Thursday, December 13, 2012

Market Review (12/13/2012) and preview for tomorrow

Stocks dropped lower today as I expected because it was overbought. There was good data coming out but there are still people concerned over the "fiscal cliff." 

DJIA - -0.56%
SP500 - -0.63%
NASDAQ - -0.72%

CPI and Industrial Production Index data coming out tomorrow.


The SP500 is still over the 50 DMA which is serving as a good resistance for the pullback.

WATCHLIST FOR TOMORROW


AMD - ready to go again


ARQL - great upside, gap fill


ATSG - break over 50 DMA


FOE - gap fill


ZAZA  - break

Good luck tomorrow!

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