This week 380 publicly traded companies are reporting for the third quarter, 130 are S&P 500 constituents.

December E-mini S&Ps (ESZ14 +0.34%) this morning are up +0.33% and European stocks are up +0.59% on positive carry-over from Friday's U.S. Sep payrolls report that showed the U.S. unemployment rate unexpectedly fell to a 6-year low.

The S&P 500 SPY and the NASDAQ QQQ pulled off very timely bounces as both indices re-padded their spacing above their respective 50-day moving averages DMAS.

A look inside one author's portfolio shows his decisionmaking, and results.

Can add to existing buys now that the S&P 500 has broken out above its 50DMA. Stop on a close below the 50DMA.

T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse.