Stock Market Analysis & Trade Ideas for 9/23/12

Markets pulled back a bit this week but are still in solid uptrends so the theme remains “innocent until proven guilty.” The semiconductors still give us reason for caution, further price breakdown in that group next week could lead to the broad market pulling back deeper. The video below takes a look at the key levels and scenarios in $SPY $QQQ $IWM $XLF $SMH and some individual stocks including: $ARNA $CJES $COG $SWC $SFLY $VMW $VRTX