Sunday, January 20, 2013

Daily Analysis and Stock Ideas for 01/22/2013

Daily Analysis -
Another nice up week on decent earnings from Financials. We continued to move higher on good economic data on Thursday. Even not so spectacular earnings from INTC, C and BAC could keep the market down. The next leg of move higher needs to come from the Techs. Financials have had a very nice run and keep the market momentum going but without support from Techs, it may be tough to drive the market to all time highs. Upcoming week should be key with earnings from leading Tech giants including IBM, AAPL and GOOG. If Techs can show some strength we should easily move into 150s, if not, i would start thinking about digestion/pullback time going into Feb Debt ceiling talk. So, watch the earnings and reaction to the earnings this week.

SPY levels
Resistance -   149, 150.70
Support - 147.40, 146.30, 146, 145.60, 144.50, 144, 143.06

Holdings into next week


Sectors to watch -

Financials - Mixed bag now. GS and JPM continue higher. C and BAC lower.
Techs - Key sector to watch this week. AAPL, IBM and GOOG.
Retail - I like the relative strength in retail last couple trading sessions. Pick you name here.
Semi's - Will be watching AAPL earnings closely. IMO AAPL should help QCOM, BRCM, SWKS, CRUS.
Fertilizers - AGU, CF, MOS,  MON all acting very strong.

Trade Ideas -

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