Market Preview (01/07/2013-01/11/2013) and Watch List

Great week in the markets last week as the fiscal cliff deal has the markets up almost 4%. Currently the markets are overbought short-term so its highly likely that we will see some consolidation.

No major market moving data the first couple days this week but on Friday there is international trade balance.

The SP500 is hitting a major resistance and we should expect a pullback or some conslidation as it builds up some steam for the move over.

WATCHLIST

ACAD - looking for it to pop to $6

 MDRX - gap fill, has room to move

ENDP - keeping on short watch

TROV - flag

PPHM - has room to move to the next major resistance

Good luck tomorrow!