Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Minyanville's T3 Morning Market Call: Market Looks to Build on Early 2013 Strength

By

After big rallies in recent months, the banks could need stellar reports this earnings season to trigger more upside.

PrintPRINT
The Minyanville - T3Live Morning Market Call is brought to you by T3Live.com. T3Live.com is an online financial media network and education platform that provides active traders and investors with market analysis, real-time access to strategies, and in-depth training from real traders, real-time©. Learn more.

Futures are basically flat after two nice days of gains. Technically you couldn't have asked for a better start to the year. We started with two strong days, then got give days of consolidation, giving some traders/investors time to get in and then further upside.

Markets closed strong and are a stone's throw away from the September highs. How we deal with that area will be interesting. Do we stall at 1474? Do we push through and ignite another short squeeze? And then how do we close if that occurs? Anything can happen, so prepare if/then scenarios for each.

Wells Fargo (NYSE:WFC) beat EPS estimates by $.02, but the stock is opening lower. Keep that in mind as we face bank earnings early next week. After big rallies in recent months, the banks could need stellar reports to trigger more upside. Remember the Financials ETF (NYSEARCA:XLF) is up 4.5% this year already, on top of a move that started from this summer. Remember the first strategy was when Bank of America (NYSE:BAC) was $8, so don't get greedy here.

Last night was a busy media night as I hosted CNBC Asia. Take a look at some of the videos below.

US Equities Aren't Dead: Pro
Thursday, January 10, 2013, 5:10 p.m. ET
Scott Redler, Chief Strategic Officer, T3live.com, says US equity markets have started 2013 on the right note. He adds that the S&P 500 (INDEXSP:.INX) could reach 1,500 pretty quickly if it manages to close above 1,474.
Source: CNBC.com

Adopt a 'Portfolio Approach' to Investing
Thursday, January 10, 2013, 5:20 p.m. ET
Scott Redler, Chief Strategic Officer, T3live.com, advises investors to take five to seven stocks that they know very well and manage them until market conditions change.
Source: CNBC.com

Riding Boldly Into Earnings Season -- But Watch Out
Thursday, January 10, 2013, 6:32 p.m. ET
"I think it's going to be really tough to get through this earnings season without fits or starts. There's so much riding on this earnings season because of expectations for growth going into 2013. I think it could be pretty dicey," said one analyst.
Source: CNBC.com | By: Patti Domm



Check out T3Live.com's Virtual Trading Floor to follow these traders and their live portfolios on real-time throughout the day! Take a free trial.
Scott Redler is long GE, DECK, LNKD, BAC, INTC, F, TBT, FB. Short SPY.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE