Clive Corcoran thinks there may be renewed buying in Wells Fargo (WFC).

Disney (DIS) has evidence of a bull flag formation.

An intermediate-term target for DBC, which tracks a broad basket of commodities, would be the level seen in early January, close to $23.

The investment grade corporate bond sector fund LQD is not responding to the same positive sentiments that are providing a bid for equities.

The S&P 500 seems certain to head back to 835 today, and perhaps with some aggressive action by the bulls, could start moving to the next major testing zone around 875.

The Nasdaq 100 Index (NDX) is the most bullish of the major US equity indices. A test of the 62% level at 1300 seems to be a feasible target in the near term, but this could also coincide with overall market choppiness.

Government statistics and anecdotal evidence are pointing to increasing deterioration in many regions of the global economy, with perhaps the US seeing some signs of a respite, but on balance this suggests that default levels on junk bonds will be towards the upper end of the increasingly more gloomy forecasts for this asset class.

National Semiconductor (NSM) is displaying a bearish configuration in accordance with weakness for the whole semiconductor sector.

Clive Corcoran believes that we are approaching the top of the rally that has been in place since the early March low.

Goldman Sachs (GS) faces a challenge at the 200-day moving average, which is very close to Wednesday's closing level.