IWM, DIA Lead Broad Market Rally as Breadth Strengthens...Positive EPS Reactions AXP, ADS, CSX and more....

·         8 SPX and SPY move towards resistance on increased volume. 

·         * Seven sectors were positive. 

·        *  VIX moved lower.

·         * AXP +5.92% after earnings leads DJIA higher.

·         * ADS +8.30% after earnings leads SPX higher.

·         * CSX +5.60% after earnings leads NDX higher.

·         * Trend and support still indicate up trend intact.

Up: IWM, DIA, QQQ, SPY

Down:

Uptrend sectors:  XLY, XLRE, XLP, XLV,

Look for a potential bounce in stronger stocks like: STX, MSFT,

Bounces included: QQQ, MU, AAPL, WDC, MAR,

Potential Breakouts include: AMAT, ADBE, AAL, ADSK, SWKS, ATVI,

CSX, EA, KEY, ETFC, QQQ, XLY, V, UNH, WBA, HD, AMZN, TSLA,

                  (click image to enlarge)

Breakouts: FB, SBUX, BABA,

New Highs JD, FB, SBUX, BABA, MCD, WMT, DIS,

Earnings this week:

Monday:  JBHT, NFLX,

Tuesday: BAC, CMA, GS, IBM, ISRG, JNJ, LRCX, UAL, RF, UNH, YHOO

Wednesday: MS, HBAN, USB, QCOM, EBAY, AXP

Thursday: CSX, MAT, MXIM, PM, SHW, URI, KEY, TRV, ETFC, V

The intermediate and long-term trends are still up.

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

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