IT'S ALL ABOUT...FINANCIALS?

Everyone is looking at the technology sector tomorrow because of Intel's earnings report. Don't get me wrong...Intel had a great quarter and the market should gap up tomorrow because of it...but the main focus this week is on the financials. JPM reports tomorrow morning, Citi and Goldman Sachs on Thursday, and BAC on Friday. We should gap up tomorrow because of Intel. If JPM disappoints, we could sell of a bit after that. If JPM beats estimates, we will keep going higher. We are sitting at so many critical resistance levels. Oil is forming a double top (make that a triple top), the XLF has a double top, the SPY and DIA have double tops, the dollar has a double bottom, and the VIX has a triple bottom (both are inverse indicators). I've been a bit more aggressive and have gotten in ahead of the potential breakout. For those that are being a bit more cautious, wait for the breakout. If the DOW is up more than 100 points tomorrow, we will have broken above the resistance. AAPL is probably going higher. I got into AAPL ahead of the Intel report and it will probably gap up tomorrow. Other tech stocks that could move include AMZN, GOOG (which reports on Thursday), BIDU, SMH, QQQQ, AMD, PMCS, BRCM, ALTR, CREE, and MRVL. GS is an interesting pattern. It gapped down $4 today, but formed a perfect "doji" candlestick pattern. Also, the 60 minute chart shows a possible bullish ABC pattern. The stock has rallied back up to $189 in after hours trading. I was stopped out on the gap down, but I might jump back in if we open near that $189 area. C is starting to breakout of a triangle pattern. I also like JPM, BAC, AXP, WFC, USB, and PNC. If all the analysis and stock recommendations are making your head spin, just trade the DIA, SPY, or QQQQ. In other words, just trade the whole market. That is what I end up doing most of the time. Many stocks will move if we break out right here. If you have favorite stocks, check them for possible trading opportunities. Make sure they have strong trends based on the trend analysis I taught you in the course. If we somehow don't breakout tomorrow, I will try to post something before the market closes.