Intel (INTC) is in a constricted range and, following upbeat earnings, the stock could move out of the range and battle its way through overhead resistance.

Diamond Offshore Drilling (DO) is a good example of one of Clive Corcoran's favorite patterns - the upward wedge pattern - and the breakout was accompanied by more than twice the average daily volume.

Clive Corcoran will be looking at a move upwards by Amylin Pharmaceuticals (AMLN) towards the 200-day EMA.

The chart for Goldman Sachs (GS) echoes the pattern seen on the broker/dealer index and Clive Corcoran would be looking for leadership from this investment bank to show the way beyond the wedge formation and upwards towards the 200-day EMA.

JP Morgan (JPM) exhibits one of the more reliable bullish continuation patterns.

Clive Corcoran is watching closely the action in the sector fund IYR which tracks the Dow Jones U.S.Real Estate index. There are a number of technical parallels which suggest that the near-term movements of this sector fund could well be a harbinger of what is to come for the overall equity market.

MEMC Electronic Materials (WFR) is forming a bear flag.

Sara Lee (SLE) shows how one of Clive Corcoran's favorite patterns, the ascending wedge, often precedes powerful breakouts.

The chart for Goldcorp (GG) shows that a bear flag is forming.

Clive Corcoran thinks Ross Stores (ROST) has a favorable-looking pattern on the long side.