The All Important Level, 1,075

I’m anticipating a bounce going into this week with the S&P sitting at a pretty decent support level, 1,075. Earnings will play a big part in the direction, as we have a plethora of companies reporting.

The market is still in a rising wedge pattern with the S&P struggling to get past 1,100. CA had a great post on sample charts of possible outcomes, I suggest you take a look here.

My daily gumbo screen inside The PPT (one of my favorite screens) produced the following candidates to buy on strength: LPS, LEG, EPAY, HITT, CACH, SY, POWI, GOL, ALGN, MIND, TRAD, SORL, ALXN, NEU, BMA, ARTX, IFLO, PKG, NYT, LOOP, & HON.