NEW YORK ( TheStreet) -- Today's buy-and-trade earnings previews cover two companies from the retail-wholesale, and one each in the computer and technology, consumer discretionary and finance sectors.The stock market remains overvalued fundamentally but the technicals suggested new highs. This marks the third time this year that cycle highs could not be confirmed. When that happens new highs will likely follow, and that's the case except for Dow Industrials and Dow Transports. As the Market Pulse below shows, Transports closed just below its Sept. 20 all-time intra-day high at 6754.81 with Industrials below its Sept. 18 all-time intra-day high at 15,709.59. Note the series of new highs set Thursday on five of the averages in the table.
Texas Instruments ( TXN) set a multi-year high at $40.94 on Sept. 19, then tested $38.92 on Oct. 9. The hold-rated semiconductor company has a semiannual value level at $39.38 with a monthly picot at $41.33 and semiannual risky level at $42.15. Zions Bancorp ( ZION) set a multi-year high at $31.40 on July 8, then traded as low as $26.79 on Sept. 30. The hold-rated regional bank is above its 50-day SMA at $28.64 with a weekly pivot at $27.78 and monthly risky level at $30.72. At the time of publication the author had no position in any of the stocks mentioned. Follow @Suttmeier This article was written by an independent contributor, separate from TheStreet's regular news coverage.