Look at the circled range that took place during December, it looks like stocks may consolidate again, especially given the market volatility that took place in the last 2 months.
10500 proves to be a significant resistance, so I think the market will reverse from there and dip to the support of 10250, that’s where we will buy more shares, unless there is gonna be another EURO news that would bring the entire market down again.
What stocks to watch?
LONG: AA, BAC, C, MGM, MU, LVS, X
SHORT: SNDK
SELL: AAPL
That’s my short term idea for now.
Wait for the DOW to retrace to 10250 before buying stocks. There should be mini retracement after a healthy double bottom.
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