Market Preview (01/14/2013-01/18/2013) and Watch List

We pretty much had a consolidation week this past week because we needed to cool off after making big moves after the fiscal cliff deal announcement! Friday was dead for the SP500. Absolutely no percentage move, boring day for me.

DJIA - +0.13%
SP500 - 0.00%
NASDAQ - +0.12%

This week should be definitely more exciting as there is more key economic data planned to be released on:

Tuesday - PPI, Retail Sales
Wednesday - CPI, Industrial Production
Thursday - Housing, Philadelphia Fed

The SP500 is hanging right under this resistance from 2012 highs. We have failed to break out twice so far but things are heating up around here likely causing a breakout very soon.

WATCHLIST

ALTR - flag

 ALTR - flag

 PRCP - short watch. i might still run up

TSL - watching the $6 area. solars have been real hot

 IRDM - flag

 

WNC - flag

I am still looking at the plays from previous blog posts as their setups have gotten better.

Good luck this week!