Today certainly appears to be shaping up as a pause to the recent uptrend in the markets. We have more big earnings after the bell, so traders need to tread carefully here. Let's take a look at some names that are worth tracking.

Bullish

Earnings Winners: Pfizer ( PFE), SunTrust Banks ( STI), Apple ( AAPL), Starbucks ( SBUX), Illumina ( ILMN), C.H. Robinson Worldwide ( CHRW) and homebuilder NVR, Inc ( NVR) are all trading higher.

Onyx Pharmaceuticals ( ONXX): Shares are surging on positive breast cancer drug study data.

Other Notable Winners: FedEx Corp ( FDX), KB Home ( KBH), and Wynn Resorts ( WYNN) are gaining.

Bearish

Earnings Losers: St. Jude Medical ( STJ), Genzyme Corp ( GENZ), Aaron's Inc. ( AAN), Wells Fargo ( WFC), Allegheny Technologies ( ATI), Whirlpool ( WHR) and Bank of NY Mellon ( BK) are some of the biggest losers.

Other Notable Pullbacks: First Solar ( FSLR), Fuqui International ( FUQI) and Baidu ( BIDU).

What's the Trade?

It certainly feels like a consolidation day may be in the cards for today's action. Oil ( USO) is lower in the early going, but Gold ( GLD) is digging in with some gains so far. Treasuries ( TLT) are down a bit as bond traders try to parse through the latest economic data which showed recent home prices with a slight uptick. Inflation watchers are looking for any signs that the massive amount of money supply may be beginning to have an effect.

As for some of the ideas I mentioned this morning, there has not been a clear entry point yet for a short position in Agnico-Eagle Mines ( AEM) or U.S. Steel ( X).

I am still monitoring those two plays as well as Baidu ( BIDU). That red-hot stock, which was upgraded this morning, has not responded well so far today. This could be a signal that a pullback may be in the works for momentum plays and the market in general, so I'll be watching the market closely.

Also, keep a close eye on the Ultrashort plays like SKF, SRS, and DUG as long ideas that would work well on a pullback. I am still leaning toward an intraday play as more big names report after hours today.

Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system.

At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.

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