This morning’s better than expected Jobs Report sent US Equity Indexes into or above key target areas that – if the momentum continues as it appears currently – will break price into New Recovery High territory which you’ll want to monitor closely.

Let’s take a look at the S&P 500, Dow Jones, and NASDAQ to compare current structure and what may occur on a breakthrough beyond these prior high resistance levels.

First, the S&P 500 Daily Chart:

Yesterday's tight action gave way to broader gains on higher volume. Tech and Small Cap indices enjoyed the best of the gains, helped by a very strong gain for the semiconductor index.

Gains in the Russell 2000 helped push supporting technicals back into firm overbought territory. Russell 2000 gains were enough to swing relative strength back Small Caps, although the long term relationship is in flux.

The market gapped higher for its third consecutive Tuesday of 2012, which again helped to make the difference on the week for the indexes.  The remainder of the time was marked by a considerable amount of choppy, trendless action, serving as another reminder of the importance of trade selection in this low-volatility environment.

For the week, I took a number of entries as both day trades and swing trades, and it was a really nice week. Both timeframes provided profits, which is a big advantage of having capital at work across multiple timeframes.

A little disappointing markets weren't able to push on after a strong start, but many indices registered accumulation days.

The S&P finished near its October swing high, although it's in the process of turning this former resistance level into support. While stochastics are overbought, On-Balance-Volume and MACD continue to trend higher on the side of bulls.

- Nokia down: -8% in Europe after Texas Instrument disappointing slightly in their particular sub-sector (this concerns however their older models, not the latest windows phones).
- Rimm down -5% after yesterday -8% drop. 
(RIMM new CEO in CNBC was very disappointment as he didn´t provide any kind of strategy change)
Question: Who will benefit from this situation if any ?
Apple.
Overall, not core changes for my portofolio during this week but I changed my speculative Greece long for Italy "IndexBasket"