Tuesday After Market

Markets rose once again Tuesday into the close as volume increased marginally. The indexes shrugged off a Chinese rate hike overnight. Another merger was announced in the healthcare sector and MCD provided the Dow with a nice boost on increased January same store sales. Banks and retailers were the strong sectors today, and energy played the laggard role. Bernanke speaks tomorrow and the purchaser application index reflecting housing are among the economic reports Wednesday. Before the open earnings come from AGU RLO WYN and after the close AKAM AAP CSCO TQNT report.

Stocks near specific buy points include COH 58.65 in a cup base. ITW 56.46, BK 32.60, LEN 20.80, ADP 49.83 in cup with handle formations. Flat bases are APC 80.70, TCK 65.47. Cup with high handle is HD 38.22. Double bottom is PM 60.24. TROW 69.08 in a 3 weeks tight pattern. RIO stormed higher once again today by almost 3.5% in big volume after a flat base breakout last week.

Stocks near their 50 day MAs are CMI 108.50, ADI 38.25, CAVM 40.25, IRF 30.25, MXIM 25, SIGM 14, TQNT 12.80, GSM 18, MTL 30.60, TKR 49, X 56.50, JBL 19.60, BP 45.50, CNQ 43, OXY 96, PBR 36, SU 38, SPN 34.90, NKE 85.50, AGCO 50.50, BBBY 48.50, TIF 61.80, YUM 49, HUN 16.50, SOA 23.50, RCL 46, FOE 15, CNI 67.25, KSU 49.25, UNP 94, ALB 56.30, HUM 57, BEAV 38. Stocks that can be bought if they reclaim their 50 day MAs are AEM thru 75.25, VALE thru 35, PVH thru 63.80, SQM thru 55.50, ANF thru 54.25, AAP thru 65.50, MCD thru 76.15, BUD thru 57.15, TAP thru 49.15, GLD thru 134.25. Stocks that reclaimed their 50 day MAs today were JCI GS SBUX AMZN. AMZN bursted thru the 180 level. WYN COH reclaimed their 50 day MAs Monday and continued higher today. CNX BTU WLT LYB FISV all found good 50 day support today. AMP had a big volume move off the 50 day MA today after that line proved to be support after last Thursdays poor earnings report.

Stocks near their 200 day MAs are OVTI 24, JRCC 19, AKAM 46.50, DLTR 48, NSC 59, TTM 24. NEM can be bought thru 59.25, its 200 day MA. BBD bounced back nicely today, but found resistance at its 200 day today. Lets see how that stock performs tomorrow neat that line.

Gap ups that have now held for 4 days now are BIDU UPS LAZ. Bullish action.

Stocks that can be shorted at their 50 day MAs are ALV 79.25, TEN 42, MSCC 23.50, WAT 78, MAR 41, RHT 40.60, CRM 139.

Good luck.

The author owns LULU BUD.