Today is the first day of the new year, happy new year everyone! Having said that, I will pay extra attention today to the market open. I want to to see how the market will respond to the new year and how it would respond to the holidays. I will look at the strongest sectors premarket and how they react after the open. I will also pay a particular interest in premarket levels along with where we open in the SPY. I will let the market settle down before I initiate any position today, in other words I will wait for the dust to settle before I react.
Longs:
Gold: (ABX, SLW. GG)
AKS
JPM
STI
KO
Breakouts:
SLB>84
Shorts:
UAL
EBAY
AKAM
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