Tuesday, December 4, 2012

Market Review (12/04/2012) and preview for tomorrow

Quiet trading day today as the markets finished in negative territory. No major news today so Wall Street was just keeping its ears and eyes open to what's happening in Washington regarding the Fiscal Cliff. Concerns still loom over the markets that the dispute between the two political parties may go unsettled into the new year.

DJIA - -0.11%
SP500 - -0.17%
NASDAQ - - 0.18%

There isn't any major  market moving data being released tomorrow but keep an eye out for the ADP Employment Report pre-market and ISM Non-Mfg Index during market.


The SP500 is in a tight zone between the moving averages which we will see for a while until some major market moving data is released.

WATCH LIST


CVO - break over 200 DMA


GPRE - hovering right over the 20 DMA, can go for a ride if it gets over 8


KKD - flagging nicely


PGTI - setup just got better, breakout


ZQK - break

Good luck tomorrow!

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