Murky Picture

The market continues to rally into higher level. The Nasdaq that was lagging in most part of 2012 finally exerted itself and moved into multi-year high territory. Although the tech sector has been strong recently to help push the Nasdaq indices into new high, but the breadth is giving out warning signs to alert market participants to be cautious. Here are the charts of the Nasdaq market breadth showing its divergence.





Here are some stocks that could continue to move higher with their recent strength:

NFLX:



YHOO:



The followings are few possible turn-around stocks that could be in-play.

AMD:



JCP:



LULU is an earnings play:



Finally, AAPL post event reaction:



Disclosure: Long NFLX, YHOO, JCP, AMD