Major earnings announcements from Yahoo (YHOO) and Intel (INTC) gave stocks a reason to jump higher on increased volume. The Nasdaq saw the biggest gains among the indexes rising just over 2%.

Of the two, Intel’s price action was most promising, gapping up and closing on highs with elevated volume:

While the two tech giants are bellwethers for the markets, neither company has a composite score of over 50 on IBD.

From today, there are three stocks that stood out as exhibiting bullish behavior and making a move that could start a new trend:

Of these picks, the last two were both above 90 while VMW was in the mid 80′s. One caution I do want to throw your way is that it seems like we are entering a phase in the market that could be fueled by investors desperate for an opportunity to make some money after missing out so far. Furthermore, these earning reports could prove to be a chance to dump shares on high demand by institutions.

Bottom line is be aware of the risks and cut losses at 8%. Watch for high volume in the major indexes where the prices pull back from highs or close lower to signal institutional selling.