The S&P 500 SPDR (ARCA:SPY) is consolidating near the upper band of a wedge formation. A break above $177.64, ideally a close, indicates another quick burst higher is likely. Failure to break through the level indicates another sideways week, or a decline to $170 over the next couple weeks if the consolidation low is breached. When the market as a whole is being a little indecisive, focus on stocks that aren't. These four stocks have continued to push higher, are likely to hold up relatively well if the S&P 500 pulls back and quite possibly rally further if the S&P 500 moves into another leg up.

Aon Corporation (NYSE:AON) created a new high on November 8. The closing level of $80.60 is above the prior consolidation, and while not a definitive breakout, the amount of strength seen since September indicates a continued move higher is likely. If the price continues to advance, the next target is $83.94. A close below $77.79 on the other hand indicates a deeper pullback, likely to $76 or $72.

Bank of New York Mellon (NYSE:BK) had been moving sluggishly since late July, but recently created a new high at $33.17. After a three month consolidation the price appears to be starting another advance. The short-term target is $34.30, with a longer-term target at $37.25. $31.90 should now act as support; if the price falls below this level, the ranging activity is likely to continue with the price heading back toward primary support at $29.50.

Danaher (NYSE:DHR) surged 3.89% on November 8, putting a new high at $74.64 and breaking a consolidation in place since the middle of October. The sideways consolidation--opposed to a pullback where the price drops--shows buyers are aggressive and willing to bid up the stock. The target for this wave higher is $77.50 to $77.70. $71.50 is the nearest support region; if the price falls below, the uptrend is still in tact but a pullback to near $70 or $68 is likely.

Johnson Controls (NYSE:JCI) has also not seen much of a pullback since early October, with buyers stepping in on any decline to push the stock back up. After a brief consolidation last week, on November 8 buyers once again pushed the stock up 3.56% to a new high at $47.75. Short-term targets are $48.65 (most likely) and $50.50 if the former level is exceeded. $46 is support and should hold till the target is reached, if the price falls below $46 expect a deeper pullback into the $43 or $41 to $40 regions.

The Bottom Line

These four stocks have shown a recent ability to break through resistance while the broader market is still consolidating. While this doesn't guarantee that these stocks will continue go higher, they are showing relative strength which means they are likely to fair better than the S&P 500 this week. Stop losses and proper position sizing should be used to make sure any stock purchases stay within your personal risk parameters.