Market Review (01/10/2013) and preview for tomorrow

The markets advanced today as bank stocks led all indexes and the SP500 closed at a 5-year high. Initial unemployment claims were higher than expected but continuing claims dropped to its lowest level since 2008.

DJIA - +0.60%
SP500 - +0.76%
NASDAQ - +0.51%

International trade numbers tomorrow before the market opens.

The SP500 made the highest close in five years which is great! It can really go places after it blows through this resistance from September 2012 highs.

WATCHLIST

PRCP - short watch (overbought)

BYD - like the volume pattern, ready to go. watching $7

CVC - breaks over $15.50

 JBL - watching the $20 level

X - bull flag, good volume pattern

Good luck tomorrow!