Thursday, January 24, 2013

Market Review (01/24/2013) and preview for tomorrow

So far so good this week as the entire week we have ended green in the markets. Apple led the NASDAQ down in the red as it came out with lower-than-expected earnings yesterday. New Home sales tomorrow.

DJIA - +0.33%
SP500 - 0.00%
NASDAQ - -0.74%


The SP500 still has a bull momentum but it is overbought and I expect a healthy pullback soon.

WATCHLIST


 ARCO - flagging right under 200 DMA


 INFA - flag


 JBL - flag under  200 DMA


MOV - watching 37.50 level


NUVA- watching this consolidation right under 200 DMA

Good luck tomorrow!

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