Editor's Note: We are going to sit tight before initiating new plays to see if the markets follow through after strong earnings reports from Intel, JPM, and CSX. Our triggers to buy SRS and PDCO were hit today. Here are a couple of stocks to watch that are presenting good set-ups:

HOC - bouncing off of an upward channel intact since December, target $28.90.
MDR - breaking out of an ascending triangle, target $33.50