Wednesday, January 9, 2013

Market Review (01/09/2013) and preview for tomorrow

We had our first green day today this week after seeing a two-day pullback Monday and Tuesday. Even if there has been some consolidation over the last few days, I am looking for some high momentum plays.

DJIA - +0.46%
SP500 - +0.27%
NASDAQ - +0.45%


The SP500 is right under its 2012 highs and has been consolidating in this area for a few days. I am looking for it to go anytime now in the next couple of days, if not consolidate a bit more.

WATCHLIST

 
 AEGR - keeping this on watch since the biotech sector has been going


RIMM - long over the 20 DMA (trendline). watching it closely


TIVO - good volume, ready to go


UNXL - looking for a bounce off this support


ZIOP - watching the $4.75 area for any momentum

Good luck tomorrow!

 

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