Todd Harrison: The Turnaround-Tuesday Stock Market Road Map

By Todd Harrison  JAN 07, 2014 10:22 AM

Road signs and guidelines as we pave our forward path.

 


Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter.

It's Turnaround Tuesday in the City of Critters, and on cue, the tape is trading higher following (gasp!) three lower sessions to start the New Year.
 
The financials (they’ve been trading sticky green), high-beta tech (including Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN), Twitter (NYSE:TWTR), Apple (NASDAQ:AAPL), and market breadth (which hung tough during yesterday’s decline) will help guide today’s way. 
 
S&P (INDEXSP:.INX) 1795-1800 (50-day and the previous breakout zone) will provide the first tangible support zone.
 
As we collectively edge into the New Year, and in an attempt to keep it fresh, I’ll deep dive into some Random Thoughts, in no particular order:
R.P.

Twitter: @todd_harrison

No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

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