Market Preview (01/28/2013-02/01/2013) and Watch List

Great week in the markets last week as we had a big green week. Markets kept inching higher! Now its looking like it should pull back soon which would be healthy. The conditions in the markets right now are completely overbought.

Some key economic data are scheduled to be released this week which could predict where the markets are going:

Monday - Durable Goods Orders
Wednesday - GDP
Thursday - Jobless Claims, Personal Income and Outlays
Friday - Employment Situation, ISM Mfg Index

The SP500 is still moving higher but I expect a pullback soon.

WATCHLIST

PRSS - break resistance. good volume on friday

QLTY - looking for continuation, some extra interest showing in this stock last Friday

SRPT - break of this tight range

INCY - flagging right above resistance

ZUMZ - flagging right above resistance

Good luck tomorrow!