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

Stocks climbed today and rose until the FOMC announcement which ended the day pretty much flat. The Fed will be buying treasuries each month as expected and also said to keep interest rates at near-zero rates.

Watch for the PPI and Retail Sales report tomorrow.

DJIA - -0.02%
SP500 - +0.04%
NASDAQ - -0.28%

The markets are overbought right now so seeing some consolidation is healthy.

WATCHLIST FOR TOMORROW

ABFS - consolidating right under resistance

F - break

GPRE - setup got much better, looking for break

MITK - bounce

SVU - bounce off MA to the 3.30 level

Good luck tomorrow!