (NYSE: BP) call now since everyone wants to own XOM.

Cramer changed his tune on Vonage Holdings (NYSE: VG), well sort of. He said it is very interesting $3.00 lower than here, which is basically ZERO. VG actually popped a tad on this after-hours, even though it sounded a little sarcastic. I would expect to hear a clarification from Cramer on this tomorrow or next week since VG is such a controversial stock.

Movado (NYSE: MOV) is up 12% since his call, but he said to wait for a pullback. Now you got it and it is lower than his first recommendation since they warned; stock was down 17% today.

Here are his recent IPO Sell Block notes: As far as BigBand Networks (NASDAQ: BBND), Cramer still likes it. On SourceFire (NASDAQ: FIRE) he said they have run enough and you can sell. Aruba Networks (NASDAQ: ARUN) and Glu Mobile (NASDAQ: GLUU) he still doesn't like. Cramer likes Clearwire Corp (NASDAQ: CLWR) down here. He still is sticking with the "the underwriters sold to the wrong hands" story and thinks it is a good buy in here. On eTelecare Global Solutions (NASDAQ: ETEL) he said he still likes it but you can sell most of it and just leave the amount on that you have profits in since it is up so much.

Jon Ogg is a partner in 24/7 Wall St. LLC; he does not own securities in the companies he covers.