Thursday, January 12, 2012

Pre-market Setups for January 12, 2012

Futures for the U.S. equity markets are slightly in the green pre-market with the S&P 500 +3.50, but backed off a bit when it was announced that jobless claims rose to 399,000 from the previous 375,000.

Some of those solar stocks from yesterday are pointing to a gap up at the open, but I have zero interest in chasing them today.  Make sure to watch the coal, uranium, and shipping sectors today for breakouts as they are showing strength. 

Here are a few setups for today.  ALWAYS use stops to protect from big losses. 

Click on the charts to enlarge:



















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