The Wrap 10/12/10

{+++}Though stocks were quick to recover from an early slide, the broader market stagnated near the neutral line until word of possible quantitative easing pushed stocks into positive ground for a solid finish. . After the close INTC and CSX were the most notable names that reported after the close. Intel is up about 20 cents in the aftermarket. I bet you a buck it closes red tomorrow.

Seven of the sectors were in positive territory, led by financials (+1.3%), tech (+0.7%) and consumer staples (+0.3%).

Tomorrow morning before the open, two economic reports are scheduled to be released: 1) MBA Mortgage Application (Consensus NA) and 2) Export prices ex-ag (Consensus NA) and Import prices ex-oil (Consensus NA).

Tomorrow before the open look for the following companies to report: ASML, CMN, HST, IGTE, JPM, and MTOX.

Two potential breakouts to watch:

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