Market Review (12/17/2012) and preview for tomorrow

We had a nice day in the markets as there was talk coming out of Washington that a deal was closed to being finished regarding the "fiscal cliff." The financial sector had a great day helping the markets break a recent slump that it has been having.

DJIA - +0.76%
SP500 - +1.19%
NASDAQ - +1.32%

 

The SP500 popped back over the 50 DMA which will serve as a good support level. We will be looking to see during this entire week if any dealings get finalized in Washington.

WATCHLIST FOR TOMORROW

ARQL - break, has alot of room on the upside. low downside risk

IQNT - coiled up for a nice move on the upside

LDK - flag

 NTRI - break

SONS - break can get this one going

Good luck tomorrow!