A very nice rally in the markets today, there was some real strength on decent volume and the iwm, mdy, qqqq, rsp & spy look like they want to break out and take another leg up. Healthcare (XLV) broke out on huge volume today because of the potential Massachusetts Senate victory by the Republican Scott Brown. But the rest of the market will likely be driven by all of the corporate earnings and economic reports that will be coming out over the next week.


To illustrate the point BAC, BK, COH, MS, USB, GS, KEY, PNC, LUV, TSM, AXP, BNI, COF & GOOG all report before Friday morning along with a Housing Starts and a PPI report tomorrow morning. So I am reluctant to look to far ahead right now.

The following ideas maybe actionable tomorrow but be very selective. I have been noting that some stocks are having a tough time breaking out and that the levels are acting more as targets than breakout points. Keep this in mind as you trade and as always look for good volume, relative strength/weakness and use reasonable stops.

abfs 27

amgn 58

cmp 70

ctxs 44

dvn 70ish

intu 32

lh 77

lstr 40

mbt 42.5

sbux 24

tho 32

spy 115.15